BIS Research - Emerging Technology Market Intelligence

Developing Global ITS Market: The Solution To Space And Traffic Congestion Woes

Mar 27, 2017 1:28:51 AM / by BIS Research posted in Automotive, ITS Market Analysis, Global Intelligent Transportation Systems Market, Global Intelligent Transportation Systems Market R, Global ITS Market, Global ITS Market Forecast, Intelligent Transportation Systems Market, Intelligent Transportation Systems Market Research, ITS, ITS Market

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The growing population has led to space congestion within the city limits, which in turn has increased the need of a more sophisticated and advanced systems to manage traffic and space. Thus, the emerging technology of intelligent transportation system (ITS) has come to the rescue. The overall demand for ITS has increased owing to the aforementioned factors and the global intelligent transportation system market is expected to rise at a CAGR of 7.9% over the period of 2016 to 2022.

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