WASHINGTON and NEW YORK and LONDON, July 29, 2016 /PRNewswire/ -- The concept of self-driving vehicles has taken center stage and captured the media's attention, but a host of other fast-growing technologies also have the potential to change the transportation industry in significant ways. These findings are highlighted in a recent blog post published by MarketResearch.com.
The blog post covers four global transportation markets that are poised to achieve exponential growth by 2020, including:
Traffic management systems
Fleet management technologies
Electric vehicle charging stations
The blog notes that as the world's population grows and more vehicles fill roadways, traffic congestion and parking problems will only become more severe, increasing the demand for traffic management systems.
The global traffic management system market is expected to rise from $4.12 billion in 2015 to $17.64 billion by 2020. According to a report by MarketsandMarkets, "Parking space and toll management solutions is expected to gain maximum traction."
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