Global IoT in Transportation Market Research and Forecast Report 2022-2027
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Report Description and Highlights Report Description Global IoT in Transportation Market Research Report: According to the latest report by IMARC Group, titled “ IoT in Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ” the global IoT in transportation market reached a strong growth in 2021. IoT in transportation refers to the networking of vehicles, mechanical equipment, and objects via embedded sensors, actuators, and other devices. These IoT devices gather and transmit real-time data regarding various activities, such as traffic, road conditions, speeding alerts, vehicle diagnostics, driving behavior, and fuel usage. They also enable remote diagnosis and real-time monitoring to help enhance safety, customer experience and operation performance, optimize maintenance, reduce energy use, and minimize recurring complexities. As a result, IoT in transportation finds extensive applications across roadways, airways, railways, and maritime in traffic congestion control, automotive telematics, security and surveillance, reservation, and toll and ticketing systems. Request Free Sample Report: https://www.imarcgroup.com/iot-in-transportation-market/requestsample
Report Description and Highlights Report Description Global IoT in Transportation Market Trends : The global IoT in transportation market is primarily driven by the growing need for urban connectivity. Additionally, the introduction of smart railway systems equipped with IoT-enabled sensors and devices is another major growth-inducing factor. Along with this, several favorable initiatives undertaken by the government of various countries to develop smart cities have catalyzed the demand for IoT in transportation. Furthermore, the escalating demand for interconnected mobility solutions to reduce commute time and road traffic has accelerated the product adoption rate. Other factors, including the expanding information and communications technology (ICT) sector, improved internet connectivity, rapid digitization, and technological advancements, are also anticipated to propel the market growth in the coming years. Looking forward, the market value is projected to reach a strong growth during the forecast period (2022-2027).
Report Description and Highlights Report Description Market Summary: Breakup by Type: • Hardware • Software • Services Breakup by Mode of Transport: • Roadways • Railways • Airways • Maritime Breakup by Application: • Traffic Congestion Control Systems • Automotive Telematics • Reservation, Toll and Ticketing Systems • Security and Surveillance Systems • Remote Monitoring • Others
Report Description and Highlights Report Description Breakup by Region: • North America • United States • Canada • Asia Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia
Report Description and Highlights Report Description • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa Note: We are updating our reports, If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
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Competitive Landscape with Key Players: AT&T Inc. Cisco Systems Inc. DENSO Corporation Garmin Ltd International Business Machines Corporation Microsoft Corporation Sierra Wireless Inc. Software Aktiengesellschaft Thales Group TomTom N.V. • Verizon Communications Inc. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/iot-in-transportation-market
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