IoT in Transportation Market Size is Expected to Exhibit USD 170845.0 Million by 2024 | Analysis by Top Key Company’s – Denso, Alcatel-Lucent, At&T, Inc, Sierra Wireless, IBM

The global market size is estimated to grow from USD 113240.0 Million in 2019 to USD 170845.0 Million by 2024. This report provides in depth study of “IoT in Transportation Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Smart Home as a Service Market report also provides an in-depth survey of key players in the market organization.

Global IoT in Transportation Market overview:

BusinessIndustryReports have new report spread across 96 pages is an overview of the Global IoT in Transportation Market Report 2020. The Global IoT in Transportation Market is projected to grow at a healthy growth rate from 2020 to 2024 according to new research. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.

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The IoT in Transportation industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, IoT in Transportation market size to maintain the average annual growth rate of 0.0525906268132 from 87640.0 million $ in 2014 to 113240.0 million $ in 2019, market analysts believe that in the next few years, IoT in Transportation market size will be further expanded, we expect that by 2024, The market size of the IoT in Transportation will reach 170845.0 million $.

The Global IoT in Transportation Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the IoT in Transportation Market is sub segmented into Display/Screen, Sensors, Connectivity Module, Telematics. Based on End Use Industry segment, the IoT in Transportation Market is sub segmented into Roads, Railway, Airways, Maritime. Furthermore, the solution segment includes Traffic, Asset, Ticketing, Supervision, Operations, Passenger information, Maintenance, and Logistics

The Asia-Pacific region is projected to register a highest growth in the market between 2020 and 2024. The growing end-user industry is the key driver of the market in the region. Europe is projected to witness a slow growth during the forecast period due to stringent environment norms in the region. North America is the largest market for IoT in Transportation followed by Asia-Pacific. The increasing demand from the water treatment segment coupled with the rising demand from reviving Technology industry is driving the market for IoT in Transportation in North America.

Some of the IoT in Transportation Market manufacturers involved in the market are Garmin International, Thales Group, Tomtom Nv, Nuance Communication, Denso Corp, Alcatel-Lucent, At&T, Inc, Verizon Communications, Sierra Wireless Inc, Ibm Corp , Acquisitions and effective mergers are some of the strategies adopted by the IoT in Transportation Market manufacturers. New product launches and continuous technological innovations are the IoT in Transportation Market strategies adopted by the major players.

Latest Industry Updates:

DENSO and NTT Communications Starts Validating Jointly Developed Vehicle Security Operation Center Technology to Realize Resilient Security Solutions for Connected Cars

DENSO Corporation (DENSO) and NTT Communications Corporation (NTT Com) will begin validating their jointly developed Vehicle Security Operation Center (V-SOC) technology for monitoring and analyzing vehicle’s security status from January 2020. The two companies are creating the technology to realize resilient security solutions for connected cars.

Background, Today, connected cars are becoming increasingly popular and sophisticated. In this evolution, novel automotive technologies and solutions continuously appear utilizing ICT technology. Concurrently, cyberattacks are growing more sophisticated and stealthy. Thus, cybersecurity in connected car is paramount. They need security technology that can swiftly detect and analyze cyberattacks and then seamlessly provide the appropriate support according to the situation.

Joint development efforts, Since 2017, DENSO and NTT Com have been developing V-SOC technology to detect cyberattacks and identify the affected area by the cyberattacks based on analysis of data, which are output from a vehicle’s security systems. In this research, the two companies have studied how to improve the safety and availability of connected cars and enable quick security responses by using V-SOC technology that can provide appropriate support as the situation demands
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Key Questions Answered in this Report:

1 The study provides an in-depth analysis of the global IoT in Transportation Market and current & future trends to elucidate the imminent investment pockets.

2 Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided.

3 Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.

4 The quantitative analysis of the global market from 2016 to 2024 is provided to determine the market potential.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of HD Map in these regions, from 2013 to 2024 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America

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Table of Contents:

1 IoT in Transportation Definition

2 Global IoT in Transportation Market Major Player Share and Market Overview

3 Major Player IoT in Transportation Business Introduction

4 Global IoT in Transportation Market Segmentation (Region Level)

5 Global IoT in Transportation Market Segmentation (Product Type Level)

6 Global IoT in Transportation Market Segmentation (Industry Level)

7 Global IoT in Transportation Market Segmentation (Channel Level)

8 IoT in Transportation Market Forecast 2020-2024

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