IoT in Intelligent Transportation System Market Drivers and Restraints | Cisco Systems, Siemens AG, Thales Group, Microsoft Corporation, TomTom NV, Verizon Telematics, TransCore Holdings, Inc., Garmin Ltd.
The IoT in intelligent transportation serves to integrate communications and information processing across transportation systems for dynamic real-time interaction. Even though in its early stages, IoT in intelligent transportation can disrupt the way people commute big time.
Take for example the Global Positioning System, popularly referred to as the GPS. Combined with the modern transformative IoT and cloud, it spells a whole new world of possibilities. At present, all combined can monitor route progress, apart from the basic of providing a direction. For instance, those can indicate when the traffic slows owing to road construction, accidents, and others.
Get Brochure for Technological Developments Details @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3855
Both startups and tech giants have jumped into the space, with a range of innovations. Take for example Apple and Google. Both have suggested telematics standards to enable mobile devices running on their operating systems to be controlled via the dashboard controls and displays on their vehicles.
Similarly, in the U.S., the National Highway Transportation Safety Administration is working wireless communications between vehicles in order to control accidents, reduce consumption of fuel, and make travel more efficient.
In fact, vehicle-to-vehicle technology is expected to pave the way for more futuristic auto safety improvements.
With efforts and initiatives such as these and plunging prices of sensors, the global IoT in intelligent transportation is expected to explode in the forthcoming years. This would also change the way we travel completely.
Global IoT in Intelligent Transportation System Market: Overview
Internet of Things (IoT) is changing the way almost anything and everything functions. Transportation is one such area where it is set to have a far-reaching impact with intelligent transportation system (ITS). It serves to optimize the fleet management and logistics, traffic management, and driver assistance systems. ITS has enabled automating of roadways, railways, marine vessels, and airways. Such benefits are expected to result in exponential growth in the global IoT in intelligent transportation system market in the next couple of years, predicts a recent report by TMR Research.
Global IoT in Intelligent Transportation System Market: Drivers and Restraints
Numerous applications are promoting the global IoT in intelligent transportation market. Those include traffic management solutions, smart parking solutions, fleet management and telematics solutions, passenger entertainment, electronic toll collection, and security solutions. Additionally, IoT in advanced transportation management system leverages Wi-Fi or Bluetooth, sensors, and data-processing technologies to tackle traffic congestion and accidents.
Get TOC for Detailed Facts and Numbers @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=3855
IoT in intelligent transportation system market is also being boosted by the increasing freight services globally. Such sophisticated solutions enable managing commercial vehicles by tracking them and also help reducing consumption of fuel.
Additionally, plunging prices of sensors and more innovative and effective ones being developed is also projected to have a positive impact on the global IoT intelligent transportation market.
Global IoT in Intelligent Transportation System Market: Trends and Opportunities
The global IoT in intelligent transportation system market is comprised of hardware, software, and service. Hardware, among those, contributes the most to the revenue in the market. It typically includes sensors, RFID, and others outfitted in vehicles. Those enable monitoring speed of a vehicle and road discipline such as following of signals, among others.
The IoT intelligent transportation system consists of semiconductors and wireless components. The semiconductor components again consist of digital signal processing (DSP), microcontroller (MCU), memory protection unit (MPU), field programmable gate array (FFGA), application specific integrated circuit (ASIC), and application specific standard product (AASP).
Currently, the air travel and maritime industries spell maximum opportunities in the global IoT in intelligent transportation system market.
Global IoT in Intelligent Transportation System Market: Regional Analysis
Geographically, the global IoT in intelligent transportation system market is spread across Asia Pacific, Europe, the Middle East and Africa, and North America. Among them, North America accounts for maximum revenue share in the market at present. Going forward as well the North America IoT in intelligent transportation system market will likely hold on to its leading position on the back of several savvy companies in the field being domiciled in the region. Their constant thrust on product development, a developed traffic and internet infrastructure, and early uptake of latest technologies to make life smoother are other factors serving to stoke the North America IoT in intelligent transportation system market.
Asia Pacific is also expected to emerge as an attractive IoT in intelligent transportation system market. This is because of the presence of large and developing economies of China, Malaysia, Indonesia, and Thailand in the region that are increasingly shifting towards smart transportation.
