openPR Logo
Press release

Investments by Players to Develop Solutions Drives Impressive Growth IN IoT in Intelligent Transportation System Market

12-06-2017 11:40 AM CET | Logistics & Transport

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
Investments by Players to Develop Solutions Drives Impressive

Internet of Things (IoT) is poised to disrupt almost every sector and transportation is one of them. By generating an intelligent transportation system (ITS), it can help optimize logistics and fleet management, tracking and monitoring of goods and services, traffic management, driver assistance, etc. In fact, it can automate an entire vehicle. All such advantages are causing a stir in the transportation industry thereby spelling a bright future for the IoT in intelligent transportation system market, worldwide.

Congestion on urban roads and rising accidents which need smart transport management solutions leveraging sensing, communications, and data processing technologies are already serving to drive the IoT in intelligent transportation market. Not just that, IoT is used for smart parking solutions, traffic management solutions, passenger entertainment, fleet management and telematics solutions, and security solutions.

Being a sunrise sector and on account of so many advantages, the global IoT in intelligent transportation system market is predicted to make gigantic strides in the near future. Transparency Market Research forecasts the market to clock a phenomenal 19.8% CAGR between 2017 and 2025 to become worth US$249.84 bn by 2025 from US$41.57 bn in 2015.

Obtain Report Details @

https://www.transparencymarketresearch.com/iot-in-intelligent-transportation-systems-market.html

Sensors Drive up Revenue in Hardware Segment

The global IoT in intelligent transportation system market can be segmented based on different parameters. Based on component, for example, it can be divided into software, hardware, and services. At present, the hardware segment dominates vis-à-vis revenue.

This is mainly on account of the sensors which are a type of hardware that form an integral part of IoT solutions. Besides, networking hardware such as RFID are also seeing significant uptake in road vehicles.

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=27206

In terms of growth rate, however, the segment of software is slated to outpace all others in the IoT in intelligent transportation system market. Logistics and fleet management solutions are providing maximum fillip to the software segment currently.

In addition, in the services segment, the installation and integration services is expected gross substantial revenue in the overall market. Support service and maintenance and management service will also likely contribute to revenue significantly.

Presence of Key Players Makes North America Dominant Region

From a geographical standpoint, North America currently leads the global market for IoT in intelligent transportation system with maximum share. This is because of the presence of a considerable number of key players in the region. The report by TMR predicts the market in North America to retain its dominant share by rising at a 19.2% CAGR in the forecast period. At this rate, it forecasts the market to become worth US$85.87 bn by 2025.

Prominent participants in the global IoT in intelligent transportation system market are Cisco Systems, Intel Corporation, Cubic Transportation Systems, Siemens AG, Thales Group, TomTom NV, TransCore Holdings, Inc., Verizon Telematics, Microsoft Corporation, Garmin Ltd, NEC Corporation, Watson Internet of Things (IBM), Huawei Technologies Co., Ltd., Hitachi Transport System Ltd. and Iteris Inc.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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 Investments by Players to Develop Solutions Drives Impressive Growth IN IoT in Intelligent Transportation System Market here

News-ID: 847691 • Views: 1843

More Releases from Transparency Market Research

Pad Printing Machine Market - Provides Veritable Information on Size, Growth Tre …
Pad Printing Machine Market: An Overview Need for an effective printing machine which can lay down simple one colored image or complex multicolor graphics to about every object helped in the introduction of pad printing machine. It is used to transfer a 2-D image via a silicon padon to a 3-D object on any type of surface like flat, spherical, irregular or cylindrical. Pad printing machine also prints photos or other
Varnished Cambric Tape Market - Company Strategy, Product Portfolio and Recent D …
Varnished cambric tape Market: An Overview The growth of renewable power generation will be an elementary factor to push the demand for the electrical wires and cables market across the globe, the countries are focusing more on power generation through renewable resources available in comparison with conventional (coal, thermal, etc.) power generation methodology, the transmission and distribution of electrical infrastructure is not only required to be completely developed in developed economies
Hip Flask Market | Reporting and Evaluation of Recent Industry Developments & Bu …
Hip Flask Market: An Overview Similar to the mobile, the hip flask started to appear in the form it was recognized today in the 18th century, the primarily hip flask was mainly used by the well-born people of high social class especially in the past. Initially, the hip flask was made of malleable metal alloy (Pewter), silver, gold, copper, and glass, but nowadays hip flask is also available in stainless steel
Cargo Pit Tape Market - Research Forecast, Revenue Opportunities And Sales Volum …
Cargo Pit Tape Market: An Overview The most important element in packaging is quality of adhesive to be used in packaged items to maintain the same quality throughout the supply chain till the time it reaches the destination safely. There are many types of packaging tapes available in the market with different applications. Polypropylene Tape: it’s economical, durable, and reliable and resistant to breaking or tearing during the shipping. Printed Fragile Tape: It

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