India 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 support from the governmental bodies for the deployment of advanced technologies for the traffic management. In June 2015, Government of India announced its flagship program ‘Smart Cities Mission’ that aims at the improving the infrastructure of the 100 cities of the country, transforming the mentioned cities into a sustainable and citizen-friendly city infrastructure. Transportation plays an imminent role in the smart city initiative, that devise the management and regulations of all problems associated with traffic and locomotion in the country. This, in turn, is leading to the growth of the smart transportation market in India. Moreover, the public-private partnership (PPP) model is assisting the growth of the market players operating in the smart transportation market in India.
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. This is due to the rising cross-border trade of the country with the neighboring economies, supported by the smart city initiative of India.
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India 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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Company Profiles
- Cisco Systems, Inc.
- Hitachi, Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corp.
- Intel Corp.
- Oracle Corp.
- SAP SE
- Siemens AG
- Toshiba Corp.
- VBSOFT Ltd.
- Zero-Sum ITS Solutions India Pvt. Ltd.
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