DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nscx8z/global) has announced the addition of the "Global Transportation System and Analytics Market 2014-2018" report to their offering.
The Global Transportation Systems and Analytics market to grow at a CAGR of 15.46% over the period 2013-2018.
Globalization and hyper-urbanization have created the need for an efficient transportation system. Various advanced transportation systems and analytical tools help transportation agencies to make real-time decisions, improve operational efficiencies, and provide safe and secure services to customers. Since transportation systems comprise of a vast network including road, rail, air, and sea, many initiatives have been taken to bring together physical and digital infrastructure, creating intelligent networks.
The Global Transportation Systems and Analytics market can be segmented into three: Solutions, Applications, and Products. As a result of an increase in the global population, there has been a rise in congestion and pollution. To control these factors, the Transportation industry needs advanced solutions, applications, and devices, which help transportation agencies to reduce the travel time for passengers and provide safe and reliable services.
One of the major emerging trends in this market is the increasing number of smart vehicles and the growing usage of smart roads which will make use of information technology to reduce road accidents.
According to the report, one of the major drivers in this market is the change in travel demands of people. As people have busier schedules, efficient and time-savvy transportation systems are in demand.
Further, the report states that the slow growth of infrastructure is one of the major challenges in the market. The conventional or existing transportation infrastructure is not compatible with many new technologies that are introduced in the market. There is an urgent need to upgrade the infrastructure in tune with advanced technologies.
Other Prominent Vendors
- Traffic Master
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Type
- Geographical Segmentation
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/nscx8z/global