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Smart traffic applications are handy, considering American cities like Chicago lose 155 hours annually to road congestion. These IoT systems collect vehicle data to determine where the jams are.
Smart transportation relies on digital systems that process a huge amount of information in the form of images, videos, audio files, text-based information, GPS and GIS data, IoT sensor data and ...
AI, IoT and computer vision bring their unique capabilities to the table to transform transportation networks and vehicles in smart cities in multiple ways.
The Smart Transportation Market size is estimated to grow from USD 120.4 Billion in 2023 to reach USD 310.65 Billion by 2030, growing at a CAGR of 14.50% during the forecast period from 2023 to 2030.
The global smart transportation market is expected to grow from $108 billion in 2021 to $124.21 billion in 2022 at a compound annual growth rate (CAGR) of 15.01%.
This year must represent a new chapter in the smart city journey. It must be a new chapter in realizing the true potential of the Internet of Things (IoT) to promote good.
Amid the COVID-19 crisis, the global market for IoT in Intelligent Transportation System estimated at US$77.8 Billion in the year 2020, is projected to reach a revised size of US$274.3 Billion by ...
It’s still early days, but affordable IoT satellite-supported innovations and small data are pointing to a smart and connected future for logistics companies seeking the efficiencies and operational ...
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