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ITS market ‘expected to reach US$24.75 billion by 2017’

According to the latest research report from research and Markets, the global intelligent transportation system (ITS) market is expected to reach $24.75 billion by 2017 at an estimated CAGR of 12 per cent. North America is seen as a market leader in the ITS market. This report deals with all the driving factors, restraints, and opportunities for the ITS market, which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of ITS a
January 10, 2014 Read time: 2 mins
According to the latest research report from 7527 Research and Markets, the global intelligent transportation system (ITS) market is expected to reach $24.75 billion by 2017 at an estimated CAGR of 12 per cent. North America is seen as a market leader in the ITS market.

This report deals with all the driving factors, restraints, and opportunities for the ITS market, which are helpful in identifying trends and key success factors for the industry. The report also profiles companies active in the field of ITS and provides the competitive landscape of the players, which covers key growth strategies, followed by all the major players. It also highlights the winning imperatives and burning issues pertaining to ITS industry. The report formulates the entire value chain of the ITS market; right from data source to the applications of the ITS.

This research report categorises the global ITS market, based on systems and applications market; it also covers the forecasted revenue from 2012 to 2017 and future applications of ITS. This report also shows the various activities that are being conducted by different institutes, universities, and non-profit organisations. It describes the deployments of ITS systems in various regions. The report describes the applications mapping in the ITS market with respect to the growth potential and adoption by the users.

The global ITS market is categorised into various systems such as advanced traffic management systems (ATMS), advanced traveller information systems (ATIS), ITS-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation. This report also describes vehicle-to-infrastructure interaction and vehicle-to-vehicle interaction.

The geographical analysis covers North America, Europe, Asia-Pacific, and ROW. In this report, North America is further segregated by countries such as the US, Canada, and Mexico. Europe is further segregated into Germany, UK, France, Italy, and others. APAC is segregated into Australia, China, Japan, South Korea, and India. ROW is segregated into Africa and Middle East.

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