Get Customized Report by Requirement @ https://www.tmrresearch.com/sample/sample?flag=CR&rep_id=3855
Global IoT in Intelligent Transportation System Market: Competitive Landscape
Key players in the global IoT in intelligent transportation system market include Intel Corporation, Cubic Transportation Systems, Cisco Systems, Siemens AG, Thales Group, Microsoft Corporation, TomTom NV, Verizon Telematics, TransCore Holdings, Inc., Garmin Ltd., Watson Internet of Things (IBM), Huawei Technologies Co., Ltd., and Hitachi Transport System Ltd. Such deep-pocketed players are seen pouring money to come up with more ultra-sophisticated solutions. This is set to have a major positive impact on the global IoT in intelligent transportation system market.
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
Head Internet Marketing
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release IoT in Intelligent Transportation System Market Drivers and Restraints | Cisco Systems, Siemens AG, Thales Group, Microsoft Corporation, TomTom NV, Verizon Telematics, TransCore Holdings, Inc., Garmin Ltd. here
News-ID: 1638160 • Views: 561
More Releases from TMR Research
Fusion Beverages Market Future Aspect Analysis and Current Trends by 2018 to 202 …
Global Fusion Beverages Market: Overview In this day and age, eating and drinking out is a lifestyle. But, there is a shift within this shift – people are looking for wholesome options in both packaged food as well as options in restaurant menus. And, this shift is based on consumer’s focus on wellness. Therefore, fusion drinks, that combine health with taste, will see a jump in demand in the forecast period
Mayonnaise Market Drivers, End User, Key Players and Challenges by 2028
Mayonnaise Market: Overview Rising working population and increasing trend of consumption of convenience foods are some key factors fuelling growth of mayonnaise market. In urban areas, high pressures of professional and personal commitments have led families adopt packaged and ready-to-use food products for convenience on the table. To that end, food spreads, sauces, salad dressings, and pickled vegetables are commonly sides used in urban households with snacks as well as main
Aronia Berries Market Statistics, Segment, Trends and Forecast 2028
Global Aronia Berries Market: Overview The global aronia berries market is slated to witness an ascending trajectory of growth in the years to follow. The health benefits of consuming aronia berries is amongst the primary drivers of demand within the global market. Moreover, the awareness of the masses about the nutritional value and healthy appeal of these berries has also aided market growth. Medical experts recommend consumption of aronia berries to
Sweet Bakery Market Projected to Witness a Double-Digit CAGR During 2028
Sweet Bakery Market- Snapshot The global sweet bakery market is swept over by a wave of innovation. From revival of old classics to the emergence of individual portions to new occasions of dining to relish such sweet bakery products. The global sweet bakery market is driven by the following trends growing inclination toward individual cakes like cupcakes, muffins there is an emerging trend is toward bright and colourful sweet bakery products a move toward the
More Releases for IoT
Global IoT Gateway Market
Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026) – by Node, Connectivity Technology, Component, Application, and Region. Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated
Global IoT Software Market
Global IoT Software Market is segmented into type, application, and geography. On the basis of type, a market is segmented into Real-time Streaming, Analytics Software, Security Solution Software, Data Management Software, Remote Monitoring System Software, and Network Bandwidth Management Software Global IoT Software Market was valued US$ 1.5 Bn in 2017 and expected to reach US$ 7.9 Bn in 2016, at CAGR 23.8% during forecast period. Browse Complete Premium Research
Global IOT Sensors Market
Global IOT Sensors Market – Industry Analysis and Forecast (2016-2024) Global IOT Sensors Market was valued at more than US$ 4 Bn in 2016 and is expected to cross US$ 45 Bn by 2024, at CAGR of more than 40%. The increase in IoT sensors market growth is driven by the certain key factors such as development of cheaper, smarter, and advanced sensors, rising market demand for smart devices and
IoT Data Management Market
The demand for IoT data management has increased due to widespread adoption of end-to-end data management platforms to capitalize IoT data more efficiently. Moreover, modernization of data warehouse architecture, rising need for data security and data traffic management, and rising implementation of IoT device security for data encryption are some of the other factors driving demand in this market. The global IoT data management market can be categorized based on type
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
IoT Processor Market
In this connected world, internet of things (IoT) is fueling every aspect of human lives. The data that is generated every day from these connected devices is humongous. Proper functioning of these connected devices requires real time exchange of data and information amongst them so that they can solve human problems. In another word IoT means more data, more sensors, agile responses, end-to-end connectivity and smarter user interfaces. All these