Transparency Market
Research
Intelligent Transportation System Market - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Published Date
02-Oct-2013
130 Page Report
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Press Release
Global Intelligent Transportation System Market is Expected to
Reach USD 30.2 Billion by 2019: Transparency Market Research
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Intelligent Transportation System Market
REPORT DESCRIPTION
Intelligent Transportation System Market - Global Industry Analysis, Size, Share, Growth,
Trends and Forecast, 2013 - 2019
According to a new market report published by Transparency Market Research "Intelligent Transportation
System (ITS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,The
global market is expected to reach a value of USD 30.2 billion by 2019, at a CAGR of 11.1% from 2013 to
2019.
The demand of ITS systems is rising globally due to increased congestion in metropolitan areas.
Development and deployment of intelligent transportation system not only reduces traffic, but also
reduces number of accidents and improves quality of life by controlling vehicle emission levels. In addition,
these systems reduce financial burden on countries by reducing fuel consumptions and traveling delays.
These benefits of ITS systems are motivating both developed and developing countries to invest in these
technologies instead of spending huge amount on transportation network expansion.
Browse the full report with complete TOC at Intelligent Transportation System Market
http://www.transparencymarketresearch.com/intelligent-transportation-system-market.html
Advanced transportation management systems (ATMS) used for traffic control and management accounted
for the largest revenue share of 42.1% of...