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Global Transportation IT Spending Market 2015-2019 - Key Vendors are Accenture, Cisco Systems, Cubic, GE Transportation Systems, IBM & SiemensDUBLIN, Feb .19, 2015 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/s4s5lp/global) has announced the addition of the "Global Transportation IT Spending Market 2015-2019" report to their offering. The analysts forecast the Global Transportation IT Spending market to grow at a CAGR of 4.26% over the period 2014-2019 The Transportation sector comprises of airlines, trucking companies, waterways, railways, and road transport. This sector's performance depends on the changes in the prices of oil. IT has been playing an essential role in the transformation of the Transportation sector. The rising oil consumption, depleting natural resources, shortage of oil reserves, and increasing demand for vehicle fuels have forced various countries to explore alternate ways to improve efficiencies. As a result, countries are focusing on increasing the adoption of IT in transportation system. One major trend upcoming in this market is the rise in adoption of business intelligence solutions. Governments and private firms collect and analyze data with BI software to help them gain an insight into the market, which helps them in making important decisions. Further, the report states that the resistance to accept the benefits of IT and the lack of technically experienced people in this sector are posing a challenge to the growth of the market. Installation of IT systems in the Transportation sector is a long-duration project because of customization. This requires acceptance of technology and realization of the benefits associated with the use of IT systems. The Global Transportation IT Spending market can be segmented into three: Hardware, Software and Solutions, and IT Services. Key Vendors
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For more information visit http://www.researchandmarkets.com/research/s4s5lp/global Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-transportation-it-spending-market-2015-2019---key-vendors-are-accenture-cisco-systems-cubic-ge-transportation-systems-ibm--siemens-300038421.html SOURCE Research and Markets |