Smart Transportation Market - Global Opportunity Analysis and Industry Forecast (2021-2028)
Meticulous Research ® – leading global market research company published a research report titled “ Smart Transportation Market by Transportation Mode, Product Type (Solution & Services), Application (Mobility as a Service, Route Information, Route Guidance, Public Transport, Transit Hubs, Connected Cars), and Region – Global Forecast to 2028.” According to this latest publication from Meticulous Research ® , the global smart transportation market is expected to grow at a CAGR of 17.5% from 2020 to 2028 to reach $33.6 billion by 2028. The growth of the smart transportation market is majorly attributed to the factors such as rapid urbanization and increasing demand for efficient transportation, rising government focus on reducing greenhouse gas emissions and curbing alarming levels of traffic congestion, and increasing investments in smart city projects. In addition, the emergence of autonomous vehicles is also offering significant growt...