IoT in Transportation: Evolving Technology, Market Trends and Industry Analysis 2020

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MarketsandMarkets Presents

IoT in Transportation Evolving Technology,
Market Trends and Industry Analysis 2020 IoT
Market in Intelligent Transportation Systems by
Components (Semiconductor, Wireless, and Others),
Products, Software Services, Verticals (Road,
Rail, Air, and Maritime), Solutions,
Applications, and Geography - Analysis Forecast
to 2014 - 2020 https//www.marketsandmarkets.com
/Market-Reports/iot-in-transportation-market-48213
177.html
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IoT (Internet of Things) is currently in the
nascent stage and is being used to multiple
advantages. As more developers, businesses, and
people become more familiar with its capabilities
and it continues to expand, there would be
increased innovative tools and systems that can
be put to use. IoT in transportation would
contribute to a rise in the economic opportunity.
It is estimated that this technology would be a
multi-trillion dollar global opportunity over the
next decade. The growth in this market would be
dramatic over the next quarter of the century as
more organizations and governments deploy the
Internet-enabled technology across transportation
industries. The major economies that play vital
roles in the power electronics ecosystem include
the Americas, Europe, APAC, Middle East, and
African nations. Browse 93 market data tables
and 69 figures spread through 188 pages and
in-depth TOC on IoT Market in Intelligent
Transportation Systems - Analysis Forecast to
2014 - 2020"
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The Americas is the market leader in the overall
IoT in transportation market. This region is
followed by Europe, APAC, Middle East, and Africa
respectively. The major reason for this growth is
the transportation system in the Americas, which
is very strong. All the major cities in this
region are connected via road, rail, and airway.
Developments of components, products, software,
and services are being carried out on a large
scale in this region. Additionally, Europe is the
second best market leader in the IoT in
transportation market. Download FREE PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id48213177 IoT in transportation
has been recognized as a major discipline in the
industry and with the saturating trend of
technologies, it would have a tremendous impact
on various applications it is used for. IoT tends
to be the high tech frontier in the overall IT
domain.
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The role of IoT would be very important in future
and versatile for the socio-economic development.
The components, devices, software, and services
have merged together to create a complex
interdisciplinary technology, which would be an
important element in multiple applications
associated with transportation. It is observed
from the graph that 74 of companies are
exploring IoT in transportation for external
applications, such as for operations and various
complex processes that are not easy in the
day-to-day cycle. Request Free Sample
Report https//www.marketsandmarkets.com/requests
ampleNew.asp?id48213177 Additionally, 76 of
the companies are exploring and implementing IoT
in transportation for their products and
services, while 24 companies are yet to get well
versed with IoT. Globally, it is estimated that
around 70 of the data would be generated from
IoT in transportation and moreover, the American
transportation industry would have a major role
to play in the overall IoT in transportation
market.
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