Dallas, TX (PRWEB) July 09, 2014
Global intelligent transport system market (ITS) is expected to hit $33.75 billion by 2020, at an estimated CAGR of 11.30% from 2014 to 2020. The America holds the major market share, followed by the Europe owing to the rapid development in their infrastructure. APAC market also constitutes a substantial market share in ITS. From these factors, it is believed that these markets will grow at a significant growth rate for the forecast period of 2014 to 2020. Complete report of 300 pages is available at http://www.reportsnreports.com/reports/187194-intelligent-transport-systems-its-market-trends-adoption-worldwide-forecasts-2012-2017-.html .
The overall global intelligent transport system industry is segmented into four major segments; namely components, system, application and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately classified in the report. The major driving factors for the intelligent transportation system market are solution to traffic congestion and government support whereas public private partnership is the key to the success in implementing intelligent transportation system. In this report various new technologies like V2V and V2I communication system are discussed and it also includes the prominent architecture of ITS and insights of standards used in intelligent transportation systems. The report forecasts the growth from 2014 to 2020, along with ITS market size, list of leading players, the latest technology adoption, M&A s, and JV s of key players.
Companies profiled in the intelligent transportation market report include Thales Group, Garmin International, Inc., Tomtom NV, Kapsch Trafficcom AG, Q-Free ASA, Nuance Communications, Inc., Denso Corporation, Transcore Inc., Efkon AG and Savari Inc. Order a copy of this report at http://www.reportsnreports.com/Purchase.aspx?name=187194.
The applications of the Intelligent Transportations System (ITS) are helping with catering today’s traffic challenges. “ITS” improves operational benefits of the transportation system by reducing delays, which develops the roadside infrastructure and allows the traffic to flow smoothly. In developed countries such as; the U.S., Germany, and France, this system is already installed on a large number of highways and in developing countries such as; India, China, Indonesia, and others, the installation of this system is growing in numbers. Key Take Aways from this report include:
This ITS market research report covers advanced traveler information system, advanced traffic management system, its-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation. It also covers applications such as fleet management and asset monitoring, traffic monitoring, collision avoidance system, traffic signal control system, variable traffic message signs, parking availability system, and traffic enforcement cameras. It also covers components like PCB, sensors, surveillance camera, software license, communication networks, monitoring and detection system.
Smart Transportation Market (Ticketing Management, Parking Management, Traffic Management, Smart Signalling System, Multimodal Information System, Cloud Services, Business Services) – Global Advancements, Forecasts and Analysis (2014-2019) is a 139 pages research report published in March 2014. Companies like Accenture PLC, Affiliated Computer Services Inc., Alstom SA, CISCO Systems Inc, Cubic Corporation, GE Transportation, IBM, Indra, Kapsch and LG CNS are profiled in this report available at http://www.reportsnreports.com/reports/209788-smart-transportation-market-by-solutions-ticketing-management-parking-management-passenger-information-traffic-management-services-traditional-advanced-software-worldwide-analysis-and-forecasts-2012-2018-.html. As per this report, the market of smart transportation in 2014 is estimated to be $45.05 billion. This market is expected to reach $104.19 billion by 2019, at a CAGR of 18.3% between 2014 and 2019. The key playing fields are traffic management systems, and cloud services in the smart transportation market. The report helps them understand the pulse of the market. It provides information on key market drivers, restraints, challenges, and opportunities.
Explore more reports on semiconductor and electronics market as well as reports related to the IT and Telecommunications industry at http://www.reportsnreports.com/market-research/information-technology/.
ReportsnReports.com is an online market research reports library of 450,000+ reports and in-depth studies of 5000+ micro markets. Contact sales(at)reportsandreports(dot)com / +1 888 391 5441 with your research requirements and we will be happy to help you.