Global Intelligent Transportation Systems (ITS) Market Earns High Revenue with Need for Efficient and Smart Traffic Management

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Brooklyn, NY — 02/02/2018 — The global intelligent transportation systems market has been predicted to be a multibillion dollar one collecting growth prospects with the increasing demand for ecological environmental improvement and environmental protection. QYResearchReports.com has publicized the addition of a report bearing the title “Global Intelligent Transportation Systems (ITS) Market Professional Survey Report 2018.” According to the report, the market could be segregated into freight management, road safety and security, and traffic management as per application. In terms of product, the market could see a segmentation into services, software, and hardware. Each segment has been carefully researched and analyzed for future growth prospects it could entail.

The demand for effective traffic management with the help of sound government fund allocation has been anticipated to set the tone for a valuable growth in the world intelligent transportation systems market. Other factors such as the need for advanced solutions to resolve traffic congestion issues and increasing concern for the safety of pedestrians and vehicle drivers could augur well for the growth of the market. In order to improvise on communication and information systems, governments having been implementing a number of complex algorithms and sophisticated software solutions. As a result, software products have been projected to exhibit an impressive growth in the market.

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Commercial vehicle operation systems could showcase a sound growth in the world intelligent transportation systems market because of the logistics industry embracing a strong growth and the rising demand for the extension of transportation networks. The application of parking management systems has been expected to significantly make an impact on the market. However, intelligent traffic systems could have a greater influence on market growth because of their vital usage in variable traffic message signs, traffic enforcement cameras, traffic signal control, and traffic monitoring. Moreover, critical data pertaining to route guide for drivers, construction zones, and road conditions is provided by them.

Slow infrastructure growth in particular regions of the international intelligent transportation systems market and expensive installation cost have been forecast to hamper growth. Nevertheless, the growing requirement of private-public partnerships and availability of a range of solutions and technologies have been foreseen to create ample of opportunities in the market. On account of the healthy presence of key vendors offering intelligent transportation systems, Europe and North America could hold a strong position in the near future. Although North America could dominate the market with its commanding share, Asia Pacific has been projected to exhibit a promising growth in the market.

The rising population in Asia Pacific and the increasing count of megacities in the region could bode well for the international intelligent transportation systems market. Companies functioning in the global market have been envisaged to take advantage of the rising need for efficient and smart traffic management to reduce pollution and traffic congestion problems. Furthermore, inadequate road infrastructure and increasing vehicle population could produce scores of rewarding prospects in the market.

Major players operating in the market have been predicted to take to the adoption of powerful business strategies such as business expansions, collaborations, partnerships, mergers, the development of existing products, and new product launches. Some of the important players of the market could be TomTom International BV, Kapsch Trafficcom, Garmin Ltd., Siemens AG, and Thales Group. All of the companies profiled in the report have been deeply studied while focusing on their market share, revenue, and other aspects.

Read Complete Table of Content of the Report at: https://www.qyresearchreports.com/report/global-intelligent-transportation-systems-its-market-professional-survey-report-2018.htm/toc

Table of Contents

Global Intelligent Transportation Systems (ITS) Market Professional Survey Report 2017
1 Industry Overview of Intelligent Transportation Systems (ITS)
1.1 Definition and Specifications of Intelligent Transportation Systems (ITS)
1.1.1 Definition of Intelligent Transportation Systems (ITS)
1.1.2 Specifications of Intelligent Transportation Systems (ITS)
1.2 Classification of Intelligent Transportation Systems (ITS)
1.2.1 Hardware
1.2.2 Software
1.2.3 Services
1.3 Applications of Intelligent Transportation Systems (ITS)
1.3.1 Traffic Management
1.3.2 Road Safety And Security
1.3.3 Freight Management
1.3.4 Others

2 Manufacturing Cost Structure Analysis of Intelligent Transportation Systems (ITS)
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Intelligent Transportation Systems (ITS)
2.3 Manufacturing Process Analysis of Intelligent Transportation Systems (ITS)
2.4 Industry Chain Structure of Intelligent Transportation Systems (ITS)

3 Technical Data and Manufacturing Plants Analysis of Intelligent Transportation Systems (ITS)
3.1 Capacity and Commercial Production Date of Global Intelligent Transportation Systems (ITS) Major Manufacturers in 2016
3.2 Manufacturing Plants Distribution of Global Intelligent Transportation Systems (ITS) Major Manufacturers in 2016
3.3 R&D Status and Technology Source of Global Intelligent Transportation Systems (ITS) Major Manufacturers in 2016
3.4 Raw Materials Sources Analysis of Global Intelligent Transportation Systems (ITS) Major Manufacturers in 2016

4 Global Intelligent Transportation Systems (ITS) Overall Market Overview
4.1 2012-2017E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2012-2017E Global Intelligent Transportation Systems (ITS) Capacity and Growth Rate Analysis
4.2.2 2016 Intelligent Transportation Systems (ITS) Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 2012-2017E Global Intelligent Transportation Systems (ITS) Sales and Growth Rate Analysis
4.3.2 2016 Intelligent Transportation Systems (ITS) Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 2012-2017E Global Intelligent Transportation Systems (ITS) Sales Price
4.4.2 2016 Intelligent Transportation Systems (ITS) Sales Price Analysis (Company Segment)

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Maria Burns

Maria Burns

Maria is a Viral News Editor who graduated from the University Of California. She likes social media trends, being semi-healthy, Buffalo Wild Wings and vodka with lime. When she isn’t writing, Maria loves to travel. She last went to Thailand to play with elephants and is planning a trip to Bali.
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