Global Roadways & Railways Intelligent Transport Systems Market

Bharat Book Bureau provides the report, on “Global Roadways & Railways Intelligent Transport Systems Market”. This report component along with the business & cloud services and Support and Maintenance services. https://www.bharatbook.com/transportation-and-logistics-market-research-reports-774841/global-roadways-railways-intelligent-transport-systems.html

Bharatbook.com announces a report on “Global Roadways & Railways Intelligent Transport Systems Market”. This report different types of mode of transport discussed in the report include roadways, railways, aviation and maritime.

Intelligent transportation system is an integration of communication system and information technologies, designed primarily for improving safety, security and efficiency in transportation network. It is an advanced system form of system that would eventually gain over traditional form of transportation systems.

The market size of global Roadways & Railways Intelligent Transport Systems market is estimated to be USD 21,313.8 Million in 2015 and is expected to attain a market size of USD 22,179.4 Million in 2016. The market is expected to grow at a CAGR of 6.0% during the forecast period (2016 2022). In 2015, North America dominated the global ITS market. The region generated revenue of USD 10,550.3 Million in 2015. LAMEA on the other hand is expected to register a highest CAGR of 9.9% during the forecast period (2016-2022). The Europe region is expected to grow at a CAGR of 5.3% during the forecast period. The Asia Pacific region would witness a growth of 9.0% CAGR from time period 2016 2022.

The developing regions have many impediments to growth, and road traffic jams have and will be a major problem causing massive delays, increased fuel wastage and monetary losses. The fast changing regional landscape has led to poorly planned road networks. Due to unplanned road networks, small critical areas become the hot-spots for congestion and ineffective and poor traffic management...