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Demand for Efficiency to Drive IoT in Intelligent Transportation Systems Market
The opportunities for growth of IoT in transportation are a plenty and mostly depend on enterprises aptitude for latest technologies.
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Q: What are the factors defining the global market for IoT in intelligent transportation systems?
A: IoT in intelligent transportation system is being utilized in traffic management solutions, security solutions, passenger entertainment, smart parking solutions, and fleet management and telematics solutions. IoT in advanced transportation management system makes use of sensing, communication and data-processing technologies to reduce the number of sudden untoward incidents and traffic problems.
The high demand for fleet management solutions in order to improve freight services is also bolstering the IoT in intelligent transportation system market, over the globe. These solutions provide an effective aid in the management of commercial vehicles, their tracking, keeping a tab on their fuel consumption and monitoring the drivers. All these advantages and factors are transforming the transportation industry, fueling the growth of the IoT in intelligent transportation system market, globally.
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Q: Which geographical segment is expected to emerge a market leader?
A: Currently, North America leads the world market for IoT in intelligent transportation system due to the presence of a considerable number of established players in the region.
Leading names in the global IoT in intelligent transportation systems market include Verizon Telematics, Intel Corporation, Hitachi Transport System Ltd., Siemens AG and Watson Internet of Things (IBM).
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