Global IoT market in the transportation sector to grow at a CAGR of +16% by 2021. One of the primary drivers for this market is the rising need to automate transportation management systems. Automated transport management solutions increase safety, security, and visibility, the efficiency of tracking systems, and also reduce the transportation costs. The IoT-enabled smart devices help to manage the logistics operations by monitoring and tracking real-time vehicle position in the supply chain management system. The increasing adoption of intelligent transportation management solution in the transportation sector will augment growth in this market during the forecast period.
A bird’s eye view of the IoT Market in the Transportation Sector industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the global IoT Market in the Transportation Sector market. Furthermore, the report evaluates challenges experienced from buyers and sellers side. The report offers advice from key industry experts on how these challenges can be overcome.
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Other prominent vendors in the IoT market in the transportation sector are: Amazon Web Services (AWS), ARM Holdings, Dell, Ericsson, GE, Google, Huawei, Microsoft, Oracle, Qualcomm, RTI, SAP, and Telefonica.
The micro and macroeconomic factors influencing the growth of the market are covered in detail in this study. Furthermore, the prime strengths and weaknesses of the key vendors’ dominant in the market have been analysed on the basis of SWOT analysis. The technological advancements taking place in this market have been presented by detailing their impact on the growth of the market.
The revenue structure of each regional market for IoT Market in the Transportation Sector is elaborated upon in the report. The report provides the revenue figures of all regional markets, as well as their production figures. The overall pricing structure of each regional market is also elaborated upon in the report, which helps elucidate each regional market’s revenue dynamics.
The report also looks into influential external factors likely to affect the development of the Global IoT Market in the Transportation Sector Market in the coming years. These include the technological framework of the industry and likely advances expected in the coming years, consumer preference patterns, economic environment, and the demand for alternative technologies and devices. The report presents studied 2017-2021 forecasts for the Global IoT Market In The Transportation Sector Market
A major chunk of the report talks about the technologies that are and will influence the growth of the IoT Market in the Transportation Sector market. Forecasts for these technology sectors are presented in the report. Integration is the key to advancement in technology in the global IoT Market in the Transportation Sector market.
Companies that offers the latest integrated technologies at an affordable cost are expected to thrive in the IoT Market in the Transportation Sector market. The dominating technologies in the IoT Market in the Transportation Sector market along with the upcoming technologies that are expected to revolutionise the market are explained in the report