The use of technology in transport systems presents a number of opportunities for increasing the efficiency of vehicles and transport systems.
At the same time, the use of smart transport systems, as demonstrated by the Connected Corridor project, has the potential to significantly reduce traffic congestion, increase the capacity of the UK road network and improve road safety.
By 2020, the Smart Cities industry is estimated to grow to around $400bn globally. Of this, a substantial share ($40bn) is expected to be allocated to the UK Smart Cities industry, including Smart Ticketing and Smart Transit, core elements of an effective Smart City. Increased convenience for passengers, combined with more flexible purchasing methods and a simpler range of ticketing types can help generate a shift towards public transport, a key step in increasing social inclusion, reducing traffic congestion, and lowering carbon emissions.
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