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Intelligent Transportation System (ITS) Market Size, Share, Growth, Industry Analysis and Forecast to 2020 - Hexa Resear

Intelligent Transportation System (ITS) market is expected to witness substantial growth over the forecast period. This can be attributed to its ability to enhance performance, reduce accidents, optimize fuel consumption and enable multimodal transport through integration of Information and Communications Technology (ICT).

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Intelligent Transportation System (ITS) Market Size, Share, Growth, Industry Analysis and Forecast to 2020 - Hexa Resear

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  1. Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Intelligent Transportation System (ITS) Market Analysis, Size, Share, Growth, Industry Trends and Forecast to 2020 - Hexa Research Globalintelligent transportation system (ITS) marketis estimated to attain USD 38.68 billion by 2020, as per a new research report by HexaResearch. Cost effectiveness along with escalating need for road safety is likely to boost global demand. ATMS was the leading product segment and was valued USD 7,366.5 million in 2014. It is expected to witness significant gains, with estimate of USD 15,050.8 million by 2020 at a CAGR of 12.6% during the forecast period. It is used to minimize congestion and ensure proficient use of road space. ATPS was valued at USD 5,031 million in 2014, and is projected to attain USD 10,748.6 million by 2020, at an estimated CAGR of 13.5% over the next six years. The system improves the supply chain course and yield high cost ratio. Increasing adoption of intelligent transportation system in emerging countries such as Russia, India, Brazil, Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

  2. Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future South Africa and China has offered several economic advantages. It helps the consumers in reducing the overall fuel utilization and travel time by avoiding overcrowded routes or traffics. Need for interoperability is likely to create challenge to industry participants. However, transportation authorities, governments and ITS services providers have been actively working together to improve overall interoperability. Browse Details of Report@ https://www.hexaresearch.com/research-report/intelligent-transportation-system-its- industry Key report insights suggest: - Global intelligent transportation system market was valued USD 18.5 billion in 2014, with estimation of USD 38.6 billion by 2020, growing at 13% from 2014 to 2020 - Global ITS market demand in traffic management system was USD 5,773.7 million in 2014 which is probable to achieve USD 11,429.6 billion by 2020, growing at a CAGR of 12.1% from 2014 to 2020. Advantages offered by this system include operation performance and reliability are predictable to stimulate the industry demand. Public transport is expected to grow at 13.4% over the next six years. - North America leads the regional demand with market share of 43.66% in 2014. Strict government initiatives have encouraged the demand in this region over the forecast period. Asia Pacific ITS market is expected grow at high rates compared to other regions. The region is expected to grow at a CAGR of 14% up to 2020. - The industry is reasonably competitive, with top ten manufacturers which account for a large percentage of industry share in 2013. Major participants include Kapsch TrafficCom, Hitachi Ltd., Siemens AG, SWARCO AG, TomTom NV, Denso, Q-Free ASA, Garmin International, IBM Corp. and Xerox Corp. Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

  3. Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future Browse Related Category Market Reports@ https://www.hexaresearch.com/research-category/next-generation-technologies- industry About Us: Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives. Contact Us: Ryan Shaw Hexa Research Felton Office Plaza 6265 Highway 9 Felton, California 95018 United States Phone: +1-800-489-3075 Email: sales@hexaresearch.com Website - http://www.hexaresearch.com/ Follow us on Linkedin: https://www.linkedin.com/company/hexa-research Contact: +1-800-489-3075 Email : sales@hexaresearch.com Website: http://www.hexaresearch.com/

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