Global Internet of Things (IoT) in Transportation Market – Industry Analysis and
Posted by suraj maximize on July 3rd, 2019
Global Internet of Things (IoT) in Transportation Market was valued US$ 110.40 Bn in 2017 and is projected to reach US$ 370.40 Bn by 2026 at a CAGR of 16.34 % during a forecast period.
Internet of things in transportation systems will optimize the movement of people and goods, improving economics, public safety, and the environment. Advanced transportation systems will automate our roadways, railways, and airways, transform passenger experiences, and restructure the way cargo and goods are tracked and delivered, and helps to create substantial business opportunities for system integrators.
Hardware segment accounted for the highest share in the global Internet of Things in the Transportation market. Reducing the cost of connected hardware devices, such as sensors & controllers are assist to key players to increase their customer base in the global Internet of things (IoT) in transportation markets.
Growth in wireless technologies, such as Insteon, Zigbee, and Z-wave, is expected to fuel market growth. However, software segment is expected to witness a high growth rate owing to the adoption of connected & smart technologies in transportation infrastructure and an increase in demand for integrated security & safety systems for civilizing public safety.
North America is expected to hold the largest market share and dominate the internet of things technology in transportation market owing to its advanced technical aspects and high adoption of Internet of things across industry verticals. However, Asia-Pacific is anticipated to witness significant growth rate owing to the adoption of the advanced technology in transportation by emerging economies, such as China and India which has rapid urbanization.
Key players operated in market include Garmin International, Thales Group, Tom-tom N.V., Nuance Communication, Denso Corp., Alcatel-Lucent, AT&T, Inc., Verizon Communications, Sierra Wireless, Inc., IBM Corporation, Cisco Systems, Inc., General Electric, Veniam, Terbine, LimeBike, Borderless, Fybr, Concirrus, DashRoad, ParkENT, Cycles, Inrix, MotoLingo.
Scope of Global Internet of Things (IoT) in Transportation Market:
Global Internet of Things (IoT) in Transportation Market by Type:
Global Internet of Things (IoT) in Transportation Market by Mode of Transport:
Global Internet of Things (IoT) in Transportation Market by Application:
• Automotive telematics
• Reservation, Toll & ticketing systems
• Security & surveillance system
• Traffic Congestion Control Systems
• Remote monitoring
Global Internet of Things (IoT) in Transportation Market by Geography:
• North America
• Middle East & Africa
• Latin America
Key players operated in market includes:
• Garmin International
• Thales Group
• Tom-tom N.V.
• Nuance Communication
• Denso Corp.
• AT&T, Inc.
• Verizon Communications
• Sierra Wireless, Inc.
• IBM Corporation
• Cisco Systems, Inc.
• General Electric
This Article Is Submitted By This @Maximize Market Research Company
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
About the Authorsuraj maximize
Joined: June 21st, 2019
Articles Posted: 16
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