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Key players in Transportation System and Analytics Market covered in this report include: Alstom, IBM, Oracle, Siemens, Hexagon, NovAtel, Thales, Cellint, Deltion and many more.
(PRWEB) January 07, 2015
The report on “Transportation Systems and Analytics Market” analyzes and studies the major drivers, restraints, and opportunities for this market across different geographic regions.
Browse “Transportation Systems and Analytics Market” through detailed TOC, data tables and figures spread across 256 report pages.
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The modern transportation systems assist in acquiring descriptive and predictive knowledge of the industry. It aids in better decision making for improving current solutions and applications related to the transportation industry to outwit the future challenges. Traffic congestion is a vital problem resulting from hyper-urbanization and globalization. It has created a need for the efficient transportation system market. The other problem in the transportation and logistics system is the disequilibrium between supply and demand.
Transportation solutions such as analytics and advanced transportation control systems are helping in the enhancement of mobility, reduced fuel consumption, gas emissions, improved safety, and strengthened economic competitiveness for investors. According to the report, these factors are making a big market in the U.S., Europe (EU) and Asia Pacific (APAC) regions. Key players who are providing solutions related to the transportation system market includes IBM, Siemens Mobility, Thales, Oracle, Transdyn, Garmin, Image Sensing Systems, Inc., INRIX, Inc, Honeywell, and Xerox. A few players are cited to be the key innovators in this market. These players include LeddarTech, Inc., Moxa, NovAtel, Decawave, and Emkay.
According to the announcements of findings, the global transportation analytics and system market is expected to reach $57.46 billion in 2018. During the forecasting period, the market is estimated to grow at a CAGR of 15.4%. In the current scenario, roadway vertical is expected to be the largest user for transportation solutions, applications, and products. It is followed by the verticals like railways and airways.
Considering the future trends highlighted in the report, Europe and China are expected to lead the export industries. United States, Europe and China are at the top position in import trade, thus they are expected to be the main revenue generators in the transportation business solutions. According to the report, developing countries are expected to experience rise in the trade. This rise is expected to be driven by rising demand for the modern transportation solutions. Thus, these region will create growth opportunities for traffic management systems, high-end service centers, data monitoring networks for traffic management, and infrastructure optimizing solutions.
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