IoT in Transportation Market Boosting Demand and Growth Potential In The Future |Alcatel-Lucent, IBM Corp, Thales Group, AT&T Inc

According to a new report published by Worldwide market Reports, titled, IoT in Transportation Market by Connectivity Technology, Mode of Transport, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global IoT in transportation market was valued at $135.35 billion in 2017, and is projected to reach $328.76 billion by 2025, growing at a CAGR of XX.X% from 2018 to 2025. The software segment is anticipated to witness the highest growth rate during the forecast period.

IOT is increasingly demanding more evolved devices from the semiconductor industry, with long lasting battery technologies, low power consumption, and the ability to accurately process and store data at lower costs. The report segments IoT in transportation market into six different segments such as component, products & software services, verticals, solutions, application, and geography.

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Scope of the report:
This research report categorizes the IoT market in intelligent transportation systems based on components, products & software services, verticals, solutions, and applications & geography; it also covers the estimated market size of the global market.

IoT in Transportation Market By Components:
The global IoT market in intelligent transportation systems can be classified into semiconductor and wireless components. The semiconductors components can further be segmented into microcontroller (MCU), digital signal processing (DSP), field programmable gate array (FFGA), memory protection unit (MPU), application specific standard product (AASP), and application specific integrated circuit (ASIC).

IoT in Transportation Market By Products, Software, and Services:
The IoT market in intelligent transportation systems, by product type, is classified into the product, software, and service segments. The automotive industry is witnessing a new wave of technological revolution, which accelerates the idea of connected cars. Providing Internet accessibility in cars is imminent as consumers require an array of real-time services, such as on-demand infotainment and traffic navigation, along with safety and security features.

IoT in Transportation Market By Verticals:
The report divides the IoT in transportation market into roads, railways, airways, and maritime. Airways and maritime are the fastest-growing verticals. The newly developed airports are well-equipped with the latest technologies and safety measurements.

This report focuses on the top players in global market, like
Alcatel-Lucent
AT&T Inc
Garmin International
IBM Corp
Denso Corp.
Thales Group
General Electric
Verizon Communications
Cisco Systems
TomTom N.V.

Market segment by Application, IoT in Transportation can be split into
Traffic Congestion Control Systems
Automotive Telematics
Reservation, Toll, & Ticketing Systems
Security & Surveillance Systems
Remote Monitoring
Others

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This release was published on openPR.