openPR Logo
Press release

IoT in Intelligent Transportation System Market

12-26-2017 10:25 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research

Some of the prominent participants in the global market for Internet of Things (IoT) in intelligent transportation system are Intel Corporation, Cisco Systems, 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.

Most of them are investing heavily in developing such solutions. As a result, the market for IoT in intelligent transportation system is slated to make gigantic progress in the years to come. A report by Transparency Market Research predicts the market to rise at a 19.8% CAGR during the period between 2017 and 2025. At this pace, the market will likely attain a value of US$249.84 bn by 2025-end from US$41.57 bn in 2015.

Request Sample: www.transparencymarketresearch.com/sample/sample.php?flag...

Based on component, the global market for IoT in intelligent transportation system can be broadly divided into software, hardware, and services. Among them, the segment of hardware accounted for maximum share in revenue in 2016. Hardware such as RFID, sensors, etc. is installed in vehicles plying on the road. They help to monitor the speed of the vehicle, jumping of signals, and other things which serve to up the safety of drivers.

Geographically, the key segments of the global market for IoT in intelligent transportation system are North America, South America, Europe, Asia Pacific, and the Middle East and Africa. Among them, North America at present dominates the market with maximum share in revenue. In the years ahead too, the region is expected to hold on to its leading position to become worth US$85.87 bn by 2025. North America’s dominance is the result of the presence of numerous key players in the region.

Intelligent Transportation System Generated by IoT Boosts Market

“IoT is transforming the transportation sector with the generation of intelligent transportation system (ITS) that helps to optimize logistics and fleet management, goods and services, traffic management driver assistance, etc. ITS helps in automating railways, roadways, airways and marine vessels. It also helps in tracking and delivery of goods,” explains the lead analyst of the TMR report. On account of so many unique perceived benefits, the global market for IoT in intelligent transportation system is expected to rise at a solid pace.

Browse Our Report: www.transparencymarketresearch.com/iot-in-intelligent-tra...

Wide Array of Applications Promote Uptake

IoT in intelligent transportation system is being leveraged for smart parking solutions, traffic management solutions, passenger entertainment, fleet management and telematics solutions, and security solutions. In addition, they aid in advanced transportation management system that includes traffic control, electronic toll collection, and management of networking solutions. IoT in advanced transportation management system uses communications, sensing, and data-processing technologies to reduce traffic problems and sudden incidents.

Demand for fleet management solutions to improve freight services is also bolstering the IoT in intelligent transportation system market, globally. These solutions help in managing commercial vehicles by tracking them, reducing fuel consumption, and keeping a tab on drivers.

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. TMR’s experienced team of analysts, researchers, and consultants, use 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.

US Office
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: 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 IoT in Intelligent Transportation System Market here

News-ID: 875048 • Views: 173

More Releases from Transparency Market Research

Skincare Packaging Market Historical Analysis 2013–2018 with Opportunity Asses …
The global skincare packaging market is analysed by Transparency Market Research to find opportunities and analyse future trends. The report titled “Skincare Packaging Market: Global Industry Analysis, 2013 – 2018 and Opportunity Assessment, 2019 – 2027” states that the increased premiumization of skincare products and advancement in printing technology is propelling the growth of global skincare packaging market. The global skincare packaging market is projected to expand at a CAGR
HAZMAT Packaging Market is projected to expand at a CAGR of 5.8% | Leading Playe …
The global HAZMAT packaging market was valued at US$ 8.10 Billion in 2018 and is projected to expand at a CAGR of 5.8%, during the forecast period. Vendor Landscape Remains Highly Splintered in the Global Hazmat Packaging Market The key manufacturers in the HAZMAT packaging market profiled in this report include– Greif Inc., SIA Flexitanks, Hoover Ferguson Group, Schutz Container Systems, Inc., Mauser Group B.V., HINRICH Industries, Thielmann US LLC, Eagle Manufacturing
Aseptic Paper Packaging for Flat Top Carton Market is anticipated to grow at a C …
The global aseptic paper packaging for flat top carton market is estimated to be valued at US$ 7,030.0 Mn in 2019 and is anticipated to grow at a CAGR of 5.5%, to reach a market size of US$ 10,766.1 Mn by the end of the forecast period. Aseptic paper packaging for flat top carton is a paper packaging type used for manufacturing flat top carton which are also known as UHT
Global Magnesium Gluconate Market Current And Projected Industry Size In Terms O …
Magnesium sulfate is the magnesium salt of gluconic acid. Magnesium gluconate is an organic compound having chemical formula C12H22MgO14. Magnesium gluconate is a tasteless, odorless and non-flammable white solid. Magnesium is an important mineral which plays essential roles for many systems in human body, particularly in muscle, nervous system, and cellular function. Magnesium gluconate is a suitable alternative which would be used as supplement to maintain the level of magnesium

All 38019 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