What is IT Spending in Transportation Market Scope?
The United States IT spending in transportation market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly during the forecasted period. Technological advancements to enhance customer experience, growing government initiatives and PPP models for smart transportation, and rising urban population and high demographic rates are some of the major drivers propelling the growth of the market. The IT spending in transportation such as airlines, waterways, railways, and road transport have increased exponentially in recent years. To boost the commodities logistics and to offer enhanced passenger experience, there are huge IT investments are also expected during the projected period.
The IT Spending in Transportation market study is being classified by Type (Hardware, Software and Solutions and IT Services), by Application (Airlines, Waterways, Railways and Road Transport) and major geographies with country level break-up.
Research Analyst at AMA predicts that Manufacturers from United States will contribute to the maximum growth of United States IT Spending in Transportation market throughout the predicted period.
Cisco Systems (United States), GE Transportation Systems (United States), IBM (United States), Cognizant (United States), Cubic (United States), Northrop Grumman (United States), Rockwell Collins (United States), Accenture (Ireland), Siemens (Germany), Amadeus (Spain), Alstom (France), Atos (France), Capgemini (France) and Descarts Systems (Canada) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Indra Sistemas (Spain), SAP (Germany), TCS (India) and Thales Group (France).
Analyst at AMA have segmented the market study of United States IT Spending in Transportation market by Type, Application and Region.
On the basis of geography, the market of IT Spending in Transportation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 25 Feb 2019, GE announced the completion of the spin-off and subsequent merger of its transportation business with Wabtec Corporation. This merger is expected to boost the IT in transportation offering of both the companies.
- Technological Advancements to Enhance Customer Experience
- Growing Government Initiatives and PPP Models for Smart Transportation
- Rising Urban Population and High Demographic Rates
- Adoption of IoT and Automation Technologies to Enhance Technological Optimization
- Penetration of Analytics in Smart Transportation
- Stringent Transportation Regulatory Policies
- High Initial Cost of Deployment
Key Target AudienceIT Software & Solution Companies, IT Services Providers, Hardware Manufacturers, Regulatory & Government Bodies, Research & Consulting Firms, End Users and Others
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