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The Smart City Market statistical report, published by Market Research Future contains succinct information on the Smart City market of smart signaling, segmented by Region (North America, Europe, Asia-Pacific, and Others) and forecast from 2016-2022. The various factors driving the Smart City market are Increasing Urbanization, a large aging population, increasing environment concern and resource scarcity.
Smart signaling can be referred to the combination of traditional traffic lights with sensors and artificial intelligence to smartly route vehicles and pedestrian traffic. The smart signals communicate with each other and adapt to changing traffic conditions to reduce the amount of time that cars spend idle. Smart signals have high setup costs but can solve many traffic issues. Thus, the existing signals are being replaced by smart signals at large.
North America Smart City Market by Smart Signaling of Transport by Region is expected to reach USD 16.27 Billion by 2022 with a CAGR of 30.82%
FIGURE 1 GLOBAL Smart City MARKET, by smart signaling in transport segment, by region, 2016 Vs 2022 (USD Billion)
Table of Contents
1. Info graphics Information
1.1 Global Smart City Market, by Smart Signaling in transport segment,
by region, 2016 VS 2022 (USD Billion)
3. Global Smart City Market, by Smart Signalling in transport segment, by region, Market Data
List of Tables
Table 1 Global Smart City Market, by Smart Signaling in transport segment, by region, 2016-2022 (USD Billion) ………..5
List of Figures
Figure 1 Global Smart City Market, by Smart Signaling in transport segment, by region, 2016-2022, (USD Billion)………..6