2014-03-18 06:39:01 - Transportation Systems and Analytics Market: Worldwide Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com
The transportation systems and analytics market to grow from $28.09 billion in 2013 to $57.46 billion by 2018, at an estimated CAGR of 15.4% from 2013 to 2018. The global market is expected to rise at a Compound Annual Growth Rate (CAGR) of 15.4% from 2013 to 2018. Demand for more travel convenience, rapid population expansion, hyper-urbanization, and globalization are the major drivers of this market.
Transportation analytics offers features such as traffic analytics, Geographical Information System (GIS) analytics, video analytics, predictive analytics, fleet analytics, advanced transportation management system, advanced traveler information, ticketing and parking management solutions, and more. Modern products such as traffic sensors, electronic access, display, and mobility products assist in monitoring and managing transport more effectively.
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