Smart Transportation Market Analysis and Future Growth, Forecast 2028
Congestion and Traffic Management and Environmental Concerns are the factors propelling the market growth. According to TechSci Research report, “ Global Smart Transportation Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028” . Global Smart Transportation is anticipated to project robust growth in the forecast period with a CAGR of 6.03% through 2028. Increasing traffic volume, government initiatives aimed at decreasing the effects of greenhouse emissions, rising city projects, and the rise of megacities, urbanization, and population are some factors driving the market growth. Increasing urbanization reflects the growing complexities in cities worldwide, with transportation needs being one of them. One of the primary issues the transportation market faces is resolving this complexity. The trend of a rising number of IoT and linked devices is projected to continue with smart city projects during the projection period. The increased use of linke...