Significant Growth of IoT in Transportation Market

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MarketsandMarkets Presents

Significant Growth of IoT in Transportation
Market 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.marketsandm
arkets.com/Market-Reports/iot-in-transportation-ma
rket-48213177.html
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The IoT in transportation market is expected to
reach 143.93 billion by 2020 at an estimated
CAGR of 8.95 from 2014 to 2020. Africa is the
leading region in the overall market, followed by
Asia-Pacific (APAC) and the Middle East. IOT is
increasingly demanding more evolved devices from
the semiconductor industry, with long lasting
battery technologies, low power consumption, and
the ability to accurately process and store data
at lower costs. The report segments IoT in
transportation market into six different segments
such as component, products software services,
verticals, solutions, application, and
geography. 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 concept of IoT has gone beyond the
machine-to-machine (M2M) communication. With
technological advancements and our increasing
dependence on them in the day-to-day lives, it is
evident that the IoT concept has a promising
future. With the rate of proliferation of the
wireless sensors network, the increasing adoption
of emerging technologies and mainstreaming of
many smart consumer applications, IoT is on its
way to becoming the big thing. Few trends in the
technology and application segments are projected
to shape the future of IoT. Some of these
critical technology trends, which are expected to
have a huge impact on the IoT evolution, are big
data, cloud computing, IPV6, wireless sensor
network proliferation, and faster communication
standards such as 4G-LTE and beyond. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id48213177 The opportunities for
IoT in transportation market are extremely high
and mainly depend on organizations for adopting
technological changes that are ever-increasing.
With such a rapid change, it would be possible to
have excellent quality of experience as well as
better economic opportunities for users,
governments, and businesses.
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The IoT in transportation market is divided in to
six segments, namely components, products,
software services, verticals, solutions, and
applications geography. The market, by
component, includes the differentiation of
components that are used to enable the proper
operation of the technology. The market, by
product, software, and service, gives an in-depth
analysis, which helps in facilitating the growth
of IoT in the transportation ecosystem. However,
in case of the market size growth, the market and
the product, software, and service market are
taken as mutually exclusive from each other. The
verticals included in IoT in transportation
market are roadway, railway, airway, and
maritime. Furthermore, the solution segment
includes traffic, asset, ticketing, supervision,
operations, passenger information, maintenance,
and logistics. Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id48213177 The applications segment
covers the major applications of IoT in
transportation market that are divided into four
segments, namely telematics, infotainment,
advanced driver assistance system, and so on.
Moreover, the IoT market in intelligent
transportation systems, by geography, has been
divided based on geographic locations of the
countries that include the Americas, Europe,
APAC, Middle East, and Africa. The Americas is
the largest market, by geography, which is due to
the easy availability of infrastructure for the
deployment of IoT in transportation in this
region.
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There are many companies that have their presence
in IoT in transportation market. The players
involved in the IoT market include a host of
companies, right from the semiconductor OEMs to
network operators, software companies, and
networking equipment providers. The report
profiles all the prominent companies involved in
the field of IoT, such as Garmin International,
Ltd. (U.S.), Thales Group (France), TomTom N.V.
(The Netherlands), Denso Corp. (Japan),
Alcatel-Lucent (France), Sierra Wireless, Inc.
(Canada), ATT, Inc. (U.S), Verizon
Communications (U.S.), and Intel Corp. (U.S).
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