Smart city transportation is an ever-evolving category with many names. City transportation assets are basically cars, scooters, roads and public transit (trains, buses, etc.). But injecting “smart” into the equation opens the door to a whole host of other possibilities like autonomous vehicles, V2X (vehicle talking to everything), smart parking, multi-modal transit, traffic management, e-hailing and more. And, as more city assets are able to communicate with each other, advanced scenarios are also foreseeable – for example, vehicles or traffic lights alerting city emergency and information services that an accident has occurred or that the air quality in a particular location is at unsafe levels. Getting to this level of smart will require an IT architecture where data can be securely processed at the digital edge with governance models that address data privacy concerns.
Allied Market Research projects the global smart transportation market will reach $238 billion by 2022.Supportive legislation, such as the EU Directive on Intelligent Transport Systems (ITS), is expected to help Europe retain the largest share of the market, while Asia-Pacific will grow the fastest, reflecting strong smart city growth in that region. In the U.S., legislative support is coming largely from the state level, enabling local testing to move forward. Industry consortiums such as 5GAA, which Equinix is a member of, are also playing a major role in advancing smart transportation solutions because they bring together the different players needed to make them work. Most solutions, like the connected vehicle category below, will depend on collaborative digital ecosystems of participants that can share data and insights with one another.
Data and more data is a common theme
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