openPR Logo
Press release

IoT in Intelligent Transportation System Market Is Prognosticated To Observe Profitable Growth | Intel Corporation, Cubic Transportation Systems, Cisco Systems, Siemens AG,

12-03-2021 11:12 AM CET | IT, New Media & Software

Press release from: TMR Research

IoT in Intelligent Transportation System Market

Global IoT in Intelligent Transportation Market: Snapshot

With the concept of smart cities taking off, smart transportation which is IoT in intelligent transportation has become highly popular. Leveraging sensors, Bluetooth and Wi-Fi, and data analytics – it comprises IoT in intelligent transportation – road safety can be improved, traffic congestion can be eased, accidents can be averted, fares collection can be effective, and useful insights can be gained about commuters’ behavior and preferences.

Get Brochure of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=3855

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.

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.

View Complete Overview of The Report @
https://www.tmrresearch.com/iot-intelligent-transportation-system-market

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.

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.

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.

Request TOC of the Report @ https://www.tmrresearch.com/sample/sample?flag=T&rep_id=3855

About TMR Research:

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.

Contact:
TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

This release was published on openPR.

Permanent link to this press release:

Copy
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 Is Prognosticated To Observe Profitable Growth | Intel Corporation, Cubic Transportation Systems, Cisco Systems, Siemens AG, here

News-ID: 2484095 • Views: 103

More Releases from TMR Research

Electric Enclosure Market Analysis Growth Demand, Key Players, Share Size, and F …
Electric enclosure is a cabinet used for protecting the electrical components such as transformers, generators and also to cover switches, knobs, and displays to prevent electric shocks. In the renewable energy industries, the electric enclosures are in high demand. Many other factors such as growing awareness regarding safety and escalating cost of industrial maintenance operations are also creating sustained opportunities for players. Moreover, development of IOT-based enclosures are on a surge
Spray Hair Dye Market Current Trends and Future Aspect Analysis 2019 - 2029 | L …
Spray Hair Dye Market Outlook In the present era, the hair colorant industry is currently under significant growth to develop natural and economic spray hair dyes. As most of the conventional hair dye contains ammonia, peroxide, and other oxidizing agents which may cause hair loss and ultimately leads to unhealthy hair. Moreover, the chemicals used in hair dye may change the entire biological composition of the hair- causing allergies and irritation
Tennis Equipment Market Share and Growth Factors Impact Analysis 2019 - 2029 | Y …
Global Tennis Equipment Market: Overview The demand within the global tennis equipment market is expected to grow at a stellar pace in the times to follow. Commercialization of sports has generated humongous revenues across multiple nations and economies. It is imperative for the market players to decode the propensities of tennis tournaments and players to tap into the market. Tennis has grown as a sport across several new territories, creating fresh
Contact Center Software Market Development and Opportunities with Forecast 2028
Global Contact Center Software Market: Snapshot The global contact center software market is prognosticated to gain from the rising demand in a number of industry verticals. However, there could be rapid growth of the global contact center software market witnessed in retail and consumer goods. Professional and managed are the two main types of services offered in the global contact center software market. Improvement in technology is expected to play a

All 5 Releases


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
Telecom IoT
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