The development of Smart Transportation is accelerating as a result of increased government initiatives, the use of internet of things and automation technologies to boost technological optimization, as well as public-private collaboration models. The market for smart transportation is additionally impacted by ongoing technological advancements made to enhance customer experience as well as a rise in the use of analytics in smart transportation.
Due to a rise in urbanisation, rapid industrialization, high demographic rates, and a decline in private vehicle ownership, the mobility of a service also has a positive effect on the Smart Transportation. The development of linked vehicles that are compatible with intelligent transportation systems and the spike in demand for autonomous vehicles also offer appealing potential for major participants in the smart transportation sector.
