IoT in Transportation Market Forecast 2022-2029

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Internet of Things (IoT) in Transportation Market size was valued at US$ 303.40 Bn. in 2022 and the total revenue is expected to grow at 14.4% through 2023 to 2029, reaching nearly US$ 778.04 Bn.

Internet of Things (IoT) in Transportation Market Overviews

Maximize Market Research is an Internet of Things (IoT) in Transportation research firm that has published a detailed analysis of the “Internet of Things (IoT) in Transportation Market”. The report includes pricing analysis, demand analysis, business insights, market trends, competitive landscape, and growth opportunities. The base year of the Internet of Things (IoT) in Transportation market .

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Internet of Things (IoT) in Transportation Market Scope and Methodology:

The Internet of Things (IoT) in Transportation Market Report provides a thorough examination of the industry, including a segment-by-segment analysis. The scope of the study include a comprehensive examination of the Internet of Things (IoT) in Transportation market's trends, growth drivers, obstacles, and prospects. Key players are evaluated based on their product portfolio, SWOT analysis, business plan, competitive tactics, and most current product advancements. Projections of the market's size and a CAGR study are part of the scope.Important elements of the market dynamics, including opportunities, challenges, constraints, and drivers, are covered in the study on the Internet of Things (IoT) in Transportation industry. To provide a complete picture of the competitive environment in the Internet of Things (IoT) in Transportation industry, both established players and recent entries are included. The research process uses a number of techniques, such as gathering primary data through surveys and interviews with professionals in the field, and gathering secondary data from reliable databases and data sources. Along with important countries, the study offers insights into the Internet of Things (IoT) in Transportation market by region.

Internet of Things (IoT) in Transportation Market Regional Insights

North America, Europe, Asia Pacific, South America, the Middle East, and Africa are the major regions that are covered in the Internet of Things (IoT) in Transportation market. Analysis of the key countries for all the regions along with the analysis of social, cultural, economic, political, and technological factors have also been covered in the report.

Internet of Things (IoT) in Transportation Market Classifications

by Component

Hardware
Software
Services


by Mode of Transport

Roadways
Railways
Airway
Maritime


by Application

Automotive telematics
Reservation, Toll ticketing Systems
Security Surveillance System
Traffic Congestion Control Systems
Remote Monitoring

The Internet of Things (IoT) in the transportation sector is divided into three categories: hardware, software, and services, depending on the component. With a 62% market share in 2022, the software segment was the largest. because there is a growing need for integrated security and safety systems to boost public safety, as well as a rise in the use of linked and smart technologies in transportation infrastructure.

The Internet of Things (IoT) in the transportation business is divided into four sub-segments based on the mode of transportation: roads, railroads, airlines, and maritime. In 2022, the Railways segment accounted for the highest market share at %. Predictive maintenance, prompt travel service, capacity optimization, and timetable management are the key drivers for the implementation of IoT technologies in railway systems. Train network operators are making significant investments in the creation of analytics systems in developed nations. These days, cloud-based technologies are very common. For instance, Network Rail and Deloitte have partnered in the UK to employ railway signaling technologies in order to reach a public performance metric (PPM) of 92.5%. Nevertheless, there are a lot of barriers to connectivity when taking the train. The train's signal significantly weakens the network signal.

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The following companies are included in the market for Internet of Things (IoT) in Transportation :

1. Garmin International
2. Thales Group
3. Tom-tom N.V.
4. Nuance Communication
5. Denso Corp.
6. Alcatel-Lucent
7. ATT, Inc.
8. Verizon Communications
9. Sierra Wireless, Inc.
10.IBM Corporation
11.Veniam
12.Terbine
13.LimeBike
14.Borderless
15.Fybr
16.Concirrus
17.DashRoad
18.ParkENT
19.Inrix
20.MotoLingo
21.Chariot
22.Flashparking
23.G.E. Transportation
24.Maersk
25.Miami International Airport
26.Next Trucking
27.Shippabo

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Key questions answered in the Internet of Things (IoT) in Transportation Market are:

  • What is Internet of Things (IoT) in Transportation?
  • What is the growth rate of the Internet of Things (IoT) in Transportation Market?
  • Which are the factors expected to drive the Internet of Things (IoT) in Transportation market growth?
  • What are the different segments of the Internet of Things (IoT) in Transportation Market?
  • What growth strategies are the players considering to increase their presence in Internet of Things (IoT) in Transportation?
  • What are the upcoming industry applications and trends for the Internet of Things (IoT) in Transportation Market?
  • What are the recent industry trends that can be implemented to generate additional revenue streams for the Internet of Things (IoT) in Transportation Market?
  • Who are the leading companies and what are their portfolios in Internet of Things (IoT) in Transportation Market?
  • What segments are covered in the Internet of Things (IoT) in Transportation Market?
  • Who are the key players in the Internet of Things (IoT) in Transportation market?

For further inquiries and market scope exploration, reach out to us: https://www.maximizemarketresearch.com/market-report/internet-of-the-things-transportation-market/880/ 

Key Offerings:

  • Past Market Size and Competitive Landscape
  • Past Pricing and price curve by region
  • Market Size, Share, Size Forecast by different segment
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis by segment with their sub-segments and Region
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis

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