IoT in Intelligent Transportation Systems Market opportunities and challenges By Top Players - Cisco Systems,Inc.,Garmin International Inc., Thales Group,Tomtom NV, IBM

Global IoT Market in Intelligent Transportation Systems Market Analysis

According to Verified Market Intelligence, The Global IoT Market in Intelligent Transportation Systems Market was valued at USD 112.84 billion in 2017 and is projected to reach USD 219.95 billion by 2025, growing at a CAGR of 8.7% from 2018 to 2025.

What is IoT Market in Intelligent Transportation Systems?

The need to manage the transportation systems has emerged with growing population. With rapid advancement in technology, incorporation of data analytics and Internet of Things (IoT) has led to formation of another interdisciplinary of the IoT market named Intelligent Transportation Systems. It is an advanced application used to provide a more efficient transportation management services wherein customers can have a better idea of traffic management and network of transportation routes. The intelligent transportation systems include high technology based on the predictive analytics and other information systems which has IoT analytics and IoT market forecast.

Iot_Market In Intelligent Transportation Systems

Global IoT Market in Intelligent Transportation Systems Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Integration of transportation systems along with big data analytics and extensive emphasis on the R&D of IoT related software acts a potential driver in the global IoT market in intelligent transportation systems market whereas increased complexity in the big data solutions poses a great threat to the market and acts as a market restraint for the global market.

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Verified Market Intelligence narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global IoT Market in Intelligent Transportation Systems Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market. This can be of a great use in gaining knowledge about the cutting-edge technologies in the market.

Global IoT Market in Intelligent Transportation Systems Market Competitive Landscape

The “Global IoT Market in Intelligent Transportation Systems Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cisco Systems, Inc., Garmin International Inc., Thales Group, Tomtom NV, Denso Corp, Sierra Wireless, Inc., IBM and AT&T Inc. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.

The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.

Global IoT Market in Intelligent Transportation Systems Market
Segmentation, by Component

On the basis of component, Global IoT Market in Intelligent Transportation Systems market is segmented into:

Semiconductor components
Wireless/cellular components

Semiconductor components segments accounted for the major share of the market in 2017 and the demand is projected to grow further over the forecast period.

Global IoT Market in Intelligent Transportation Systems Market Segmentation, by Product, Software, and Service

On the basis of product, software, and service, Global IoT Market in Intelligent Transportation Systems market is classified into:

Product
Software
Services

Product section accounted for the majority of the market in 2017. This section is projected to grow at the highest CAGR over the forecast period.

Global IoT Market in Intelligent Transportation Systems Market
Segmentation, by Vertical

On the basis of Vertical, Global IoT Market in Intelligent Transportation Systems market is categorized into:

Roadways
Railways
Airways
Maritime

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Among the above mentioned vertical, the roadways segment accounted for largest market share of market followed by airways in the year 2017. These segments are expected to grow at significant growth rates (CAGR) over the forecast period.

Global IoT Market in Intelligent Transportation Systems Market Segmentation, by Application

On the basis of application, Global IoT Market in Intelligent Transportation Systems market is segmented into:

Telematics
Infotainment
Advanced driver assistance system (ADAS)

The application segment was dominated by telematics in year 2017. This trend is expected to continue over the forecast period.

Global IoT Market in Intelligent Transportation Systems Market Geographic Scope

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Latin America
Brazil
Rest of the World

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North America dominated the global IOT Market in Intelligent Transportation Systems in 2017.This region is expected to account for the largest share in the forthcoming years as it is the highest revenue contributor to the market.

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