MARKET INTRODUCTION
The rising adoption of IoT across transportation sector globally has led to the incorporation of various tools along with associated services which ease the transport management through traffic congestion control system; reservation; automotive telematics; toll & ticketing systems; remote monitoring; security and surveillance system; and others. Thus, creating lucrative opportunities for the IoT in Transportation market in the forecast period. .
MARKET DYNAMICS
The extended connectivity and enhanced internet penetration is driving the growth of the IoT in Transportation market. However, high costs associated with the implementation of this system across enterprises may restrain the growth of the IoT in Transportation market. Furthermore, rise in demand for technological upgrade in the transportation sector is anticipated to create market opportunities for the IoT in Transportation market during the forecast period.
MARKET SCOPE

The "Global IoT in Transportation market Analysis to 2028" is a specialized and in-depth study of the IoT in Transportation market with a special focus on the global market trend analysis. The report aims to provide an overview of IoT in Transportation market with detailed market segmentation by type, mode of transport, application, and geography. The global IoT in Transportation market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT in Transportation market players and offers key trends and opportunities in the IoT in Transportation market.
MARKET SEGMENTATION
The global IoT in Transportation market is segmented on the basis of type, mode of transport, and application. Based on type the market is fragmented into hardware, software, and services. Based on mode of transport the IoT in transportation market is segmented into roadways, railways, airways, and maritime. Similarly, on the basis of application the market is fragmented into traffic congestion control system, automotive telematics, reservation/toll and ticketing systems, security and surveillance system, remote monitoring, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global IoT in Transportation market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The IoT in Transportation market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting IoT in Transportation market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the IoT in Transportation market in these regions.
MARKET PLAYERS
The reports cover key developments in the IoT in Transportation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from IoT in Transportation market are anticipated to lucrative growth opportunities in the future with the rising demand for IoT in Transportation market. Below mentioned is the list of few companies engaged in the IoT in Transportation market.
The report also includes the profiles of key IoT in Transportation market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Alcatel-Lucent
- AT&T Inc.
- Cisco Systems, Inc.
- Denso Corporation
- Garmin International Inc.
- General Electric Company
- IBM Corporation
- Thales Group
- TomTom N.V.
- Verizon Communications Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.