10 Most Promising Smart Transportation Solutions Providers - 2022

Smart transportation is becoming popular, given the technology's ability to ease congestion and improve road safety by effective monitoring and management of vehicular traffic. The global smart transportation market size is expected to grow from $94.5 billion in 2020 to $156.5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.6 percent during the forecast period. Smart transport or intelligent transport is an advanced transportation infrastructure that aims to provide innovative traffic and transport management systems services. The emergence of cloud-based technologies and advances in vehicle-to-vehicle (V2V) and vehicle-to-grid infrastructure (V2I) have made smart transportation realty. It has various applications such as parking management & guidance, passenger information, and traffic management.

Intelligent transportation systems (ITS) are superior applications that provide ground-breaking services related to transport and traffic management modes. It enables multiple users to be more coordinated and better informed using several technologies such as car navigation, traffic signal control systems, speed cameras, and other real-time data & computational technologies. It has the advantage of enabling users to make safer and batter use of transport networks.

This has become the need of the hour with the rise in demand for efficient transportation with increasing population, overcrowding roads and never ending traffic blocks. As everyone is becoming more busy, people are looking for new methods with the help of technology, to find appropriate solution and make the movement easier.

CIOTechOutlook in this issue presents a list of '10 Most Promising Smart Transportation Solutions Providers - 2022' who have leveraged their extensive industry expertise and experience in providing excellent services. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable product and services.

We present to you CIOTechOutlook 10 Most Promising Smart Transportation Solutions Providers - 2022.