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Emerging Trends in IoT in Transportation Market Market In-Depth Analysis & Global Outlook by 2016-2023 | Scope & Future Growth Prospects Focusing Top Key Players like Alcatel-Lucent, AT&T Inc., Garmin International Inc., IBM Corp

04-07-2020 12:48 AM CET | IT, New Media & Software

Press release from: Premium Market Insights

Emerging Trends in IoT in Transportation Market Market In-Depth

Internet of Things (IoT) is the internetworking of physical devices and vehicles, providing solutions to various industry verticals such as, automotive, electronics, insurance, manufacturing, and retail. It controls or remotely senses the objects through interconnectivity of devices.

It offers various services such as, traffic congestion control system, automotive telematics, and reservation, toll & ticketing systems, security and surveillance system, remote monitoring, and others. It is incorporated in various technologies such as smart homes, smart cities, smart grids, and virtual power plants. IoT is one of the major platforms, which provide applications such as, smart energy management system (SEMS) and smart city.

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Top Companies Covered in this Report:

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 global IoT in transportation market has witnessed significant growth in the recent years, and is expected to continue this trend in the near future. Moreover, plummeting cost of connected devices, such as sensors & controllers, assist key players to increase their customer base in the global market. 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 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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Table of Contents

1. Introduction
2. Key Takeaways
3. IoT in Transportation Market Landscape
4. IoT in Transportation Market - Key Industry Dynamics
5. IoT in Transportation Market Analysis- Global
6. IoT in Transportation Market Revenue And Forecasts To 2027 - Type Of Provider
7. Market Revenue And Forecasts To 2027 - Application
8. Global Market Geographical Analysis
9. Industry Landscape
10. Competitive Landscape
11. IoT in Transportation Market, Key Company Profiles

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