According to Verified Market Intelligence, the Global Intelligent Transportation Systems Market was valued at USD 20.3 Billion in 2017 and is projected to reach USD 30.92 Billion by 2025, growing at a CAGR of 5.0% from 2018 to 2025.

An intelligent transportation system is a term used to describe an application by which several technologies are implemented in order to analyze and control services in order to allow individuals to be able to make better informed as well as affect choices when it comes to transportation. The Intelligent Transportation Systems Market essentially aims to facilitate users to better manage services when it comes to transport. This service is aimed at making transportation safer as well as efficient in terms of time as well as money.



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Factors such as the increasing use of technology for facilitation by means of transport, increase in efficiency as well as cost-effectiveness are driving the market for intelligent transportation systems. Factors such as the lack of awareness about this system are retraining its overall growth in the Intelligent Transportation Systems Market.

The “Global Intelligent Transportation Systems Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as AT&T, Intel, Ericsson, Samsung, Cavium, Qualcomm, Cisco Systems, LG Electronics, Macom Technology Solutions, MediaTek, NEC, Huawei, Qorvo, Fujitsu, Vmware Inc., Juniper Networks, Verizon Communications, Nokia, and Hewlett Packard Enterprise. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.



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