[256 Pages Report] MarketsandMarkets expects the transportation systems 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.

Globalization, hyper-population, and demand for high travel convenience have created the need for efficient transportation system. The increasing use of analytics and advanced transportation control system along with the system integrators are helping to get rid of various problems associated with transportation system. The applications derived from the technologies are benefiting the users greatly and more innovations are expected in the years to come.

The Transportation Systems market and Transportation Analytics market research report provides an in-depth study of driving forces, restraints, and challenges for this market. It also provides insights into the strategies of key vendors. The report also analyzes global adoption trends and future growth potentials across different regions. The key vendors involved in this market are IBM, Oracle, Siemens, Hexagon, NovAtel, and TomTom.

This report segments the Transportation Systems market and Transportation Analytics market by solutions, applications, products, verticals, and geographical regions. It categorizes the global Transportation Systems market to forecast the revenues and analyzes the trends in each of the following submarkets:

On the basis of solutions:

Analytics solution

Advanced transportation control system

Management solutions

On the basis of applications:

Remote sensing

Transit management

Traffic incident management

Others

On the basis of products:

Displays

Traffic sensors

Electronic access

Mobility

Others

On the basis of verticals:

Roadways

Railways

Airways

Seaways

Others

On the basis of region:

North America (NA)

Europe (EU)

Middle East and Africa (MEA)

Asia Pacific (APAC)

Latin America (LA)

Transportation systems and analytics discuss about how the analytic solution, advanced transportation control system, and management solutions capabilities aid in taking the real-time decisions. These solutions and applications provide businesses with various benefits which include making faster and smarter business decisions with advanced analytics and improved customer satisfaction with on-time delivery performance. Looking at the vast networks of the transportation systems which include road, rail, air, and sea smart initiatives have been taken, which brings together the physical and digital infrastructure providing intelligent networks. The solutions and applications are needed to address the challenges arising from the intelligent networks such as improving operational efficiency along with reducing environmental impacts and assuring safety and security.

Increase in population and migration of the people from rural areas to the cities are the major factors of traffic congestion. Traffic congestion reduces the efficiency of transportation infrastructure and also increases the traveling time, fuel consumption, and air pollution. To overcome this problem, many countries such as the U.S., Germany, U.K., Japan, and others are deploying transportation analytics solutions.

The global Transportation Systems Market and Transportation Analytics 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.

MarketsandMarkets expects the Transportation Systems 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.

Transportation Systems Market Size, by Types, 2013�2018 ($Billion)

Source: MarketsandMarkets Analysis

The table given above highlights the market size on the basis of types, from 2013 to 2018.

Transportation Systems Market, by Types, 2013�2018, Y-O-Y (%)

Source: MarketsandMarkets Analysis

The figure given above highlights the Transportation Systems Market and Transportation Analytics market on the basis of types from 2013 to 2018. The market by types comprises solutions, applications, and products. For the period 2013�2014, solution is expected to experience the highest Y-o-Y of 16.00%.