The Smart Transportation Market is set to grow from its current industry value of more than $41bn (£28bn) to over $130bn (£91bn) by 2024, according to a report by US-based Global Markets Insights. The growth is attributed to worldwide government initiatives for smart city development.
Findings revealed that $1bn (£70m) of connected things are mounted globally under the smart cities projects. Government mandates focused on reducing C02 emissions and protecting the environment are also assisting the growt
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