Smart Transportation Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015 - 2021
56 Page Report
Smart Transportation Market is Expected to Reach USD 176.49
billion in 2021 : Transparency Market Research
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Smart Transportation Market
Smart transportation uses information technology and artificial intelligence to efficiently manage and
coordinate transportation systems. The application of smart transportation network allows the travelling
population to have better knowledge of the traffic for better coordination. In addition, the use of smart
transportation also ensures safety for the drivers. The market is experiencing growth due to their
increasing demand across all geographic locations.
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The global smart transportation market is expected to grow significantly during the forecast period. The
market is primarily being driven due to the rising demand for efficient transportation networks across the
globe. In addition, the growth in sale of automobiles is resulting in traffic congestion. This in return is
creating the demand for smart transportation market. Furthermore, the application of smart transportation
systems ensures safety of the drivers. The rising awareness for safety is ensuring the need for better road
safety standards which fuelling the need for smart transportation systems. Various governments such as
the UK government have shown their interest to implement smart transportation networks across their
countries. Moreover, the emerging idea of building smart cities is...