The Department of Transportation (DOT) has said bringing Vehicle-to-Vehicle (V2V) communication technology to all vehicles could dramatically reduce the occurrence and severity of car accidents. The organization has been actively advancing V2V technology and is looking to make it a standard safety feature in future automobiles. If the proposed mandate is approved, all new vehicles manufactured after 2020 will require a V2V system. This shift toward advancing Intelligent Transportation Systems (ITS) provides opportunities for businesses not just in the automobile industry.
Safety is of primary concern for all who share the road, and communication between cars, motorcycles, buses, trucks, bicyclists, pedestrians, and the surrounding infrastructure will be key. Creating a completely connected transportation system encompassing V2V, smart bicycles, mobile devices, wearables, and smart traffic signals affords proprietors many investment avenues in the transit safety sector.
Public transportation is an essential function for increasing the quality of life for individuals living in areas where traveling by private conveyance is cost or time prohibitive. The various means of public transportation available, such as trains, buses, and taxis, grant people the freedom and mobility to travel when private transportation is not an option. This transportation option is essential to a healthy economy because it connects companies with a wider employee base. Municipalities and townships recognize the importance of public transportation, and to better serve the community they employ end-to-end efficiency and optimization software in the form of public transportation fleet management software solutions that integrate software, hardware, and communication platforms to form a robust, easy-to-use system for monitoring the efficacy of the public transportation system. A Report generated by Sandler Research titled Global Fleet Management Systems Market 2014- 2019 suggests the public transportation software market has a potential compound annual growth rate of 26.23 percent over the next five years. In order to serve the public transportation sector better, software providers should develop Automatic Vehicle Location (AVL) and Automatic Passenger Counting (APC) modules for efficient routing and scheduling systems, plus create related application modules to offer entities a better user experience for their users.
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