ITS Market to Grow at 13% CAGR to 2022: Key Players Are Agero, DENSO Corporation, Hitachi, Nuance Communications, Garmin International, Iteris, Siemens
Internet of things, big data, analytics, and mobile technology have significantly marked their presence across various industries. Automotive industry which is booming with the rapid increase in population is now much of a technology revolutionized space. With the growing number of vehicles, there has been an immense demand for road safety and traffic management to enhance user travel experience. This rising demand to improve transport efficiency has positively impacted the growth of Intelligent Transport System in the automotive industry.
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