Internet of Things Market in Transportation Introduction
The Internet of things (IoT) is dramatically reshaping transportation industry with having major impact on various mode of transportation such as air, railways, and roadways. Emerging technologies such as M2M communication allow transportation and logistics companies operating in this sector to perform freight and fleet management tasks efficiently via mobile networks so as to enhance time to market and offer secure delivery to their end users. Also, public transportation authorities and air transport service providers are increasingly inclined towards deploying smart transportation systems to enhance passenger safety and security.
Connected technologies are gaining traction in this industry as major transportation and logistics companies are increasing investing on integration solutions and systems to manage movement of tons of goods by rail, road, and sea. This is expected to drive growth of the IoT market in transportation sector. Additionally, growing adoption of intelligent transportation system, fleet management and asset management solutions among rail, road and air transportation service providers is projected to fuel growth of the Internet of things market in the transportation sector across the globe.
The IoT market in transportation has been divided into various segments to track market performance from different perspective. Major segments analyzed are offering, solution, service, and end user. Based on offering the market is bifurcated into intelligent system, solution, and service. The solution segment takes in freight monitoring, fleet telematics, connected logistics solution, inventory management, supply chain management, asset management, and other solutions. The Internet of things market in transportation is segmented based on services into consulting, implementation & integration, outsourcing, repair & maintenance, and other support services. Based on end user, the transportation IoT market is classified into airways, roadways, railways and shipping industry.
The global Internet of things market in transportation sector has been analyzed at regional level. Major regions covered in this research study are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East and Africa. Early adoption of intelligent transportation system to enhance passenger safety and experience in major countries such as US, Germany and UK makes North America and Western Europe major regional markets for prominent vendors operating in the IoT transportation market. Additionally, introduction of favorable regulations and monetary support from government of emerging markets in Asia Pacific is anticipated to increase uptake of IoT solutions and systems in transportation in this region, propelling growth of IoT market in transportation industry.
Internet of Things Market in Transportation Competitive Landscape
The IoT market ecosystem consists of major vendors providing intelligent systems or hardware, connectivity services, solutions and other services. Some of the vendors identified in the in the IoT market in transportation are Alcatel-Lucent S.A., Intel Corporation, Cisco Systems, Inc., IBM Corporation, AT&T Inc. Emerson Electric Company, Honeywell International Inc., and TCS Ltd.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on IoT market in transportation would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.