Smart Transportation Market growing at a CAGR of 12.6% from 2022 to 2030
Smart Transportation Industry Overview The global smart transportation market size is estimated to reach USD 285.12 billion by 2030, growing at a CAGR of 12.6% from 2022 to 2030, according to a new study by Grand View Research, Inc. The need for an efficient management system is predicted to increase with the growing number of on-road cars and the reducing efficiency of existing transport infrastructure. Favorable government initiatives for building better infrastructure and smooth running of existing transport systems are expected to boost the market growth. Smart Transportation Market Segmentation Grand View Research has segmented the global smart transportation market based on solution, service, and region: Based on the Solution Insights, the market is segmented into Ticketing Management System, Parking Management System, Integrated Supervision System, and Traffic Management System. The traffic management segment accounted for the largest market share of...