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Global Intelligent Transportation Systems (ITS) Strategic Business Report 2024: Market to Reach $52.6 Billion by 2030 – Increasing Number of Mega Cities Favors Future Growth

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DUBLIN, Feb. 19, 2024 /PRNewswire/ — The “Intelligent Transportation Systems (ITS) – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Intelligent Transportation Systems (ITS) Market to Reach $52.6 Billion by 2030

The global market for Intelligent Transportation Systems (ITS) estimated at US$27.4 Billion in the year 2022, is projected to reach a revised size of US$52.6 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030.

Advanced Traffic Management System (ATMS), one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$19.1 Billion by the end of the analysis period. Growth in the Advanced Traveler Information System (atis) segment is estimated at 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.7 Billion, While China is Forecast to Grow at 12.3% CAGR

The Intelligent Transportation Systems (ITS) market in the U.S. is estimated at US$10.7 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

From Pandemic to War & Inflation: “Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions”Here’s How Inflationary Pressures Affect the EconomyRussia-Ukraine War, the Primary Culprit Responsible for the HardshipsAlthough Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should ContinueHere’s What’s Causing Inflationary Pressures in the Global MarketEffect of the Pandemic on Transportation IndustryCOVID-19 Necessitates Profound Changes in Travel PatternsPandemic Holds Hidden Opportunity for Intelligent Transportation SystemPandemic Creates Need for Resilient Transportation SystemCOVID-19 Brings Forth Need for Intelligent Transportation Systems amid Certain LimitationsCompetitive ScenarioSelect Innovations & AdvancementsCompetitive Market Presence – Strong/Active/Niche/Trivial for 162 Players Worldwide in 2023 (E)Intelligent Transportation System: A Cornerstone Technology for Smart TransportationITS Empowering the Real Modern Day Transport InfrastructureRationale behind Installation of ITSKey ITS Capabilities in a CapsuleEnhancing Efficiency & Economy of Transport SystemsEnsuring Safety & SecurityKey Result Areas of ITS in Ensuring Safety’ITS’ as a Means for Ensuring Better Environment QualityInternet, X Ray and DSRC: The Key ITS EnablersGlobal Market Prospects & OutlookDeveloped Markets: Traditional Revenue Contributors for ITS MarketDeveloping Markets to Turbo Charge Future Growth in the ITS MarketIntelligent Transportation Systems (ITS): An IntroductionDifferent Phases of ITS ApplicationBroad Classification of Intelligent Transportation SystemsIn Vehicle Intelligent Transportation Systems: A Complimentary ReviewRecent Market ActivitySelect Global Brands

MARKET TRENDS & DRIVERS

Market Scenario in a NutshellAs a Novel Platform Capable of Enabling Future-Proof Traffic Management, ITS Set to Widen its Addressable MarketContinued Rise in Vehicular Traffic and Need to Regulate Traffic Flow: A Business Case for ITS InvestmentsGrowing Number of Road Accidents and Need to Ensure on-Road Safety to Commuters Drives Business Case for ITSFocus on Smart Highways and Smart Roads to Enhance ITS DeploymentsGrowing Investments in Road Infrastructure DevelopmentHeightened Focus on Integrating Diverse Technologies Set to Streamline ITS LandscapePrevailing Technological Trends Fully Support Deployments of Large-Scale ITSRapid Urbanization Triggers Growth in the ITS MarketIncreasing Number of Mega Cities Favors Future GrowthMajor Global Cities Leading the Way in Deployment of Intelligent Transportation SystemsGrowing Smart City Market to Drive Demand for ITSHow Intelligent Transportation Systems Benefits Smart Cities?Capabilities to Improve Logistics Drives Adoption of ITSGrowing Emphasis on Smart Transportation Widens ProspectsSmart Parking Technologies Come to the Fore to Address Parking Related IssuesTransformational Role of IoT Expands ITS Application AreasAdvanced In-Vehicle Infotainment Systems Render Support to ITS NetworksPublic-Private Collaborations Support ITS DevelopmentGovernment Policy Vis-a-vis ITS Projects: Critical for ITS ImplementationsPrivate Sector Purchases Set to IncreaseThe Secret of Success of ITS Projects Lies in “Concept Selling”Rapidly Evolving Role of Cellular Networks in ITS: A Major Ongoing Trend5G to Widen the Role of Cellular Connectivity in ITS EcosystemDynamic Roadside Signs for Providing Information about Truck Parking Space AvailabilitySuper Intelligent Transport Systems Emerge to Redefine ITS ConceptAmalgamation of Technologies Key to Success of ITSTechnology Developers & Authorities Seek to Bring Forward Interoperability StandardsKey Objective Areas of the Common StandardsAutomated Electronic Toll Collection Makes its Way into the ITS DomainPositive Outlook for ETC Systems MarketGrowing Popularity of Road User Charging Brightens Market Prospects for ETCNeed to Avoid Lengthy Waiting Lines & Environmental Pollution at Toll Plazas Drives DemandInnovation & Market Differentiation – Key Determinants for Success of ETC ProjectsLower Operational Costs of ETC Systems Enable Increased AcceptanceSmart Cards in Demand for ETC SystemsCooperative ITS Promises to Change the Face of Urban TransportationEurope Remains at the Forefront of C-ITS Efforts WorldwideV2X Gains Notable Attention to Alleviate Traffic ConcernsConnected Vehicles Pave the Way for Wider Uptake of V2X TechnologiesV2X Technology Improves Vehicle TelematicsATMS Witness Greater AdoptionGSMA Issues Guidelines for Spectrum Considerations in ITSRoad Safety Cameras Augment ITS CapabilitiesRole of Master Plans and Common StandardsGrowing Data Volumes to Drive Use of Data Analytics in ITSUsing Open Data & Big Data to Improve ITS ServicesImplications of Open Data in Designing ITS ServicesBig Data Applications Raise Privacy Concerns in ITSProtection for ITS Vital to Prevent Cyber AttacksKey Issues to Reckon withPotential Risks & Threats to Smart Vehicles and ITS NetworksRegional Differences in ITS Services Adoption PersistPrivacy ConcernsLow Awareness Levels on Benefits of ITSMyths about Red Light Cameras Limits its Adoption

