Background

• Global ITS market has shown high growth rate of 12.7% on annual average with growing social demand for a faster, safer, and more convenient transportation
• The ITS market size is expected to grow by 12.7% on annual average by 2024 to reach 57.45 billion dollars
• Korean companies face limitation due to lack of overseas business capability such as advertisement and lack of project information even though they possess high level technology
• In particular, ITS companies possess world-class service in BIS and transportation card service, but they face obstacles in overseas business activities as most of the ITS companies are small and medium sized.