Global Smart Transportation Market to cross $130bn by 2024 Smart Transportation Market

Smart Transportation Market to cross $130bn by 2024: According to the new technology research report “Smart Transportation Market”, by Global Market Insights, Inc. says Smart Transportation Market to exceed USD 130 billion by 2024, driven by adoption of connected vehicles for enhancing public safety and security. Subject to the extensive and swift adoption of intelligent mobility solutions across major cities around the globe, smart transportation market has been treading along a lucrative growth path in the recent years. In addition to the advent of these smart technologies, a remarkable increase in governmental patronage and financial support toward revamping transportation industry can be accredited to the rapid progression of this business space. Elaborating further, the robust penetration of smart technologies in the transit space coupled with the efforts being deployed by the overall automotive industry to manufacture innovative vehicles has consequentially propelled the market share. Moreover, it would be prudent to mention that numerous governments, particularly across the emerging economies, appear keen to invest massive amount of resources in developing smart cities. Smart Transportation Market 1 | Page