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An Innovative Report On IoT in Transportation Market Global Analysis By Key Players- Alcatel-Lucent, AT&T Inc., Garmin International Inc., IBM Corp., Denso Corp., Thales Group, General Electric, Verizon Communications Inc

04-03-2019 07:33 PM CET | IT, New Media & Software

Press release from: Big Market Research

IoT in Transportation

IoT in Transportation

Businesses and governments are starting to apply IoT to transportation problems from traffic to vehicle ownership. And rightly so—IoT is poised to reinvent transportation for smart cities and a smarter world.A small portion of this investment goes in monitoring the fleet management. The IoT in smart transportation has rapidly changed the trucking industry with the help of mobile and connectivity advancements. Smart gadgets are playing the vital role as they carry out the important operations and make work more efficient and safer to use. To make trucking a more effective system, IoT has made everything possible — from effective road safety issues to the monitoring of the systems in fleet management.

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Top Most Key Players : Alcatel-Lucent, AT&T Inc., Garmin International Inc., IBM Corp., Denso Corp., Thales Group, General Electric, Verizon Communications Inc., Cisco Systems, Inc., and TomTom N.V.

The report provides the major drivers that are responsible for the market growth as well as restraints that hamper the market. Moreover, the report includes an analysis of the upcoming opportunities. This analysis of the dynamic factors in the market help market players to understand the major reasons behind the ups and down in the market.

IoT can be implemented in almost every industry, because it has great benefits and it eases each and every process by providing real-time insights into the data that can be applied to operations and management. The report offers an in-depth analysis of major-winning strategies, varying dynamics, regional landscape, current market size & forecast, and market competition. It provides analysis of the key raw materials, key suppliers of raw materials, manufacturing cost analysis, and labor cost analysis.

The global IoT in transportation market has witnessed significant growth in the recent years, and is expected to continue this trend in the near future. Furthermore, growth in wireless technologies, such as Insteon, Zigbee, and Z-wave, is expected to fuel the market growth. However, data piracy and poor internet infrastructure in the developing and the underdeveloped regions hinder the market growth. The report offers in-depth analysis of the current market trends that drive the growth of the market along with an analysis of the future market potential. The study provides market status and outlook from the point of view of market players, end industries, regions, and product types.

The global IoT in transportation market is segmented based on type, mode of transport, application, and geography. Based on type, it is categorized into hardware, software, and services. Based on mode of transport, it is divided into roadways, railways, airways, and maritime. Based on application, it is classified into traffic congestion control system; automotive telematics; reservation, toll, & ticketing systems; security & surveillance system; remote monitoring; and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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KEY BENEFITS FOR STAKEHOLDERS

• In-depth analyses of the global IoT in transportation market and dynamics are provided to understand the market scenario.

• Quantitative analyses of the current trends and future estimations from 2017 to 2023 are provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.

• Porter’s five forces analysis examines the competitive structure of the global market and explains about the factors that influence the market entry and expansion.

• A detailed analysis of various regions enables identification of profitable segments for the market players.

• Comprehensive analyses of the trends, sub segments, and key revenue pockets are provided in the report.

• Detailed analyses of the key players operating in the global market and their business strategies are anticipated to assist stakeholders to take informed business decisions.

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