ACCORDING TO A RECENT REPORT, THE USE OF SMART TRANSPORTATION SYSTEMS, SUCH AS NEXTBUS, CONTINUES TO GROW ACROSS THE WORLD
Many transportation systems are going through an evolution due to high tech communication and acceptance in major cities across the globe. This is due to both the widespread ability of high speed networks, along with the ability to include intelligent data on mobile devices. For instance, NextBus real time bus arrival information can easily be accessed through a mobile device in an instant. The data is accurate, informative, and instantaneous.
A recent report conducted by Pike Research, global investment in four key applications for smart transportation systems will total $13.1 billion between 2011 and 2017. The report, “Smart Transportation Systems” recognizes the heavy investment in smart transportation. Senior analyst Lisa Jerram explains,
“Even as governments seek to reduce their debt, ITS will not see significant cutbacks and will, in fact, benefit as transportation agencies seek to optimize their existing infrastructure, rather than fund major new capital projects. Cities, transit operators, and other owners of transportation assets see smart transportation technologies as tools to help them enhance mobility, reduce fuel consumption and emissions, improve safety and strengthen economic competitiveness.”
The Executive Report can be found here: http://www.pikeresearch.com/research/smart-transportation-systems