Abstract
Intelligent transport systems (ITS) are seen as a high-growth segment
within the transport sector, as information and communication
technologies (ICT) push their way through different industries. ITS
products and services has been developed, and its myriad benefits has
been introduced which are promising for new business opportunities and
investors. Its economic importance has also been recognised as well and
many analyst reports show significant growth projections for the ITS
market as a whole. This paper attempts to make the first quantitative
and empirical analysis of the ITS industry in Finland. The Finnish ITS
market had a significant growth in 2007 but has since then been very
slowly been turning upwards from the negative growth observed in 2008
and 2009. The fast growing firms have clearly been showing good growth,
whereas the weakest performers seem to have a continuous declining
trend. The Finnish ITS supply market had an aggregate turnover of
approximately EUR300 million and around 1700 employees in 2010.
| Original language | English |
|---|---|
| Pages (from-to) | 158-167 |
| Journal | Technology and Investment |
| Volume | 3 |
| Issue number | 3 |
| DOIs | |
| Publication status | Published - 2012 |
| MoE publication type | A1 Journal article-refereed |