Middle East and Africa Smart Transportation Market By Solution (Traffic Management Solution, Passenger Information Solution, Smart Ticketing Solution, Parking Management Solution, Integrated Supervision Solution and Insurance Telematics Solution), Service (Cloud Services and Professional Services), Transportation Mode (Roadways, Railways, Airways and Waterways), Country (Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028
The Middle East and Africa smart transportation market is expected to witness market growth at a rate of 14.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on Middle East and Africa smart transportation market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the adoption of advanced technologies to enhance the customer experience is escalating the growth of Middle East and Africa smart transportation market.
Smart transportation is a set of systems and solutions that are used to control the real-time conditions, monitor and collect the data and enhance the overall performance. Smart transportation is integrated with modern technologies and management strategies such as ITS (Intelligent Transportation System).
Major factor that are expected to boost the growth of the Middle East and Africa smart transportation market in the forecast period are the rising focus on the technological advancements. Furthermore, the ever-rising population base. Moreover, the surge in the number of small and medium scale organizations, increasing demand for integrated security and safety systems for improved public safety, growing infrastructural development especially in the developing economies and surging adoption of internet of things technology is further estimated to cushion the growth of the Middle East and Africa smart transportation market.
On the other hand, lack of skilled workforce and technological expertise in underdeveloped and developing economies is further projected to impede the growth of the Middle East and Africa smart transportation market in the timeline period. However, lack of standardized and uniform technology and complexities existing in analysing multiple parameters and in monitoring real-time events and the complexities in integration over legacy systems and networks might further challenge the growth of the Middle East and Africa smart transportation market in the near future.
This Middle East and Africa smart transportation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Middle East and Africa smart transportation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Middle East and Africa Smart Transportation Market Scope and Market Size
The Middle East and Africa smart transportation market is segmented on the basis of solution, services and transportation. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of solution, the Middle East and Africa smart transportation market is segmented into passenger information solution, traffic management solution, parking management solution, smart ticketing solution, insurance telematics solution and integrated supervision solution. The passenger information solution is sub-segmented into network connectivity and multimedia information and entertainment. The traffic management solution is sub-segmented into route guidance, toll collection and revenue management, smart signalling and predictive traffic analytics. The parking management solution is sub-segmented into ticketing and revenue management, access control, automated parking guidance and slot management.
- On the basis of service, the Middle East and Africa smart transportation market is segmented into professional services and cloud services.
- On the basis of transportation, the Middle East and Africa smart transportation market is segmented into roadways, railways, waterways and airways.
Middle East and Africa Smart Transportation Market Country Level Analysis
The Middle East and Africa smart transportation market is analysed and market size, volume information is provided by country, solution, services and transportation as referenced above.
The countries covered in the Middle East and Africa smart transportation market report are Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Saudi Arabia dominates the Middle East and Africa smart transportation market due to the kingdom has planned widespread modernization projects in all its major cities. Furthermore, Kingdom has chosen billions of dollars for these projects and has planned integration of local transport with intercity transport services will further boost the growth of the Middle East and Africa smart transportation market during the forecast period.
The country section of the Middle East and Africa smart transportation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Middle East and Africa Smart Transportation Market Share Analysis
The Middle East and Africa smart transportation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Middle East and Africa smart transportation market.
The major players covered in the Middle East and Africa smart transportation report are Kapsch TrafficCom AG, Gemalto NV, Thales Group, Alstom, Schneider Electric, Siemens, MSR-Traffic GmbH, Cubic Corporation, WS Atkins Limited, Cisco System, Inc., Accenture, IBM, LG CNS, IndiGo and TOSHIBA CORPORATION among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.