Globally, the ITS market is expected to reach $47.5 billion by 2022, growing at a CAGR of over 13% from 2015 to 2022.
We have been participating in this expo for the last seven years, and we find it beneficial for us. In this expo, we always showcase our new product because it draws a qualitative footfall. Through this expo, it is much easier for us to explain and educate visitors about our products. For such expo, we expect government-owned companies and consultants must visit and understand the technology that can be implemented in their future projects.
During the exhibition, we have showcased all products and solutions related to transportation. We displayed smart pole solutions, face and number plate recognition solutions, ITMS solutions, and various other solutions for the police department which will help them curtailing the crime. For us, being part of this expo is a great experience. Importantly, we have received a good number of visitors at our stall that includes prominent government officials, a good representation from the police department.
I am extremely impressed to witness a considerable number of participants in the areas of Road Safety, ITS, Parking, telematics and even drones for police. This is nothing less than any International Expo I have got a chance to visit,
The expo has grown exponentially over the years bringing together all the stakeholder on one platform.
I have been attending this expo for the last three years. The initiative taken by the organisers is commendable, bringing in together traffic and road safety players under one roof. I can see, there is huge improvement in terms of footfall and the number of exhibitors in this expo.
These are not just platforms for showcasing technology and products but are an umbrella for government entities and private players to come together and brainstorm on the requirements of the market and the policy makers to streamline mobility in the country. sets a stage to a dialogue. Topics like EV’s, ITS and others that appear to be highly technical and complex are simplified through an interaction with the experts.
This year, the footfall was very good. Our stall has received a large number of visitors and well-versed dignitaries and VIPs. Importantly, for us, these dignitaries were well-versed with the subject and have discussed their requirement and challenges with us. Given that kind of response from the visitors, we think this year expo was a great success.