According to an article published by Markets Insider, the market value for global intelligent highway systems is expected to reach approximately $44 billion by the year 2022. With the use of wireless and cloud based technologies increasing among traffic systems and vehicles, whether it's with automatic plate recognition and security systems, several researchers believe that this live data obtained from these systems may be used to prevent future accidents. One major challenge these systems face is the integrating new transportation management systems with the variation of current systems that exists in different countries. Intelligent Highway Solutions Inc. (IHSI) is one of the leading companies in developing and maintaining multiple transportation systems in the U.S. Although the article does not specify what technologies will be used to further improve roads over the next 5 years, IHSI appears to be one of the more appealing companies as transportation methods continue to advance.
Here is the article: http://markets.businessinsider.com/news/stocks/Global-Intelligent-Highway-System-Market-Will-Reach-USD-43-700-63-Million-by-2022-Zion-Market-ResearchAccording-to-the-report-the-global-intelligent-highway-system-market-was-valued-at-1002368639
Some questions that I had after reading the article were:
- What technologies (physical or wireless/cloud-based) does IHSI have in store to improve intelligent transportation highway systems and traffic management systems?
- What methods might IHSI use in order to manage the information and data they receive from this new technology?
- For countries with older, more outdated systems, how might IHSI and other companies transition these systems to configure and adapt to the new technologies being introduced?
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