FOCUS ON SELECT PLAYERS (Total 162 Featured)

Cisco Systems, Inc.Advantech Co., Ltd.Axis Communications ABAselsan A.S.Applied Information, Inc.Activu CorporationBentley Systems, Inc.Cellint Traffic SolutionsAtkinsChina ITS (Holdings) Co., Ltd.Aptiv PLCAtlantia SpABestMile SABeijing Wanji TechnologyBusmatick Group

For more information about this report visit https://www.researchandmarkets.com/r/kv9s2

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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BinBase Expands 2026 BIN Dataset with Instant Payout Intelligence for iGaming, Gambling, and Cross-Border Transfers

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BinBase updates its 2026 dataset with specialized Fast Funds, Visa Direct, and Mastercard MoneySend indicators to help iGaming operators and payout platforms execute seamless, instant card disbursements.

MIAMI, July 23, 2026 /PRNewswire-PRWeb/ — BinBase, a global provider of payment routing intelligence and card issuing data, has introduced specialized instant payout indicators as part of its upgraded 2026 BIN Database. Tailored for iGaming operators, online gambling platforms, crypto-to-fiat ramps, and payout aggregators, the updated dataset helps platform engineers streamline real-time card disbursements and Push-to-Card (P2C) transactions.

In high-velocity sectors such as online betting and gaming, instantaneous player payouts are a primary driver of customer retention. However, executing Push-to-Card transactions through protocols like Visa Direct and Mastercard MoneySend requires knowing whether the receiving card issuer supports Fast Funds for specific merchant category codes (MCCs). Attempting instant payouts on non-eligible cards leads to declined transactions, elevated processing fees, and poor user experiences.

The 2026 BinBase release solves this operational bottleneck by delivering dedicated attributes for real-time fund disbursements:

Fast Funds Eligibility: Granular indicators identifying domestic and cross-border Fast Funds support across global Visa and Mastercard ranges.Online Gambling Fast Funds (OG FF): Dedicated flags specifically identifying card ranges authorized to receive real-time gambling and betting payouts.Mastercard MoneySend & Visa Direct Indicators: Precise protocol compatibility markers (MS Ind & MT Ind) ensuring push transactions are routed only to eligible recipient cards.Direct Debit & Pull-Funds Support: Indicators for recurring collections and account-funding transactions.

“Player payouts in iGaming cannot wait for standard 2-to-3-day ACH settlements,” said a spokesperson for Damiko Inc. “By embedding our Fast Funds and Gambling FF flags into their payment engines, operators can instantly validate recipient cards before initiating a transfer, guaranteeing high success rates and instant liquidity for their users.”

Fintech engineers and payout architects can examine the full 29-field database schema and access a free 2026 sample dataset on GitHub.

To explore commercial licensing, bulk database downloads, or custom data feeds, visit BinBase at https://binbase.com.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate processing fees.

Media Contact
Fedor Lavrikoff, BinBase, 1 7866133334, sales@binbase.com, www.binbase.com 

View original content:https://www.prweb.com/releases/binbase-expands-2026-bin-dataset-with-instant-payout-intelligence-for-igaming-gambling-and-cross-border-transfers-302829344.html

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Walnut Coding’s Young Coders Serve as ‘Instructors’ at Huawei Cloud Developer Training Camp

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Ages 8 and 15, students showcase AI-era project-building skills from concept to working application

BEIJING, July 23, 2026 /PRNewswire/ — Walnut Coding (the “Company”), a leading online platform for youth coding education, said two of its students – ages 8 and 15 – have joined the “instructor” lineup at Huawei Cloud Developer Training Camp, making them among the youngest “instructors” in the program’s history. The Company cites the pair as a prime example of how young learners can combine coding fundamentals with AI tools to turn ideas into working applications.

The two students, Bolin Du, 8, and Peiqi Gao, 15, built working applications using Huawei Cloud CodeArts, an AI coding assistant, then presented the projects to the training camp themselves – walking the audience through their design choices, technical builds, and debugging process.

