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Smart Transportation Market - New Development, Innovative Transportation, Market Network and Intelligent Transportation System
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Albert Morris
Sep 19, 2017, 7:19:38 AM9/19/17
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Smart transportation or intelligent transportation system (ITS) is an innovative transportation structure that aims to provide new services for traffic and transport management systems. Smart transportation enables several users to be more organized, and make safer and smarter use of transport networks. This system is applicable in parking management & guidance, passenger information, and traffic management. The increasing adoption of smart technologies in the transportation infrastructure and also the demand of integrated security and safety system for improving public safety will drive the smart transportation market in future. The factor that can act as a restraint in the growth of the market is the requirement of a huge investment for replacing the existing infrastructure with the smart technological system. However, the increasing adoption of smart phones in developing countries create new opportunities in the market of smart transportation in the forecast period.
Smart transportation or intelligent transportation system (ITS) is an innovative transportation structure that aims to provide new services for traffic and transport management systems. Smart transportation enables several users to be more organized, and make safer and smarter use of transport networks. This system is applicable in parking management & guidance, passenger information, and traffic management. The increasing adoption of smart technologies in the transportation infrastructure and also the demand of integrated security and safety system for improving public safety will drive the smart transportation market in future. The factor that can act as a restraint in the growth of the market is the requirement of a huge investment for replacing the existing infrastructure with the smart technological system. However, the increasing adoption of smart phones in developing countries create new opportunities in the market of smart transportation in the forecast period.
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