Digital Lifescapes

The Internet of Things (IoT) has many use cases within the public sector, but none will likely have the positive economic impact of comprehensive smart city initiatives across the globe. A key component of these plans is transportation optimization and enhancement in congested urban areas. Berg Insight released new findings about the growing market for Intelligent Transport Systems (ITS). The market value for ITS deployed in public transport operations in Europe was €1.35 billion in 2015. Growing at a compound annual growth rate (CAGR) of 7.2 percent, this number is expected to reach € 1.91 billion by 2020. ITS Technology Market Development The North American market for public transport ITS is similarly forecast to grow at a CAGR of 8.1 percent from €0.59 billion in 2015 to reach €0.87 billion in 2020. According to the Berg Insight assessment, the market for ITS in public transport is in a growth phase which will continue throughout the forecast period. Increased funds made ava...

There's one place where the Internet of Things ( IoT ) already has a proven track record of success, that's the road transportation sector. For more than two decades, numerous Smart Cities and local municipalities around the world have used IP technologies to build systems that help to reduce traffic congestion. Some of the early pioneer projects where in progressive European nations. According to the latest worldwide market study by Berg Insight, the market value for Intelligent Transport Systems (ITS) deployed in public transport operations in Europe was €1.03 billion in 2014. Growing at a compound annual growth rate of 7.2 percent, investment in projects is expected to reach €1.46 billion by 2019. Berg Insight is of the opinion that the European market for ITS for public transport is in a growth phase which will continue throughout the forecast period. Across Europe, the fluctuating economic climate has had a limited effect on this market, as the public investments whi...

During the coming year, vague references to the Internet of Things -- and related big data analytics applications -- will start to evolve into very meaningful use-case scenarios. The metamorphosis of road transportation management is one example of this trend. Traditional smart transportation approaches to address traffic congestion, safety, pollution, and other urbanization challenges are expected to encounter scalability and efficiency obstacles by the end of this decade. Traveler information systems -- such as variable-message signs, intelligent traffic lights, camera-enforced urban tolling, and traffic monitoring centers -- will ultimately prove ineffective and prohibitively expensive. This will threaten to stall economic growth, especially in developing regions. Clearly, there's no shortage of investment in this market. According to the latest market study by ABI Research, global yearly spend on traffic management systems alone will exceed $10 billion by 2020. But both...

Emerging vehicle-to-vehicle technology based on Dedicated Short Range Communication (DSRC) -- using the IEEE 802.11p automotive W-Fi standard -- will gradually be introduced in new vehicles, according to the latest market study by ABI Research. Vehicular communication systems are a new type of wireless network in which vehicles and roadside units are the communicating nodes -- providing each other with information, such as safety warnings and traffic information. As a cooperative approach, these interactive automated systems can be used for emergency alerts -- to help avoid highway accidents and upcoming traffic congestion. This proposed technology deployment will be driven by government policy mandates and/or automotive industry initiatives, resulting in a penetration rate of 61.8 percent by 2027. "In the U.S. market there is a real possibility for a Department of Transportation mandate, depending on the outcome of the large scale V2X trial being held in Michigan," s...