Traffic management systems top earner for the smart transportation market, says report

According to Research and Markets’ latest report, smart transportation solutions have been successfully deployed in some of the metropolitan cities around the world. The solutions have proven to be proficient in diminishing the traffic congestion issues. The global smart transportation market size was estimated to be US$46.72 Billion in 2015 and is projected to reach US$138.76 billion by 2020, growing at a CAGR of 24.3 per cent from 2015 to 2020. The report, Smart Transportation Market by Solutions (Tic
August 21, 2015 Read time: 2 mins
According to 7527 Research and Markets’ latest report, smart transportation solutions have been successfully deployed in some of the metropolitan cities around the world. The solutions have proven to be proficient in diminishing the traffic congestion issues. The global smart transportation market size was estimated to be US$46.72 Billion in 2015 and is projected to reach US$138.76 billion by 2020, growing at a CAGR of 24.3 per cent from 2015 to 2020.

The report, Smart Transportation Market by Solutions (Ticketing Management, Parking Management, Traffic Management, Smart Signalling, Multimodal Information System, Passenger Information Systems, Cloud Services, Business Services) - Global Forecast to 2020, claims that 1968 Accenture, 8158 Alstom, 1028 Cisco Systems, 940 GE Transportation, 62 IBM Corporation, 509 Indra, 81 Kapsch, 6203 LG CNS Corporation and 4186 Xerox Corporation are the leading players in the smart transportation market.

Recent smart transportation market developments include the introduction of BIG-IP and Local Director traffic management software by F5 Networks and Cisco, while IBM has partnered with the 2100 New Jersey Turnpike Authority to deploy a new smart traffic system on two of its busiest highways - Garden State Parkway and the Turnpike.

LG CNS has launched a 3D CCTV camera armed with video analysis engine and equipped with smart vision sensors, which monitor and capture frequent human patterns and raise alarms in the event of an abnormality.

GE has been selected by Singapore Transport Authority (STA) to supply automated train control and supervision, signalling systems for Thomson and Eastern Lines valued at US$159 million.
Detection, Monitoring & Machine Vision

For more information on companies in this article

Related Content

  • Ticketing wins for Xerox
    June 14, 2013
    Public transport solutions provider Xerox has been successful in winning orders for its ticketing systems, most recently in Kuala Lumpur, Malaysia and Chihuahua, Mexico. In Kuala Lumpur, the company will supply its Atlas contactless ticketing system and equipment to public transport operator Mass Rapid Transit Corporation for a new railway line that will cross the urban area of the city. Over the next five years, Xerox’s field teams will deploy the ticketing system, install 300 gate controllers and 200 tick
    Read More
  • Do satellites provide a heavenly view of tolling’s future?
    December 16, 2014
    Satellite-based tolling opens up new options for authorities and can be integrated with DSRC systems as David Crawford discovers. As the proud custodian of the European Union (EU)’s longest road network covered by a single (truck) charging scheme – and the only one to include all major roads - Slovakia has become the continent’s poster-nation for the virtues of GNSS/CN (Global Navigation Satellite System/Cellular Network)-based tolling. It is also proved to be a very fast implementer. Speaking at the 2014 I
    Read More
  • Xerox makes transportation simple
    May 16, 2012
    To many, Xerox is nothing more than the ‘copy company’. For those who know better, they are now the largest provider of transportation services to governments around the world. Xerox is appearing in all sorts of unexpected places after their acquisition of Affiliated Computer Services (ACS) in 2010 and dropping the ACS name earlier this year. To help establish the company as a key player in the intelligent transportation world, Xerox chairman and CEO Ursula Burns will be the featured speaker at the 2012 ITS
    Read More
  • Xerox makes transportation simple
    May 16, 2012
    To many, Xerox is nothing more than the ‘copy company’. For those who know better, they are now the largest provider of transportation services to governments around the world. Xerox is appearing in all sorts of unexpected places after their acquisition of Affiliated Computer Services (ACS) in 2010 and dropping the ACS name earlier this year. To help establish the company as a key player in the intelligent transportation world, Xerox chairman and CEO Ursula Burns will be the featured speaker at the 2012 ITS
    Read More

Highlighted Content