Technology Intelligent Transportation System (ITS) Market | Page 2

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future The system improves the supply chain course and yield high cost ratio. Increasing adoption of intelligent transportation system in emerging countries such as Russia, India, Brazil, South Africa and China has offered several economic advantages. It helps the consumers in reducing the overall fuel utilization and travel time by avoiding overcrowded routes or traffics. Need for interoperability is likely to create challenge to industry participants. However, transportation authorities, governments and ITS services providers have been actively working together to improve overall interoperability. The report “Intelligent Transportation System (ITS) Market Size, Analysis, 2020” is available now to HexaResearch customers and can also be purchased directly at http://www.hexaresearch.com/research-report/intelligent-transportation-system-itsindustry/ Key report insights suggest: - Global intelligent transportation system market was valued USD 18.5 billion in 2014, with estimation of USD 38.6 billion by 2020, growing at 13% from 2014 to 2020 - Global ITS market demand in traffic management system was USD 5,773.7 million in 2014 which is probable to achieve USD 11,429.6 billion by 2020, growing at a CAGR of 12.1% from 2014 to 2020. Advantages offered by this system include operation performance and reliability are predictable to stimulate the industry demand. Public transport is expected to grow at 13.4% over the next six years. - North America leads the regional demand with market share of 43.66% in 2014. Strict government initiatives have encouraged the demand in this region over the forecast period. Asia Pacific ITS market is expected grow at high rates compared to other regions. The region is expected to grow at a CAGR of 14% up to 2020. Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/