TechNavio today launched its report, Global Intelligent Transportation Systems Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Enterprise Computing team said: ”The increasing adoption of intelligent traffic security solutions is one of the most significant trends in the Transport industry. The Global Intelligent Traffic Security Solution market is expected to increase tremendously by 2015. The advanced applications provided by the Global Intelligent Traffic Security Solution market are video surveillance, biometrics, and chemical, radiological and nuclear detection applications. These applications are required for ensuring significant safety and security across the roadway traffic. Furthermore, the US department of transportation has developed an IntelliDrive program to provide intelligent transport security solutions. This program aims at providing real-time communication to vehicles and the road transport network for crash traffic and incident management systems.”
According to the report, there is high demand for intelligent transportation system (ITS) solutions in the global arena. The need to reduce environmental pollution is one of the major driving factors in the Global ITS market. The deployment of ITS solutions by the government of any nation helps in reducing traffic on roads and thereby reducing environment pollution. It helps in removing many vehicles, hence reducing the harmful impacts on the environment, including harmful carbon emissions from the vehicles. Also, the ITS solution maximizes the use of existing infrastructure and resources; this helps in the optimum utilization of resources and prevents national investment on extra highways and infrastructures.
Further, the report reveals that the high cost of maintenance involved which is required for the proper implementation of the ITS applications is one of the major challenges confronting the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit www.technavio.com/content/global-intelligent-transportation-systems-mark…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Enterprise Computing research, please visit https://www.technavio.com/enterprise-computing
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TechNavio Announces the Publication of its Research Report – Global Intelligent Transportation Systems Market 2011-2015
