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Smart city traffic technology revenues to more than double in next 4 years

Monday 20 May 2019 | 18:36 CET | News
Smart city traffic technology products deployed to ease chronic congestion in cities will generate USD 4.4 billion in revenue in 2023, up from USD 2 billion in 2019, according to a new analysis by Juniper Research. These products 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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Categories: General
Countries: World
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