The Internet of Things (IoT) is the network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, actuators, and connectivity which enables these things to connect and exchange data, creating opportunities for more direct integration of the physical world into computer-based systems, resulting in efficiency improvements, economic benefits, and reduced human exertions.
The IoT can assist in the integration of communications, control, and information processing across various transportation systems. Application of the IoT extends to all aspects of transportation systems (i.e. the vehicle, the infrastructure, and the driver or user). Dynamic interaction between these components of a transport system enables inter and intra vehicular communication, smart traffic control, smart parking, electronic toll collection systems, logistic and fleet management, vehicle control, and safety and road assistance.

In 2021, the global IoT in Transportation market size will be US$ 186120 million and it is expected to reach US$ 292080 million by the end of 2027, with a CAGR of 7.8% during 2021-2027.
This report focuses on the global IoT in Transportation status, future forecast, growth opportunity, key market, and key players. The study objectives are to present the IoT in Transportation development in North America, Europe, Japan, China, Southeast Asia, India, etc.

Global IoT in Transportation Scope and Market Size
IoT in Transportation market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global IoT in Transportation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Hardware
Software
Service

Segment by Application
Road Transportation
Railway Transportation
Air Transportation
Marine Transportation

By Region
North America
Europe
Japan
China
Southeast Asia
India

By Company
Alcatel-Lucent
AT&T
Cisco Systems
IBM
Intel
Amazon Web Services
ARM Holdings
Dell
Ericsson
GE
Google
Huawei
Microsoft
Oracle
Qualcomm
RTI
SAP
Telefonica