According to a new market report published by Credence Research “Intelligent Transportation Systems and Services (ITSS) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the global intelligent transportation systems and services (ITSS) market is expected surpass US$ 80.00 Bn by 2022, with its rising need to reduce congestion across the world. ITSS helps to improve the efficiency of the existing road networks, reduces road casualties and reduces emission of hazardous pollutants. Rising benefits a about these systems is expected spur the adoption of intelligent transportation systems and services across the world.
Browse Full Report at(Intelligent Transportation Systems and Services (ITSS) Market - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022):
http://www.credenceresearch.com/report/intelligent-transportation-systems-and-services-itss-market
The advanced transportation systems segment accounted for the largest revenue share in 2014 and is expected remain the dominant segment through the forecast period 2015 – 2022. This primarily attributed to rising investment in advance traffic management solutions in order to improve the traffic flow on both urban and inter-urban road networks. Advance transportation systems also reduces economic burden on governments by reducing congestion and fuel consumption. Increasing number of public transport users forcing transport authorities to improve efficiency and quality of services. This is expected to increase the demand for advanced intelligent transportation systems used in public transportation applications.
Automobile manufacturers are increasingly installing telematics systems in their new vehicles to offer competitive products to their customers. This is increasing the demand for automotive telematics across the world. Automotive telematics systems include GPS system, dashboards, advanced drive assistance systems, vehicle cameras, radios and others systems integrated in the vehicles for real time information weather traffic and other information with the driver. The market for ITSS used in telematics applications is expected to grow at a CAGR of 8.0% throughout the forecast period. The automotive telematics is the second fastest growing application segment for ITSS solution after environment protection application. Road safety, parking management, road user charging and traffic management are some other major applications also expected to see significant growth through the forecast period.
Based on components, we have also classified intelligent transportation systems and services into two categories i.e. systems (hardware) and services. Services include software and communication services. The services segment is both the largest as well as fastest growing segment in the overall ITSS market by component.
The global intelligent transportation systems and services market is highly competitive and comprise of larger number of international players. Garmin International Inc, Siemens AG, Kapsch TrafficCom, Hitachi, Q-Free ASA, SWARCO AG, TomTom NV Xerox Corp, IBM Corp and Denso Corp are some major international players in the intelligent transportation systems and services (ITSS) industry.
For More Information, List of Figure, Tables And TOC Visit:
http://www.credenceresearch.com/report/intelligent-transportation-systems-and-services-itss-market
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Web: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email:Send Email
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/intelligent-transportation-systems-and-services-itss-market
