The transportation system comprises of all the verticals including roadways, railways, airways, seaways, and others. In 2013, roadways accounts for the highest market share. However, in the year 2018, the revenue from roadways is expected to be comparable to that from railways.
The Year-over-Year (Y-o-Y) growth rates of roadways will be on the higher side throughout the forecast period. Few high-growth markets are railways, seaways, airways, and others.
The key playing fields are transportation analytics in the transportation systems market. Transportation analytics makes it possible to transform trapped data and images into meaningful information. It has widespread applications in parking management, traffic management, emergency management, asset management, and infrastructure management.
Slow growth of the infrastructure, high installation cost, and lack of market education are the challenges out in the transportation industry. Majority of the challenges in this market are specific to the application environment.
There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging Asia Pacific (APAC) regions.
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