Smart Transportation Market Overview, Growth and Forecasts-2025
The Smart Transportation Market size is projected to grow from USD 94.5 billion in 2020 to USD 156.5 billion in 2025, at a Compound Annual Growth Rate (CAGR) of 10.6% during the forecast period. The major factors driving the growth of the smart transportation market include the technological advancement to enhance customer experience, growing government initiatives and PPP models for smart transportation, rising urban population and high demographic rates, and growing adoption of IoT and automation technologies to enhance technological optimization.
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