Displaying items by tag: smart traffic

Wednesday, 08 November 2023 10:18

Smart traffic management spending to boom by 2028

By 2028, smart traffic management spending will jump by 75% from US$10.6 billion in 2023, driven by increasing government funding for smart cities’ initiatives with transportation being at the centre of urban transformation projects, according to market research firm Juniper Research.

Published in Internet of Things

Service revenues from low-power IoT technologies will exceed US$2.6 billion by 2024, rising from only US$290 million in 2019, a growth of 800% over the next 5 years, according to a new report.

Published in Internet of Things

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