Global Intelligent Transport Systems (ITS) Market will be worth $24.75 billion by 2017 at an estimated CAGR of 12% from 2012 to 2017: MarketsandMarkets

Global Intelligent Transport Systems (ITS) Market will be worth $24.75 billion by 2017 at an estimated CAGR of 12% from 2012 to 2017: MarketsandMarkets PR Newswire DALLAS, August 21, 2012 DALLAS, August 21, 2012 /PRNewswire/ -- According to a new market research report "Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 - 2017)" published by MarketsandMarkets (http://www.marketsandmarkets.com), the total market is expected to reach $24.75 billion by 2017, at a CAGR of 12% from 2012 to 2017. Browse 128 tables spread across 287 pages and in-depth TOC on "Intelligent Transport Systems (ITS) Market - Trends, Adoption & Worldwide Forecasts (2012 - 2017)" http://www.marketsandmarkets.com/Market-Reports/intelligent-transport- systems-its-market-764.html Early buyers will receive 10% customization on reports. The term "Intelligent Transportation System" refers to the integration of the information and communication technology to improve the transportation network related to the railways, roadways, airways, and marine transport. The major focus of the government is towards the improvement of the road transportation due to the increasing number of road accidents and congestion in almost all the countries. Increasing mobilization from the rural to urban areas is one of the major reasons behind the increasing number of vehicles on the roads, which causes traffic problems as well as pollution.