Transportation spending to soar

State and local government spending on emerging technologies for intelligent transportation systems will jump from $1.8 billion in 2004 to $2.5 billion in 2009, according to an August report by Input Inc.

The Reston, Va., market researcher predicted that growth in the state and local transportation IT market will start slowly, but accelerate sharply in fiscal 2006 and hit a compound annual growth rate of 8 percent through fiscal 2009.

Spending will center on smart-highway initiatives such as real-time traffic and weather updates, comprehensive automobile tracking and universal toll collection.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our Aug. 2 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman interviews Tom Romeo, the leader of Maximus Federal about how it has zoomed up the 2019 Top 100. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.