The move lands at a moment when AI coding tools are forcing a rethink across the education sector. Tools that can generate functioning code from a plain-language prompt have undercut the traditional argument for teaching children to program – that they need the skill to build things themselves. Walnut Coding’s answer is that the more valuable skill now is judgment – knowing what problem to solve, breaking it into parts, and determining whether an AI’s output actually works.

Gao built a travel-planning application that generates routes, itineraries, and recommendations based on user input, handling the project end to end, from requirements and design through coding and debugging. Du, the younger of the two, built an interactive calendar application, using HTML for page structure, CSS for visual design, and JavaScript for interactive features. Both students then took on an instructor’s role at the camp, presenting their project goals and technical implementation to the audience – a step Walnut Coding says separated the work from a typical classroom assignment.

These were not classroom exercises but working projects, built and presented inside a professional developer-training environment. The experience demanded more from both students than simply producing something functional – they needed to articulate their reasoning, defend technical choices, and refine the final result under scrutiny. Their participation signals a broader shift underway in what youth coding education can deliver.

AI is making code generation easier, but it is also redrawing which skills actually matter. A student who relies only on one-click generation may get a rough prototype quickly, but still struggle to spot logical flaws, judge whether the output is reliable, or turn an abstract idea into a product that actually works. Students with programming foundations, by contrast, are better positioned to define requirements, evaluate what the AI produces, correct its errors, and treat the technology as a tool rather than a shortcut to lean on.

“AI can help children generate code faster, but it cannot decide for them what problem they should solve, nor can it make the final judgment about whether the result is truly effective,” said Pengxuan Zeng, founder and CEO of Walnut Coding. “What these two students demonstrated is not just coding technique, but the ability to define needs, break down tasks, verify outcomes, and turn an idea into a working product. That is why we believe young people still need to learn programming in the AI era.”

Walnut Coding structures its courses around that thesis, pairing student-led project work with teaching-assistant guidance and AI-assisted support. According to the Company, this data is continuously fed back into its systems to refine the personalization of AI-assisted feedback — a closed-loop process linking teaching, practice, feedback, and curriculum development.

The Company frames the payoffs less around producing professional software engineers than around a broader form of literacy. As AI continues to reshape how tasks get done, the ability to understand the technology, structure problems clearly and collaborate effectively with intelligent tools may prove one of the most durable skills a young learner can develop.

Walnut Coding says it plans to keep expanding opportunities for students to build practical projects, partner with industry technology platforms such as Huawei Cloud, and develop the core capabilities needed to build with technology in the AI era.

View original content:https://www.prnewswire.com/news-releases/walnut-codings-young-coders-serve-as-instructors-at-huawei-cloud-developer-training-camp-302833884.html

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MOREH Showcases High-Performance LLM Inference on AMD GPUs at AMD Advancing AI 2026

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SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Moreh, an AI infrastructure software company, led by CEO Gangwon Jo, participated in AMD Advancing AI 2026, AMD’s flagship annual AI event held in San Francisco on July 22–23 (local time), where it demonstrated its distributed inference solution, the MoAI Inference Framework, running on AMD GPUs.

At the event, Moreh presented a live demonstration of the GLM-5.1 large language model (LLM) powered by the MoAI Inference Framework on a system equipped with 32 AMD Instinct™ MI300X GPUs across four nodes. Visitors experienced the chatbot firsthand, evaluating its response speed and service quality while observing performance across a range of real-world use cases.

Unlike conventional demonstrations that simply run an AI model, Moreh’s showcase displayed key inference service metrics in real time, including GPU utilization, Tokens Per Second (TPS), Time To First Token (TTFT), and Time Per Output Token (TPOT). This enabled attendees to directly verify both inference performance and GPU resource efficiency in a production-like service environment.

Global AI industry leaders and enterprise customers attending the event expressed strong interest in the system’s fast response times and stable performance. In particular, the live deployment of the computationally demanding GLM-5.1 model on AMD GPUs at production-grade service levels received positive feedback from visitors.

Moreh’s MoAI Inference Framework is widely recognized as the world’s first commercially deployed distributed inference solution built for the AMD ecosystem. Its distributed inference and heterogeneous computing technologies are designed to dramatically reduce AI service costs, enabling broader adoption of AI worldwide. The technology addresses one of the industry’s biggest challenges-the rapidly rising infrastructure and service costs caused by increasingly larger AI models-by delivering a more efficient inference infrastructure.

Moreh CEO Gangwon Jo stated, “This event provided an opportunity for global customers to verify firsthand that top-tier inference performance can be achieved on AMD GPU environments,” and added “We will continue advancing our AI infrastructure software so enterprises can operate AI services as efficiently as possible, regardless of the underlying GPU platform.”

Moreh develops its own AI infrastructure engine and has expanded its end-to-end AI capabilities through its foundation LLM subsidiary, Motif Technologies, covering both AI infrastructure and foundation models. The company is also strengthening its presence in the global AI market through strategic partnerships with leading technology companies, including AMD and Tenstorrent.

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