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

Up from US$2 billion in 2019.
Smart City, Traffic, Tech, Juniper Research

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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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