Vehicle to Everything (V2X) communication technology assesses the potential as the new phenomenon for Intelligent Transportation Systems (ITS) in the context of vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-pedestrian (V2P), and vehicle-to-network (V2N). Dedicated Short-Range Communications (DSRC) is the conventional vehicular communication standard for ITS. The cellular network based on 4G/5G for ITS deployment has become a competitor to DSRC. Recent advancements in technologies have motivated the research community to develop a hybrid DSRC, and cellular networks approach to support reliable ITS applications. Nevertheless, as new techniques come forward, the technical and regulatory challenges may also vary across countries. Given that the existing comparative studies have not been covered as a whole, we evaluated the V2X communication technology to classify the adaptability of DSRC, cellular networks, and hybrid methods. The study also includes available V2X technology platforms and products. In addition, the challenges of deployments are also depicted in this study. The outcome indicates that many automotive industries and telecommunication providers recognize V2X substantial effect on ITS. The work is underway to decide which capabilities will be added since this is a long-term benefit for our future transportation.