The latest survey on the Global IoT in Intelligent Transportation Systems Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in the IoT in Intelligent Transportation Systems Market. The report aims to present the analysis of Global IoT in Intelligent Transportation Systems Market By Component, By Product, Software, Service, By Application, By Vertical, By Competitive Landscape, By Geographical Scope – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.
The report “Global IoT Market in Intelligent Transportation Systems Market Segment, Study, Size, Share, Type, Growth, Trends, Value, Demand, Scope, Revenue, SWOT Analysis, Industry Research Forecast 2025”, segments the global market into service types, deployment models, organization size, and industry verticals along with in-depth analysis and revenue forecasts 2025, published by PlanetMarketReports, The Global IoT in Intelligent Transportation Systems Market was valued at USD 112.84 billion in 2017 and is projected to reach USD 219.95 billion by 2025, growing at a CAGR of 8.7% from 2018 to 2025.
IoT Market in Intelligent Transportation Systems Market – [No Of Pages: 119 and Report Single User Price: USD 3950]
The need to manage the transportation systems has emerged with a growing population. With the rapid advancement in technology, incorporation of data analytics and the Internet of Things (IoT) has led to the formation of another interdisciplinary of the IoT named Intelligent Transportation Systems. It is an advanced application used to provide more efficient transportation management services wherein customers can have a better idea of traffic management and the network of transportation routes. The intelligent transportation systems include high technology based on predictive analytics and other information systems which has IoT analytics and IoT forecast.
Global IoT in Intelligent Transportation Systems Market Outlook
In the report, the market outlook section mainly encompasses the fundamental dynamics of the market which include drivers, restraints, opportunities, and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Integration of transportation systems along with big data analytics and extensive emphasis on the R&D of IoT related software acts a potential driver in the global IoT in intelligent transportation systems market whereas increased complexity in the big data solutions poses a great threat to the market and acts as a market restraint for the global market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The “Global IoT in Intelligent Transportation Systems Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market. This can be of great use in gaining knowledge about cutting-edge technologies in the market.
Global IoT in Intelligent Transportation Systems Market Competitive Landscape
The “Global IoT in Intelligent Transportation Systems Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Cisco Systems, Inc., Garmin International Inc., Thales Group, Tomtom NV, Denso Corp, Sierra Wireless, Inc., IBM and AT&T Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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Global IoT in Intelligent Transportation Systems Market Segmentation, by Component
- Semiconductor components
- Wireless/cellular components
Semiconductor components segments accounted for the major share of the market in 2017 and the demand is projected to grow further over the forecast period.
Global IoT in Intelligent Transportation Systems Market Segmentation by Product, Software, Service
The product section accounted for the majority of the market in 2017. This section is projected to grow at the highest CAGR over the forecast period.
Global IoT in Intelligent Transportation Systems Market Segmentation, by Vertical
Among the above mentioned vertical, the roadways segment accounted for the largest market share of the market followed by airways in the year 2017. These segments are expected to grow at significant growth rates (CAGR) over the forecast period.
Global IoT in Intelligent Transportation Systems Market Segmentation, by Application
- Advanced driver assistance system (ADAS)
The application segment was dominated by telematics in the year 2017. This trend is expected to continue over the forecast period.
Global IoT in Intelligent Transportation Systems Market Geographic Scope
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of the World
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