Intelligent Transportation System (ITS) Market Trends, Business Strat Intelligent Transportation System (ITS) Market Tre | Page 4

Intelligent Transportation System (ITS) Market to 2025 The major factor hindering the global ITS market is the slow growth of intelligent infrastructure owing to high installation cost for monitoring and controlling devices. Another key factor restricting the global ITS market is the lack of standardization and interoperability between different types of transportation and telecom technologies. However, the introduction of smart vehicles enabled with intelligent transportation system is expected to provide better driving experience, and is thus expected to contribute significantly towards the growth of the global ITS market. Another factor analyzed to propel the growth of intelligent transportation systems is public private partnerships (PPP) for advanced traffic management. Also, initiatives such as vehicle to infrastructure (V2I) and vehicle to vehicle (V2V) communication are estimated to be key factors boosting the global intelligent transportation system market. Make an Inquiry@ http://www.theinsightpartners.com/inquiry/TIPTE100000134 Contact Us : [phone]| E-Mail : [email protected]