IoT in Transportation Market like to cross USD 495.57 Billion by 2030, Registering with a CAGR of 19.9%
However, threats to data security & privacy and poor transport infrastructure in emerging and underdeveloped countries hamper the market growth. On the contrary, the growth of cloud-based transport infrastructure service providers is expected to create lucrative opportunities in the near future.
Download Sample Report (Get Full Insights in PDF - 250 Pages) at: https://www.alliedmarketresearch.com/request-sample/2484
According to the report, the global IoT in the transportation market was pegged at $135.35 billion in 2016 and is projected to garner $328.76 billion by 2023, registering a CAGR of 13.7% from 2017 to 2023.
The global IoT in the transportation market is categorized on the basis of type, mode of transport, application, and geography. Based on type, the market is segmented into hardware, software, and services. The hardware segment held the largest share in 2016 and is expected to continue its trends throughout the study period.
However, the software segment is expected to register the fastest CAGR of 14% during the forecast period, owing to rise in adoption of connected & smart technologies in transportation infrastructure and surge in demand for integrated security & safety systems for enhancing public safety.
For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/2484
Based on the mode of transport, the market is divided into roadways, railways, airways, and maritime. The market is analyzed across various regions including North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the largest share in 2016, owing to advanced technical aspects and high adoption of IoT across various industry verticals.
However, the market across Asia-Pacific region is projected to manifest the fastest CAGR during the forecast period, due to rise in growth of emerging economies such as India and China, and rapid urbanization in the region.
The global IoT in transportation market report includes in-depth analysis of the major market players such as AT&T Inc., Alcatel-Lucent, IBM Corp., Denso Corp., Garmin International Inc., General Electric, Thales Group, Cisco Systems, Inc., Verizon Communications Inc., and TomTom N.V.
Access the full summary at: https://www.alliedmarketresearch.com/IoT-in-transportation-market
Key Benefits For Stakeholders:
• The study provides an in-depth analysis of the IoT in transportation market forecast along with the current trends and future estimations to explain the imminent investment pockets.
• Information about key drivers, restraints, & opportunities and their impact analysis on the global IoT in transportation market trends is provided in the report.
• Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
• The quantitative analysis of the IoT in transportation market size from 2021 to 2030 is provided to determine the market potential.
Buy this Report at: https://www.alliedmarketresearch.com/checkout-final/eeeeb7826e7c50e646b59fa981981413
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
5933 NE Win Sivers Drive
#205, Portland, OR 97220
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Follow Us on: LinkedIn Twitter
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising of 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.
This release was published on openPR.
Permanent link to this press release:
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 Transportation Market like to cross USD 495.57 Billion by 2030, Registering with a CAGR of 19.9% here
News-ID: 2919263 • Views: 223
More Releases from Allied Market Research
Container and Kubernetes Security Market Size Continues to Grow with Predicted U …
An increase in vulnerabilities and cyberattacks, a rise in the popularity of microservices, and a surge in the adoption of hybrid cloud technology applications drive the growth of the global container and Kubernetes security market. However, the complexity in managing the cloud environment hinders the market growth. On the contrary, the surge in demand for cybersecurity across private and government sectors would open lucrative opportunities for the market players in
Ethernet Cable Market Scope, Regional Demand, Major Players and Recent Developme …
Allied Market Research published latest research report on "Ethernet Cable Market by Type (Copper Cable and Fiber Optic Cable), Cable Type (Unshielded Twisted Pair and Shielded Twisted Pair), Cable Category (CAT 5E, CAT 6, CAT 6A, CAT 7, CAT 8, and Others), and Application (Residential, Industrial, and Commercial): Global Opportunity Analysis and Industry Forecast, 2023-2030" The report focuses on growth prospects, restraints, and trends of the Ethernet Cable Market.
Rich Communication Services Market Valued at USD 12,279 Million Forecast by 2027
According to the report, the global rich communication services industry was estimated at $1.15 billion in 2019, and is anticipated to hit $12.27 billion by 2027, registering a CAGR of 34.7% from 2020 to 2027. Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/3916 Growing awareness about the benefits of RCS over existing OTT services, rise in number of online marketing & advertising companies among small and medium enterprises, development of voice over long term evolution
Battery Management Market Growth Projections for 2021-2031: Top Opportunities an …
A battery management system is technically an electronic device or system which controls a rechargeable battery (cell or battery pack), such as measuring secondary data, tracking its condition, preventing the battery from operating beyond its safe operating area, managing, reporting that data, authenticating and/or regulating its environment. Growing use of renewable energy for a wide range of applications is considered to play an important role in overall market growth due
More Releases for IoT
IoT Cloud Market Next Big Thing | Major Giants Oracle, AWS IOT, IBM Watson IoT, …
COVID-19 Outbreak-Global IoT Cloud Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing investment structure of the COVID-19 Outbreak-Global IoT Cloud Market. Some of the key players profiled
Narrowband IoT (NB-IoT) Market Future Adoption Overview 2025
The report titled "Global Narrowband IoT (NB-IoT) Market Size, Status and Forecast 2025, Trends, Share, Size Research Report " offers a primary impression of the Narrowband IoT (NB-IoT) industry covering different product Scope, Characterizations, Classifications, Objectives, and Participants in the industry chain structure. This report profiles major 15 topmost manufactures operating like ( Vodafone, China Unicom, China Telecom, AT&T, Etisalat, Telstra, Orange, Telefonica, SK Telecom, Deutsche Telekom - for complete manufactures list, please
Blockchain In IOT Market Business Growth Statistics And Key Players Insights Blo …
Research N Report has released a new report on the “global Blockchain in IOT Market”. This report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every side of the market. "Blockchain in Internet
IoT Healthcare Market - Revolution in Healthcare with IOT & IoT has the Potentia …
In this report, the Internet of Things (IoT) Healthcare market was valued at USD 28.42 Billion in 2015, and is projected to reach USD 337.41 billion by 2025, growing at a CAGR of 28.2% over the forecast period. "Internet of Things (IoT) Healthcare Market", published by Xpodence Research, provides extensive insight and analysis of the Internet of Things (IoT) Healthcare market over the next eight years (2015-2025) and acts as a
Narrowband IoT (NB-IoT) Chipset Market - Product Drawbacks 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2879 Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various
Narrowband IoT (NB-IoT) Chipset Market Rapidly expanding 2025
Global Narrowband IoT (NB-IoT) Chipset Market: Overview Narrowband IoT (NB‑IoT) is the new method of communicating with “things” that need limited amounts of data, over long periods, in places that are hard to reach. It is essentially a wireless technology that was standardized by 3GPP in 2016. Narrowband IoT is considered the best in class low-power wide area (LPWA) technology to facilitate functioning of various new industrial IoT (IIoT) devices, which includes