Smart Transportation Industry to reach $104.19 billion at a CAGR of 18.3% by 2019

The study reports that the global smart transportation market is expected to grow from $45.05 billion in 2014 to $104.19 billion by 2019, at an estimated Compound Annual Growth Rate (CAGR) of 18.3% from 2014 to 2019. The report also draws the competitive landscape of the Smart transportation market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the global Smart transportation market are geographic expansion, diversification, acquisitions and investment in R&D. Some of the major players in this market are IBM, LG CNS, Cisco, Accenture, Cubic, Affiliated computer services, Thales, KAPSCH, ESRI, GE transportation, Siemens, and many more.

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