Global and certain regional transportation system markets are getting familiar with technologies that usually one would not connect with transportation – Cloud, Big Data, Hadoop, Analytics, etc. being few of the many terms. With population increasing, urban numbers rising and growing demand for updating existing transportation systems, this industry is facing innumerable challenges and trying to face the same with technological advancements. The transportation system market ecosystem is evolving to attract various stakeholders other than traditional contractors and infrastructure players. To quite an extent, this is helping the public sector see few advantages of private sector as well as IT benefits generally not mapped with governments.
With research studies showing billions of dollars in value for intelligence transportation system market, the public private partnership (PPP) model is getting a boost via usage of wireless technologies and analysis tools. Covering the segments of telematics in automotive industry, traffic management systems, connected / tech cars, tracking and navigation systems, analytics and analysis of all these segments of the transportation system market, sensors, environment protection, parking management, security, freight management and much more, the ecosystem is seeing a wide range of happenings.
Regionally, while North America is dominating the intelligent transportation system market, challenges still prevail for players active in the region. For example, a recent study says transportation sector is the higher carbon polluter in US. The aim to reduce this pollution is being helped with tools and technology that need a lot of government support in terms of policies and executional changes. With technology comes the challenge of keeping things safe and secure. The transportation system market has not remained untouched by hackers that are a threat to any IT system. The latest on BBC about vulnerability of smart city transport systems highlights an incident that shows, not everything is still under control in regions where transportation system market is developing.
All this usage of technologies and tools in transportation system market needs equal participation, discipline and support not only from government but the population for whom these advancements are meant. For example, Germany’s Autobahn highway system is majorly monitored and tracked via cameras and required automated systems – this is possible only because of the strictness in Germany about driver responsibility and a majority of the population obeying defined laws, religiously. The benefits of advanced transportation system market can be availed only with equal participation and successful execution of the public private partnerships.
eMarketOrg.com has multiple market research reports on transport system for stakeholders interested in the transportation sector:
Global Smart Transport System Market Research Report 2021: 3M, Denso, EFKON, Kapsch TrafficCom, Traffic Tech Middle East, TransCore, ADDCO, Agero, DENSO, Garmin, Hitachi, International Road Dynamics, Lanner, Metro Infrasys, Mitsubishi Heavy Industries, Omron, Perceptics, SAIC, Sensys Gatso Group, Telenav, TomTom, TRMI Systems Integration, Watchdata Technologies and Xerox are companies mentioned in this 105 pages report available at http://emarketorg.com/pro/global-smart-transport-system-market-research-report-2021/ .
Global Efficient Transportation System Market Research Report 2021: Cubic, IBM, Kapsh, Oracle, Siemens, Thales, TomTom, Cellint, Garmin, NovAtel, Qualcomm and Traffic Master are companies mentioned in this 102 pages research report available at http://emarketorg.com/pro/global-efficient-transportation-system-market-research-report-2021/ .