IoT in Transportation Market Size 2022-27: Industry Share, Growth, Trends, Opportunity and Forecast
According to the latest report by IMARC Group, titled “ IoT in Transportation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ,” offers a comprehensive analysis of the industry, which comprises insights on the global IoT in transportation market . The report also includes competitor and regional analysis, and contemporary advancements in the market. The global IoT in transportation market reached a value of US$ 97.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 315.5 Billion by 2027, exhibiting a CAGR of 20.60% during 2022-2027. The Internet of Things (IoT) is a specialized technology utilized to connect mechanical equipment, objects, and vehicles to the web. It uses embedded sensors, actuators, and other devices to gather and transmit data regarding real-world activities, including road conditions, traffic, automobile diagnostics, fuel usage, driving behavior, speeding, etc. IoT in transp...