In transportation systems and analytics market research repot, transportation system is defined as a term which is composed of the solutions, products, and applications that helps in improving the efficiency of the system. Hyper-urbanization, globalization, and constantly changing travel demand have been the growth driver behind the increasing use of advanced system. The solutions such as transportation analytics, advanced transportation control system, and management solutions are extensively used.
This market is a consolidated one, but still we see players operating independently providing a complete end-to-end solution. The applications of these solutions are used across all the verticals including roadways, railways, airways, seaways, and others.
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.
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