A new study by 6418 MarketsAndMarkets predicts that the global transportation analytics and system market is expected to grow from US$28.09 billion in 2013 to US$57.46 billion by 2018, at an estimated compound annual growth rate (CAGR) of 15.4 per cent from 2013 to 2018.
Major players in the transportation systems and analytics market are Cellint,378 Cubic Corporation, Deltion, 490 Garmin, 62 IBM, 163 Inrix, 81 Kapsch, Kewill, 5651 Oracle, 213 Qualcomm, Ryder Systems, 596 Thales, 1692 TomTom and Traffic Master.
The recent trend in the industry shows that there is a high demand for an improved access to resources, customer bases, markets, and customers. There have been innovations in analytic solutions, advanced transportation control system, and management solutions and applications across the verticals of the transportation analytics and system market.
Changing travel demand, hyper-urbanisation and globalisation are the important drivers for this market. Intelligent infrastructure has given rise to the smart vehicles; and smart vehicles on smart roads represents better infrastructure, better communication facility, less congestion, and better safety. The opportunity involved is the need for smart vehicles which has given rise to the intelligent infrastructure and intelligent vehicles.
Verticals such as roadways, intermodal transport, airways, railways, and seaways are extensively using applications such as remote sensing. Big players and start-up companies are shifting toward smarter technology and its solutions to meet the requirements of today’s business and customer needs. The introduction of disruptive technologies in solutions such as analytics, advanced traveller information systems, advanced vehicle control systems, and the type of analytics used is giving boost to the adoption of transportation system solutions, applications, and products across various verticals.
The report also draws the competitive landscape of the transportation system and analytics market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the global transportation analytics and system market are new intelligence technology, shift toward analytical solutions, and acquiring relatively small domain expert players. Some of the major players in this market are IBM,189 Siemens, Oracle, 3857 Honeywell, Inrix, 6626 Image Sensing Systems, and 4186 Xerox.
Major players in the transportation systems and analytics market are Cellint,
The recent trend in the industry shows that there is a high demand for an improved access to resources, customer bases, markets, and customers. There have been innovations in analytic solutions, advanced transportation control system, and management solutions and applications across the verticals of the transportation analytics and system market.
Changing travel demand, hyper-urbanisation and globalisation are the important drivers for this market. Intelligent infrastructure has given rise to the smart vehicles; and smart vehicles on smart roads represents better infrastructure, better communication facility, less congestion, and better safety. The opportunity involved is the need for smart vehicles which has given rise to the intelligent infrastructure and intelligent vehicles.
Verticals such as roadways, intermodal transport, airways, railways, and seaways are extensively using applications such as remote sensing. Big players and start-up companies are shifting toward smarter technology and its solutions to meet the requirements of today’s business and customer needs. The introduction of disruptive technologies in solutions such as analytics, advanced traveller information systems, advanced vehicle control systems, and the type of analytics used is giving boost to the adoption of transportation system solutions, applications, and products across various verticals.
The report also draws the competitive landscape of the transportation system and analytics market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the global transportation analytics and system market are new intelligence technology, shift toward analytical solutions, and acquiring relatively small domain expert players. Some of the major players in this market are IBM,
