A report from Technavio said the decreasing price of connected devices is expected to fuel the market and highlights the smart governance and education segments as key areas for growth.
The increase in traffic congestion, together with the rise in the number of road accidents, is expected to drive the growth of the ITS market between now and 2024.
Smart cities will be a major driver of the expansion with APAC expected to register the highest incremental growth due to increasing technology awareness by governments.
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