Smart Transportation Global Market Is Expected to Grow | Intelligent Transport System (ITS) Industry Technology, Demand, Analysis, Trends and Forecast Till 2020

Research Beam study says Smart Transportation market registering a growth and high trends during the forecast period, Download Sample Copy @ http://www.researchbeam.com/smart-transportation-market/enquire-about-report

Report on“World Smart Transportation Market Overview, Analysis, Demand, Report, Trends, Growth and Research – Global Smart Transportation Market (Solutions, Services, Smart/Green Fuels and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Opportunities, Segmentation and Forecast 2014 - 2020”

Smart transport, also known as Intelligent Transport System (ITS), is an advanced transportation infrastructure, which has the aim to provide innovative services for traffic and transport management system. The goal of this report is to analyze the current and expected trends of the smart transportation market as the system has garnered substantial support from government agencies. The study covers an in-depth analysis of the market based on various solutions, services and smart/green fuels segments of the market. The report analyzes opportunities in the developed and emerging economies so that companies can strategically plan their moves in specific regions.

Read More With TOC@ http://www.researchbeam.com/smart-transportation-market

Government initiatives such as the EU Directive on Intelligent Transport Systems passed on July 7 2010, to efficiently manage road traffic was introduced, as it would save time and fuel. Additionally, it can provide better safety and security by integrating intelligent communication system in the infrastructure, which is another driving factor of the market. Moreover, the ITS also aims at encouraging the development and promotion of alternative green fuels as crude oil is available in limited resources and is depleting fast. However, the key restraint for the market is the need of high capital investment as the existing transport system requires a complete revamp. Furthermore, certain downtime is required to update the infrastructure to implement smart transport system, which is a huge obstacle, as it would mean a complete halt in routine travel of passengers. The key opportunity for the market lies in the investments in smart cities as smart transportation would be an integral part of smart cities.

Smart Transportation Market Analysis by Solutions
The market is segmented on the basis of solutions such as ticketing management system, parking management & guidance system, passenger information system, integrated supervision system and traffic management system. The ticketing management system is projected to have the highest revenue share, as it is the basic system in transportation infrastructure, which was implemented easily. However, the integrated supervision system is expected to have the highest growth potential as it would reduce traffic blocks, accidents and provide better safety measures.

Smart Transportation Market Analysis by Services
The market is segmented into services such as business services, professional services and cloud services. The professional services are currently having the highest revenue share as the market requires several professional services to upgrade the existing infrastructure. However, it is expected that cloud services would have the highest growth potential as the system would generate substantial amount of data which would be stored in cloud systems.

Smart Transportation Market Analysis by Smart/Green Fuels
The market is segmented into smart/green fuels such as bio-gas, ethanol, hydrogen, wood-gas, solar-cell and others. Currently, ethanol is projected to have the highest revenue share since it is extensively used as a biofuel stabilizer in gasoline to reduce pollution. However, extensive research efforts in developing solar-cell technology as an alternative fuel are being carried out due to abundant availability of solar energy. Therefore, solar-cell is expected to have the highest market potential in the green fuels segment.

Smart Transportation Market Analysis by Geography
The geographic segmentation of the market is made on the basis of North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA). The European region is expected to have the highest revenue due to government and EU initiatives to implement ‘ITS’ across the region. However, the Asia-Pacific region is expected to have the highest market potential as the purchasing power of the emerging population is increasing, which would lead to increasing number of vehicles and complexities in traffic would require efficient management.

Competitive Landscape
The market is highly capital intensive and requires collaboration of expertise to develop the system. Therefore, the top strategy adopted by companies in the market is partnerships. The key companies profiled in the report are Accenture Plc, Alstom SS, Cisco Systems, Inc., GE Transportation, IBM, Kapsch, LG Communications, Cubic Corporation, Affiliated Computer Services, Inc. and Honeywell International, Inc.

High level Analysis
The report analyzes the potency of buyers & suppliers, threat of substitute products and new entrants based on the Porter’s five force model. Since the market is at an emerging stage, minimum options are available for the buyers, which restrict their bargaining power. The bargaining power of suppliers is high as they can negotiate with buyers according to their terms to provide solutions and services to implement intelligence in the system. Threat of substitute products is high as the market is still evolving and new technologies are being explored to develop better solutions. The market requires high capital investment and significant technical expertise; therefore, the threat of new entrants is low. The intensity of rivalry is low as companies are involved in partnerships to develop better solutions for the market. The top investment pockets are evaluated based on the market estimations of each segment. The key strategies adopted by the companies are analyzed in detail to give implications of the competitive scenario.

KEY BENEFITS
Extensive analysis of the factors that drive and limit the growth of the market are provided
The report discusses key trends about the future of smart fuels such as bio-gas, ethanol, hydrogen, wood-gas and solar-cell
Market estimations are done according to the current market scenario and projected trends for the period between 2014 and 2020 with 2013 as base year
Deep dive analysis of various geographies would give an understanding of the trends in various regions so that companies can make region specific plans
In-depth analysis of segments such as solutions and services provide insights that would allow companies make strategic business plans
The meticulous discussion of the supply chain participants of the market is provided in value chain analysis

KEY DELIVERABLES
The market is segmented into solutions, services and geographies as follows:

MARKET BY SOLUTIONS
Ticketing Management System
Parking Management & Guidance System
Passenger Information System
Integrated Supervision System
Traffic Management System

With the arsenal of different search reports, Research Beam helps you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency. With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.

5933 NE Win Sivers Drive, #205, Portland, OR 97220

This release was published on openPR.