North America IoT Transportation Market forms one of the most evolving areas for IoT growth in North America which forms a manufacturing hub for the automotive industries. The Internet of Things or IoT is primarily transforming the transportation industry. The next generation of intelligent transportation systems will optimize the movement of people and goods, improving economics, public safety, and the environment. The next wave of intelligent transportation systems are working on gathering, analysing, as well as acting upon massive volumes of data in an extremely efficient and reliable manner. It helps in addressing stringent IoT performance demands that are quick and cost-effective along with the smart transportation systems architecture or the solution components.

Smart transportation systems have automated our roadways, railways, and airways, as well as transformed passenger experiences thereby reshaping the way cargo or merchandise are tracked and delivered. The IoT in transportation has helped in creating substantial business opportunities for special system integrators, independent software vendors (ISVs), service providers, along with other solution providers.

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With the rate of proliferation of the wireless sensors network, there is an increase in adoption of emerging technologies and mainstreaming of various smart consumer applications making IoT forming the next biggest thing. Recent trends in the technology or the application segments are anticipated to shape the complete future of IoT.

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The North America IoT Transportation Market is segmented by type, mode of transportation, application, and geography. By type, the hardware segment holds one of the largest shares for the North America IoT Transportation Market. It has been seen that the hardware components form a major part of the complete automotive industry. The hardware components are being implemented within the automotive design for working on its features and its level of services. IoT has been a welcome change for managing especially the time related constraints and has been very crucial for modifying the automotive industry as a whole.

In North America, countries such as the U.S. and Canada have worked on to become some of the highest contributors to the overall growth of the IoT transportation market. The technological improvements along with overall advancements in the automotive sector have been some of the key factors that have boosted the North America IoT Transportation Market.

Market Scope:

• Type:
o Hardware
o Software
o Services

• Mode of Transportation:
o Roadways
o Railways
o Airways
o Maritime

• Application:
o Automotive telematics
o Reservation, toll, & ticketing systems
o Security & surveillance system
o Remote monitoring
o Others

Key Players operating in the market:

• Garmin International
• Thales Group
• Tom-tom N.V.
• Nuance Communication
• Denso Corp.
• Alcatel-Lucent
• AT&T, Inc.
• Verizon Communications
• Sierra Wireless, Inc.
• IBM Corporation
• Cisco Systems, Inc.
• General Electric
• Veniam
• Terbine
• LimeBike
• Borderless

Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Global IoT Transportation Market outlook. It is usually done remaining at par with the technological evolution and developments done in the field of IoT in terms of technology especially across the operating system functionalities being modified as per the IoT device type used by customers. Report segments Global IoT Transportation Market by component, user type, application, and region, providing the in-depth analysis of overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global IoT Transportation Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the market positioning of competitors.

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