The global intelligent transportation system (ITS) market is projected to reach USD 98.2 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2032, according to Allied Market Research.

Japanese technology and IT colossus NEC Corporation has announced it will build a 'smart city infrastructure' platform aimed at integrating a range of data sources in the Portuguese capital of Lisbon. The innovative project is part of the government's initiative to make its capital a 'smart city' by enhancing connectivity, and utilizing data that can improve the services it provides for its citizens.

The Tokyo 2020 Olympic Games will deploy a high-speed facial recognition system for all 300,000 athletes, staff members and journalists. It is an unprecedented initiative in the history of the Olympics that aims to improve safety and efficiency.