Published on : Aug 17, 2018
Albany, New York, August 17, 2018: IoT is the most effective technology that has been progressing well in the present time and many applications are being developed based on this technology. Nowadays, application of the IoT extends to all aspects of transportation systems including vehicle, the infrastructure, and the driver or user. Market Research Hub (MRH) has recently added a new study, titled “Global IoT in Transportation Market Size, Status and Forecast 2018-2025” to its massive repository, which contains incisive insights on the global market for the mentioned forecast period. It also covers various aspects that influence the growth of IoT in transportation market across the globe. All facts and statistics are systematically covered in the research report which is helpful for the readers and investors who wants to gain maximum information about the market.
This 108-page report first offers a market introduction, summary, and industry highlights. This part of the report offers in-depth information on the values in terms of value as well as volume for IoT in transportation market in 2018 and estimations for the forecast year 2025. To offer better understanding of the market, the report also includes an analysis of drivers, restraints, and trends which impact the current market scenario and future status of the market over the forecast period. The study deeply present the IoT in Transportation development in United States, Europe and China.
As per the study projections, the global IoT in transportation market has showcased significant growth over the past few years and is anticipated to generate substantial revenue in future till 2025. Also, the global market is projected to grow at a robust CAGR over the period 2018-2025. In the past few years, many new applications and solutions are utilizing these technologies. The adoption is currently low, but as new technologies continue to develop and expand quickly, the impacts and opportunities will be greater. This will significantly change many industries including transportation. It has been analyzed that The IoT can assist in the integration of communications, control, and information processing across various transportation systems.
Moving further, the research presents deep overview of the market and identifies the benefits of IoT in the transportation sector. The research finds that dynamic interaction between components of a transport system enables inter and intra vehicular communication, smart traffic control, smart parking, electronic toll collection systems, logistic and fleet management, vehicle control, and safety and road assistance. Major segments highlighted in the report include road transportation, marine transportation, railway transportation and air transportation.
The last section comprises precise analysis of the companies’ active in the market. They are Alcatel-Lucent, Google, Intel, AT&T, Telefonica, Cisco Systems, IBM, Amazon Web Services, Huawei, ARM Holdings, Microsoft, Dell, SAP, Oracle, Ericsson, RTI, GE and Qualcomm.
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