Intelligent Transportation System Market
Trend & Growth Rate Report
Intelligent transportation system is type of integrated application of communication and information
technologies which provide highly efficient transportation related services. This system has various
advantages such as operational efficiency, maintaining sustainability of transportation network,
enhancing road safety, and reducing traffic congestion
Increase in adoption of smart transport systems to reduce traffic congestion problems and favorable
government initiatives are the key driving factors which are expected to boost global intelligent
transportation system market growth. Furthermore, increase in number of vehicles on road, aging
infrastructure, and lack of traffic data management will have the positive impact on market growth.
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In the report, Intelligent Transportation System Market has been analyzed
through a segmental perspective. The market segmentation allows a deeper
understanding of the market hotspots.
Moreover, growing adoption of IoT to transform the transportation industry through automating
airways, roadway, and railway transportation system and offer better user experience which is
expected to propel the market growth during this forecast period.
However, slow infrastructure growth is the major restraining factor which is expected to hamper the
global intelligent transportation system market growth. Also, high cost on installation and lack of
standards will affect the market growth.
Global Intelligent Transportation System Market is segmented into type such as Advanced Traffic
Management System, Advanced Traveler Information System, Advanced Public Transportation
System, and Others, by offering such as Hardware, Software, and Services, by protocol such as Short
Range, Long Range, IEEE, Traffic Management Data Dictionary