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Real-Time Traffic Information Providers - Industry Market Research Report

Real-Time Traffic Information Providers - Industry Market Research Report

  • May 2019
  • 31 pages
  • ID: 5103642
  • Format: PDF
  • By Ibisworld

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Light traffic: An expanding economy and increasing proliferation of mobile devices will boost industry growth

Abstract

Real-Time Traffic Information Providers
Over the five years to 2019, revenue for the Real-Time Traffic Information Providers industry is expected to increase. The industry has benefited from an increasing number of vehicles equipped with real-time traffic global positioning systems (GPS) and a rising number of mobile internet connections. Operators use data from road sensors, GPS-enabled vehicles and mobile phones to gain insight into traffic conditions. The rising number of GPS-connected systems has increased data timeliness and reliability, further boosting demand for industry services. The proliferation of smartphones has primarily driven industry growth over the past five years. The ability to check traffic in real time at any time has caused more consumers to rely on industry services. To meet this demand, industry operators have partnered with more companies to deliver the information, including auto manufacturers, mobile-phone companies and mobile-device application developers. Over the five years to 2024, consumers will likely purchase more cars that are equipped with real-time traffic GPS navigation systems as the economy continues to expand and per capita disposable income rises.

This industry provides real-time traffic information for GPS systems and location-based service applications.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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