Market Insight : IoT Market in the Transportation Sector Globally Grow at a CAGR of 16.9% by Revenue During the Forecast Period 2017-2020
ResearchMoz presents professional and in-depth study of "Global IoT Market in the Transportation Sector 2016-2020". The transportation sector experiences challenges to manage commercial and passenger transportation systems. These systems are the backbone of global supply chain and logistics management for the distributions of manufactured products. Commercial vehicles require real-time information systems to transmit data to track consignments in the supply chain systems. The rapid increase in number of passenger and commercial vehicles worldwide has led to numerous transport challenges, such as traffic congestions. Organizations widely adopt numerous modes of transportation, such as air, roads, railways, and marine transportation systems, for the movement of consignments from one place to another. Technavios analysts forecast the global internet of things (IoT) market in the transportation sector to grow at a CAGR of 16.9% during the period 2016-2020. Covered in this repor...