Press release
Rise In Demand : IoT Market in the Transportation Sector Globally Grow at a CAGR of 16.9% by Revenue During the Forecast Period 2017-2020
The transportation sector experiences challenges to manage commercial and passenger transportation systems. These systems are the backbone of global supply chain and logistics management for the distributions of manufactured products. Commercial vehicles require real-time information systems to transmit data to track consignments in the supply chain systems. The rapid increase in number of passenger and commercial vehicles worldwide has led to numerous transport challenges, such as traffic congestions. Organizations widely adopt numerous modes of transportation, such as air, roads, railways, and marine transportation systems, for the movement of consignments from one place to another.
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Technavios analysts forecast the global internet of things (IoT) market in the transportation sector to grow at a CAGR of 16.9% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global internet of things (IoT) market in the transportation sector for 2016-2020. To calculate the market size, we consider the global IoT spending on public, private, and commercial transportation systems. The IoT spending also includes revenue generated by vendors from the sales of software, hardware, cloud-based IoT solutions, smart devices and components used in the transportation sector to construct an IoT environment.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Internet of Things (IoT) Market in the Transportation Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Alcatel-Lucent
AT&T
Cisco Systems
IBM
Intel
Other prominent vendors
Amazon Web Services (AWS)
ARM Holdings
Dell
Ericsson
GE
Huawei
Microsoft
Oracle
Qualcomm
RTI
SAP
Telefonica
Market driver
Need to automate transportation management systems
For a full, detailed list, view our report
Market challenge
IoT integration complexities
For a full, detailed list, view our report
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Market trend
Emergence of M2M communications systems
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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