Page 11 - Traffic Infra Tech Magazine

NEWS

Siemens focuses on Innovation and Start-ups

iemens Innovation Day 2019 innovations for data analysis and
showcased innovative solutions machine learning.
Sthat create sustainable value Dr Roland Busch, Chief Operating
for businesses and societies. Siemens Officer, Chief Technology Officer and
experts from Digital Industries, Smart Member of the Managing Board,
Infrastructure, Gas & Power, Mobility, Siemens AG, said, “India is a key focus
Corporate Technology and Next47 also market and plays an important role
shared the latest innovations, industry in our global digitalization strategy.
trends, and demonstrated how Siemens Research and Software Development in
solutions create value for customers and India coupled with the sharpened focus
society. on Start-Up innovations through Next47
The IoT solutions developed in India will actively drive the implementation
will complement the work done at the of cutting-edge technologies. With our
MindSphere Application Centers, based unique IoT platform, comprising an
in Pune, Noida and Gurgaon where advanced technology stack, domain
software developers, data specialists know-how and an inclusive innovation
and engineers will work together with ecosystem, Siemens is well prepared to
Siemens customers to develop digital support India into the digital age.”

ITMS market to grow

ccording to a new report by Growing need to change or reshape
Fact.MR, the global market of transportation networks to avoid traffic
Aintelligent traffic management jams is anticipated to reflect favourably
systems is estimated to grow at a on the global intelligent traffic
robust CAGR of 11.8% during 2017- management systems market.
2028, and likely to surpass to a value
of US$ 31 billion by 2026-end. Rapid Rapid movement of advanced
inclination towards improving roadway technologies such as artificial
infrastructure and growing need for intelligence, robotics and others in
innovative technologies to manage North America has influenced it to
and monitor high-speed mobility in remain at the forefront of intelligent
an efficient manner are the leading traffic management systems market,
factors impacting the growth intelligent contributing an estimated revenue of
traffic management system market. more than US$ 3.9 billion in 2018.

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