Albany, NY -- (SBWIRE) -- 05/11/2016 -- 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.

The Global Transportation IT Spending market to grow at a CAGR of 4.26 percent over the period 2014-2019. The report covers the present scenario and the growth prospects of the Global Transportation IT Spending market for the period 2015-2019. The Global Transportation IT Spending market can be segmented into three: Hardware, Software and Solutions, and IT Services. The report includes information about the geographical segmentation of the Global Transportation IT Spending market based on the three key regions: the Americas, and the APAC and EMEA regions.

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TechNavio's report, the Global Transportation IT Spending Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the Global Transportation IT Spending market landscape and its growth prospects in the coming years. The report includes a detailed discussion of the key vendors operating in this market.

Key Regions
- Americas
- APAC
- EMEA

Key Vendors
- Accenture
- Cisco Systems
- Cubic
- GE Transportation Systems
- IBM
- Siemens

Other Prominent Vendors
- Affiliated Computer Services
- AirIT
- Aljex Software
- Alstom
- Atos
- Bass Software
- Capgemini
- Cognizant
- Cubic
- Damarel

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Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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