Intelligent Transportation Systems Market - Industry Shares, Market Strategies And Key Players

Much of the growth of the global market for intelligent transportation systems is derived from the significant rise in the number of travelers across the world. The considerable increase in travel and tourism industry is also boosting the growth of this market positively and the trend will continue in the near future. According to Transparency Market Research (TMR), the worldwide market for car rental is estimated to expand at a CAGR of 12.70% over the period from 2016 to 2024. Rising at this pace, the overall opportunity the market is anticipated increase from US$20.22 bn in 2015 to US$57.44 bn by the end of 2024. 
The rising focus on public safety, thanks to the increasing cases of road accidents, augmenting need for the deployment of advanced systems to manage the traffic congestions, surge in government support for efficient traffic management, and the rising demand for eco-friendly ways are the main factors that are augmenting the demand for intelligent transportation systems across the world.
Download and View Report TOC, Figures and Tables @ https://www.transparencymarketresearch.com/report-toc/1637 

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