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Intelligent Transportation System (ITS) Market 2016: Global Industry Review, Research Patrick Peterson Shirt , Statistics, a Marketing Articles | August 4, 2016

Global Market Research Report on Intelligent Transportation System (ITS) Market 2016 is a professional and in-depth complete study on the current state of the Intelligent Transportation System (ITS) worldwide.



The increasing number of mega cities and the population growth in developed and developing countries has increased the importance of deploying an Intelligent transport system (ITS). ITS system constitutes both, road transport and an efficient metrounderground rail system. ITS involves the revamp of overall technological aspects such as GPS Larry Fitzgerald Shirt , Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) etc. Globally, the concerned government departments understand the importance of implementing an efficient ITS system, which is an important driving factor for the market growth.


Therefore Chandler Jones Shirt , these departments are formulating specific programs and taking initiatives to implement the system. For example, the U.S. Department of Transport (DOT) is focusing on intelligent infrastructure, intelligent vehicles and integration of these two factors. The DOT has started a Federal ITS program that would make research initiatives, investigative study and support the deployment of the system through systematic investment. Additionally Josh Rosen Shirt , an efficient transport system would assist in controlling traffic congestions and increase environmental benefits by reducing pollution, and these factors act as other major drivers for the market.


However, the major restraint for the market growth is the slow growth of infrastructure, especially in the developing regions of the world due to the high cost of installation. Another key restraint for the growth of the market is the lack of standards and negligible interoperability between the various modes of transport and technologies. To address these challenges David Johnson Shirt , various government sectors and key players in the market are forming strategic private-public partnerships. Furthermore, the major opportunity for the market lies in the development of smart vehicles that would operate on intelligently controlled roads by deploying state of art infrastructure and latest technologies.


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