ResearchMoz added Latest Research Report titled " Global IoT Market in the Transportation Sector 2016-2020: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 01/20/2017 -- The transportation sector experiences challenges to manage commercial and passenger transportation systems. These systems are the backbone of global supply chain and logistics management for the distributions of manufactured products. Commercial vehicles require real-time information systems to transmit data to track consignments in the supply chain systems. The rapid increase in number of passenger and commercial vehicles worldwide has led to numerous transport challenges, such as traffic congestions. Organizations widely adopt numerous modes of transportation, such as air, roads, railways, and marine transportation systems, for the movement of consignments from one place to another.
The global internet of things (IoT) market in the transportation sector to grow at a CAGR of 16.9% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global internet of things (IoT) market in the transportation sector for 2016-2020. To calculate the market size, we consider the global IoT spending on public, private, and commercial transportation systems. The IoT spending also includes revenue generated by vendors from the sales of software, hardware, cloud-based IoT solutions, smart devices and components used in the transportation sector to construct an IoT environment.
The market is divided into the following segments based on geography:
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Technavio's report, Global Internet of Things (IoT) Market in the Transportation Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Cisco Systems
Other prominent vendors
- Amazon Web Services (AWS)
- ARM Holdings
- Need to automate transportation management systems
- For a full, detailed list, view our report
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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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