European smart transportation market is projected to witness considerable growth during the forecast period. The major factors contributing to the growth of the market include the rising government spending on improving the urban transport and traffic system of the region, especially in UK and France. Moreover, the increasing cross border trade has risen the traffic in the region, leading to the rising demand for the smart transportation in the European economies. The smart transportation market is classified on the basis of transportation mode and application. Based on transportation mode, the market is segmented into railways, airways, roadways, and maritime. Based on application, the market is segregated into ticketing management system, parking management system, traffic management system, and others. The smart transportation market will be driven by the roadway’s transportation. The roadway smart transportation market is estimated to project a considerable CAGR during the forecast period.
Geographically, European smart transportation market is segmented into Germany, UK, France, Italy, Spain, and rest of Europe. UK contributed the significant share in the European smart transportation market, owing to the rising cross-border trade in the country, post Brexit. Germany and France have a developed IT & telcom sector providing a stable platform for the growth of the smart transportation market in the respective countries. Apart from the major European countries, Switzerland, the Netherlands, Denmark, Norway Ireland, Hungary, and Belgium are some other countries of Europe that are providing a significant contribution to the growth of the smart transportation market.
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European Smart Transportation Market – Segmentation
By Transportation Mode
- Railways
- Roadways
- Airways
- Maritime
By Application
- Ticketing Management System
- Parking Management System
- Traffic Management System
- Others (Integrated Supervision System)
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European Smart Transportation Market – Segmentation
- UK
- Germany
- France
- Italy
- Spain
Rest of Europe
Company Profiles
- Amadeus IT Group, S.A.
- Cisco Systems, Inc.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- Intel Corp.
- Kapsch Group
- Oracle Corp.
- SAP SE
- Siemens AG
- Thales Group
- The Descartes Systems Group Inc.
- Toshiba Corp.
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