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Intelligent Transportation Systems Market Forecast to 2022 - Scalar Market Research
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The objective of this report is to describe the market trends and revenue forecasts for the intelligent transportation systems for the next five years. The report focuses on defining and describing the key influencing factors for the growth of the market. It also offers an in-depth analysis of the market size (revenue), market share, major market segments, different geographic regions, key market players, and premium industry trends.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the intelligent transportation systems market. The scope of this report covers the intelligent transportation systems market by its major segments, which include the protocols, products, applications, and the major geographic regions.
KEY PREMIUM INDUSTRY INSIGHTS:
The key factors driving the growth of the intelligent transportation systems market include the increasing demand for public safety, the need for security and surveillance, an increase in demand for environment protection, and growth in popularity effective maritime logistics.
However, high installation expenditure, the low growth rate in the infrastructure sector, less coordination amongst the agencies is the key factors that are hampering the market.
The increase in the necessity for the smart vehicles installed with mobility services and the security services, the need for public-private partnerships, various services and solutions innovation in technology and telecommunications sectors are the major growth opportunity drivers for the intelligent transportation systems market.
Browse Report: https://www.scalarmarketresearch.com/market-reports/intelligent-transportation-systems-market
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