Smart transportation solutions and services

Interesting to observe that, the global vehicular usage has been surging at a rapid rate and this calls for various solutions to address the emerging problems such as congestion, accidents, and infrastructure scaling which enhances the application of smart transportation solutions and services.

Growing need for reduction of greenhouse gas emission and supportive government initiatives are also at the core of stakes.

The smart transportation market size was estimated to be USD 46.72 billion in 2015 and is projected to reach USD 138.76 billion by 2020, growing at a CAGR of 24.3%, according to Research and Markets.