Global Internet of Things Transportation Market is forecasted to reach US$ XX million in 2026 at a CAGR rate of 19.8% with 2018 as a base year.
IoT in Transportation makes use of IOT devices like scanners, controller, beacons, RFID systems, AI technology along with the strong IOT platform that interconnect this devices to apps and websites that make up the company’s digital ecosystem. IOT transportation provides improved communication, control and data distribution. This application includes personal vehicles, commercial vehicles, UAVs and other equipment. It extends throughout the entire system of all transportation elements such as traffic control, parking, fuel consumption, and more. The Internet of Things (IoT) is dramatically accelerating the pace of innovation in the transportation industry.
Maximize Market Research has undertaken extensive research about the current Global IoT Transportation Market outlook with respect to its usage in various transportation system and vehicles as well as the assuring future of the technology in these sectors. IoT market in road transportation system dominated the market in 2015 and accounted for around 29% of the overall market revenue.
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IoT solutions help to provide real-time data about transport vehicles. Vendors are integrating connected vehicles with IoT applications to track vehicle location. IoT solutions enhance road transportation system through intelligent IT solutions for transit management and smart traffic management systems. IoT applications integrated with analytics solutions are used to gather and analyse data collected from smart and connected devices with the help of telematics and sensor technology.
Importantly, the report delivers forecasts of the market, giving an insight into the future opportunities that exist in the Global IoT Transportation Market. The driving forces as well as considerable restraints have been explained in depth. Report segments Global IoT Transportation Market by Type, Mode of Transportation, Application and Regions, providing the comprehensive analysis of ecosystem of industry, which will be useful to take informed strategic decision to the stakeholders in the industry.
North America was the highest revenue contributor to the global market in 2016, due to its advanced technical aspects and high adoption of IoT across industry verticals. In addition, enhanced internet connectivity; decreased cost of powerful sensors & controllers; growth in information, communication, & technology; and government initiatives in the several developed and the developing regions, including North America, Europe, and Asia Pacific, drive the market growth. Moreover, Asia-Pacific is anticipated to witness significant growth rate during the forecast period, owing to growth in the emerging economies, such as China and India, rapid urbanization, and other factors.
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Scope of the Report:
Global IoT Transportation Market, by Type:
Hardware, Software, and services
Global IoT Transportation Market, by Mode of Transportation:
Roadways, Railways, Airways, and Maritime
Global IoT Transportation Market, by Application:
Automotive telematics, Reservation, toll, & ticketing systems, Security & surveillance system, remote monitoring and others
Global IoT Transportation Market, by Geography:
North America, Europe, Asia Pacific, Middle East & Africa and Latin America
Sierra Wireless, Inc.
Cisco Systems, Inc.
MAJOR TOC OF THE REPORT
Chapter One: Internet of Things Transportation Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Internet of Things Transportation Market Competition, by Players
Chapter Four: Global Internet of Things Transportation Market Size by Regions
Chapter Five: North America Internet of Things Transportation Revenue by Countries
Chapter Six: Europe Internet of Things Transportation Revenue by Countries
Chapter Seven: Asia-Pacific Internet of Things Transportation Revenue by Countries
Chapter Eight: South America Internet of Things Transportation Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Internet of Things Transportation by Countries
Chapter Ten: Global Internet of Things Transportation Market Segment by Type
Chapter Eleven: Global Internet of Things Transportation Market Segment by Application
Chapter Twelve: Global Internet of Things Transportation Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Internet of Things Transportation Market Report at: https://www.maximizemarketresearch.com/market-report/global-internet-of-things-transportation-market/10388/
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
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