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IoT in Transportation: Evolving Technology, Market Trends and Industry Analysis 2020

IoT (Internet of Things) is currently in the nascent stage and is being used to multiple advantages. As more developers, businesses, and people become more familiar with its capabilities and it continues to expand, there would be increased innovative tools and systems that can be put to use.

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IoT in Transportation: Evolving Technology, Market Trends and Industry Analysis 2020

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  1. MarketsandMarkets Presents IoT in Transportation: Evolving Technology, Market Trends and Industry Analysis 2020 IoT Market in Intelligent Transportation Systems by Components (Semiconductor, Wireless, and Others), Products, Software & Services, Verticals (Road, Rail, Air, and Maritime), Solutions, Applications, and Geography - Analysis & Forecast to 2014 - 2020 https://www.marketsandmarkets.com/Market-Reports/iot-in-transportation-market-48213177.html

  2. IoT (Internet of Things) is currently in the nascent stage and is being used to multiple advantages. As more developers, businesses, and people become more familiar with its capabilities and it continues to expand, there would be increased innovative tools and systems that can be put to use. IoT in transportation would contribute to a rise in the economic opportunity. It is estimated that this technology would be a multi-trillion dollar global opportunity over the next decade. The growth in this market would be dramatic over the next quarter of the century as more organizations and governments deploy the Internet-enabled technology across transportation industries. The major economies that play vital roles in the power electronics ecosystem include the Americas, Europe, APAC, Middle East, and African nations. Browse 93 market data tables and 69 figures spread through 188 pages and in-depth TOC on “IoT Market in Intelligent Transportation Systems - Analysis & Forecast to 2014 - 2020"

  3. The Americas is the market leader in the overall IoT in transportation market. This region is followed by Europe, APAC, Middle East, and Africa respectively. The major reason for this growth is the transportation system in the Americas, which is very strong. All the major cities in this region are connected via road, rail, and airway. Developments of components, products, software, and services are being carried out on a large scale in this region. Additionally, Europe is the second best market leader in the IoT in transportation market. Download FREE PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=48213177 IoT in transportation has been recognized as a major discipline in the industry and with the saturating trend of technologies, it would have a tremendous impact on various applications it is used for. IoT tends to be the high tech frontier in the overall IT domain.

  4. The role of IoT would be very important in future and versatile for the socio-economic development. The components, devices, software, and services have merged together to create a complex interdisciplinary technology, which would be an important element in multiple applications associated with transportation. It is observed from the graph that 74% of companies are exploring IoT in transportation for external applications, such as for operations and various complex processes that are not easy in the day-to-day cycle. Request Free Sample Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=48213177 Additionally, 76% of the companies are exploring and implementing IoT in transportation for their products and services, while 24% companies are yet to get well versed with IoT. Globally, it is estimated that around 70% of the data would be generated from IoT in transportation and moreover, the American transportation industry would have a major role to play in the overall IoT in transportation market.

  5. About MarketsandMarkets MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of markets.

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