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SOURCE Research and Markets
DUBLIN, Feb. 12, 2014 /PRNewswire/ --
Research and Markets
) has announced the addition of the
report to their offering.
This report discusses how analytic solutions, advanced transportation control systems, and management solution capabilities aid in making real-time decisions. These solutions and applications provide businesses with various benefits which include making faster and smarter business decisions with advanced analytics and improved customer satisfaction with on-time delivery performance. Looking at the vast networks of the transportation systems which include road, rail, air, and sea smart initiatives have been taken which brings together the physical and digital infrastructure providing intelligent networks. The solutions and applications are needed to address the challenges arising from the intelligent networks such as improving operational efficiency along with reducing environmental impacts and assuring safety and security.
Increase in population and the migration of people from the rural areas to the cities are the major factors of traffic congestion. Traffic congestion reduces the efficiency of transportation infrastructure and also increases the traveling time, fuel consumption, and air pollution. To overcome this problem, many countries such as the U.S., Germany, U.K., Japan, and others are deploying transportation analytics solutions.
The global market is expected to rise at a Compound Annual Growth Rate (CAGR) of 15.4% from 2013 to 2018. Demand for more travel convenience, rapid population expansion, hyper-urbanization, and globalization are the major drivers of this market. Transportation analytics offers features such as traffic analytics, Geographical Information System (GIS) analytics, video analytics, predictive analytics, fleet analytics, advanced transportation management system, advanced traveler information, ticketing and parking management solutions, and more. Modern products such as traffic sensors, electronic access, display, and mobility products assist in monitoring and managing transport more effectively.
It is expected that the transportation systems and analytics market will grow from $28.09 billion in 2013 to $57.46 billion by 2018, at an estimated CAGR of 15.4% from 2013 to 2018.
Key Topics Covered:
2 Executive Summary
3 Market Overview
4 Transportation Systems: Market Size and Forecast By Types
5 Transportation Systems: Market Size and Forecast By Verticals
6 Transportation Systems: Market Size and Forecast By Regions
7 Transportation Systems: Markets Analysis, Trends and Insights
8 Transportation Systems: Competitive Landscape
9 Company Profiles
For more information visit http://www.researchandmarkets.com/research/z6vhhr/transportation
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