Smart Transportation Explored in Market Report and Toronto Conference

If you watch the video inter­view above with Ter­ry Dun­can of Mahin­dra Gen­Ze, you’ll hear more about social changes, espe­cial­ly urban­iza­tion around the world, that is impact­ing trans­porta­tion. Con­sumers and orga­ni­za­tions want to know their alter­na­tives and are will­ing to inte­grate these trans­porta­tion modes into their lifestyles, includ­ing fleet and per­son­al vehi­cles, tran­sit, bik­ing, and walk­ing. It’s typ­i­cal­ly referred to as “smart trans­porta­tion” and is being embraced by automak­ers, gov­ern­ment agen­cies, and trans­porta­tion pro­fes­sion­als.

Nav­i­gant Research issued a report on smart trans­porta­tion cov­er­ing glob­al smart city projects around the world. This came out soon after the annu­al Meet­ing of the Minds took place in Toron­to last month. Meet­ing of the Minds has been bring­ing togeth­er urban sus­tain­abil­i­ty and con­nect­ed tech­nol­o­gy stake­hold­ers since 2007.

Nav­i­gant Research thinks the glob­al smart city tech­nol­o­gy mar­ket will grow from $6.1 bil­lion in rev­enue last year to $20.2 bil­lion by 2020. New projects include invest­ment in smart grid, urban mobil­i­ty, water man­age­ment, and gov­ern­ment ser­vice appli­ca­tions for smart cities. Fore­cast­ers see urban­iza­tion as a major trend around the world impact­ing trans­porta­tion in sig­nif­i­cant ways.

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