Smart city traffic technology will generate US$4.4 billion by 2023 - Juniper Research

Smart city traffic technology will generate US$4.4 billion by 2023 - Juniper Research
Published: 9 June 2019 - 8:31 p.m.
By: CommsMEA staff writer
Chicago in the US.

New analysis by Juniper Research has found that smart city traffic technology solutions deployed to ease chronic congestion in cities will generate $4.4 billion in revenue in 2023.

This is up from $2 billion in 2019.

These solutions typically use sensors in combination with machine learning software algorithms to dynamically alter traffic light phasing according to traffic levels, smoothing urban traffic flows.


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