DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Intelligent Transport Systems Market (2016 - 2022)" report to their offering.
The intelligent transportation system (ITS) market size, in terms of value, is expected to grow from USD 32,540 Million in 2015 to USD 57,195 Million by 2022, at a CAGR of 8.7% between 2016 and 2022.
Railways, the backbone of the transportation systems in different regions, is evolving by the day and is growing increasingly complex. The adoption of railway intelligent transportation system (RITS) will be a step towards gaining competitive edge over other modes of transportation. By implementing various intelligent techniques, the need for consumer safety can be smartly managed within this mode of transportation.
The developing regions have many impediments to growth, and road traffic jams have and will be a major problem causing massive delays, increased fuel wastage and monetary losses. The fast changing regional landscape has led to poorly planned road networks. Due to unplanned road networks, small critical areas become the hot-spots for congestion and ineffective and poor traffic management around these hotspots potentially results in extended traffic jams. Privatizations of highways and road pricing have been some initiatives proposed to reduce congestion.
Roadways segment dominated the global ITS market in 2015 and is expected to generate revenue of $20,018.2 Million by 2022.
- Cisco Systems, Inc.
- Computer Science Corporation
- IBM Corporation
- Intel Corporation
- Microsoft Corporation
- Oracle Corporation
- Siemens AG
- ZTE Corporation
Key Topics Covered:
1. Market Scope and Research Methodology
2. Executive Summary
3. Market Overview
4. Global Intelligent Transport Systems Market - By Mode of Transport
5. Global Roadways Intelligent Transport Systems (ITS) Market
6. Global Railways Intelligent Transport Systems (ITS )Market
7. Global Aviation Intelligent Transport Systems
8. Global Maritime Intelligent Transport Systems (ITS) Market
9. Global Intelligent Transport Systems Market - By Geography
10. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/dcpjz9/global