The global smart transportation market is growing at a significant CAGR of around 9.8% during the forecast period (2020-2026). Smart transportation refers to the integrated application of modern technologies and management strategies in transportation systems. Smart transportation includes the use of several technologies, from basic management systems such as car navigation; traffic signal control systems; container management systems; automatic number plate recognition or speed cameras to monitor applications, such as security CCTV systems; and to more advanced applications that integrate live data and feedback from a number of other sources. The evolution of intelligent transportation systems is providing a growing number of technology solutions for transportation managers, to operate and maintain the systems more efficiently and improve performance.
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The global smart transportation market is growing at a significant CAGR of around 9.8% during the forecast period (2020-2026). Smart transportation refers to the integrated application of modern technologies and management strategies in transportation systems. Smart transportation includes the use of several technologies, from basic management systems such as car navigation; traffic signal control systems; container management systems; automatic number plate recognition or speed cameras to monitor applications, such as security CCTV systems; and to more advanced applications that integrate live data and feedback from a number of other sources. The evolution of intelligent transportation systems is providing a growing number of technology solutions for transportation managers, to operate and maintain the systems more efficiently and improve performance.
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Global Smart transportation Market-Segmentation
By Transportation Mode
- Railways
- Roadways
- Airways
- Maritime
By Application
- Ticketing Management System
- Parking Management System
- Traffic Management System
- Others (Integrated Supervision System)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)