Why the Growth in Intelligent Transportation Systems?
Government investment in providing systems to help ensure safe and efficient travel leaves the Intelligent Transportation Systems (ITS) industry incredibly busy.
As you likely know, ITS is the merger of infrastructure, along with communications, tracking and IT solutions working together to provide transportation networks. For the purposes of this review, we have included Advanced Transportation Management Systems (ATMS), as well.
In 2018, the Intelligent Transportation Systems market in the U.S. was at an estimated $10 billion. Forecasts show there will be a steady increase in the years to come. Federal, state, and local agencies will have a considerable impact on the investment in the materials, services, solutions, and expertise to effect the required ITS strategies. By including the bids labeled ‘ATMS’, the solicitation activity grows even more. Contact BidPrime for a market analysis on ITS.
Bill Culhane, our VP of Marketing, teamed with Kevin Henderson, our Digital Marketing Specialist, and our industry researchers, to look at the latest on ITS and related government purchasing.
Note: As Bill mentioned in the video, he had a discussion about U.S. infrastructure with Brian Pallasch, the Managing Director of Government Relations and Infrastructure Initiatives, from the American Society of Civil Engineers (ASCE). Go to the following to listen to their conversation:
Over the past year, the U.S. public sector has issued multiple, new bid requests / RFPs specific to ‘Intelligent Transportation Systems’, each day. Currently, when you add in the related solutions and services, as Culhane pointed out, the overall number of pertinent requests soars to the many hundreds. Check out the small sample below.
For your own review, visit BidPrime’s database.
ACTIVE RELATED BIDS/RFPs
Intelligent Transportation Systems
Bill suggests, and he is correct, regardless of any significant, single piece of legislation, infrastructure projects will be undertaken. Throughout the United States, there aren’t many locales that won’t be impacted, in some way. Businesses that are involved in infrastructure and who stay in the know on what’s going on will have a significant advantage over those hanging out on the sidelines or in the dark.
Again, to review the ITS-related bid requests / RFPs, and associated bid specifications, contact us at 888.808.5356, or visit BidPrime.