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on March 12, 2024
IMARC Group's report titled "South Korea Smart Transportation Market Report by Solution and Services (Solution, Services), Transportation Mode (Roadways, Railways, Airways, Maritime), Application (Mobility as a Service, Public Transport, Transit Hubs, Connected Cars, Video Management, and Others), and Region 2024-2032".As per the study, the South Korea Smart Transportation Market is expected to continue its growth trajectory during the forecast period (2024-2032).
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/south-korea-smart-transportation-market/requestsample
The South Korea smart transportation market is experiencing significant growth, primarily driven by the government's strong commitment to developing intelligent transportation systems (ITS) and the country's technological resources. Additionally, the growing adoption of smart transportation solutions, due to the escalating need to manage increasing traffic congestion in urban areas, enhance road safety, and reduce environmental impacts, is further propelling the market growth. Apart from this, the integration of advanced technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and 5G connectivity, which facilitate real-time traffic management, automated toll collection, and advanced public transit systems, is acting as a significant growth-inducing factor.
Moreover, the growing focus on sustainable urban development has led to the promotion of electric vehicles (EVs) and the expansion of EV charging infrastructure, which is further fueling the market growth. Additionally, the ongoing initiatives by the government in building smart cities, as these urban centers are designed to incorporate smart mobility solutions, including autonomous vehicles, smart parking systems, and interconnected public transport networks, are acting as other significant growth-inducing factors. Besides this, the increasing collaborations between government bodies and leading South Korean technology companies, are creating a positive outlook for the market. These collaborations are essential for developing and implementing cutting-edge transportation solutions that are efficient, sustainable, and user-friendly. Additionally, the rising demand for seamless and integrated mobility services among the South Korean population, who are tech-savvy and environmentally conscious, is expected to propel the South Korea smart transportation market in the coming years.
South Korea Smart Transportation Market Report Segmentation:
Solution and Services Insights:
- Solution
- Hybrid Ticketing Management System
- Parking Management and Guidance System
- Integrated Supervision System
- Traffic Management System
- Others
- Services
- Business Services
- Professional Services
- Cloud Services
Transportation Mode Insights:
- Roadways
- Railways
- Airways
- Maritime
Application Insights:
- Mobility as a Service
- Public Transport
- Transit Hubs
- Connected Cars
- Video Management
- Others
Regional Insights:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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