IoT in Transportation Market Share

Market Share of IoT in Transportation Industry

The IoT in the transportation market is highly fragmented, owing to the presence of various global and local industry players. The market players of the industry are viewing strategic partnerships and acquisition as a lucrative path towards expansion as it helps them to leverage the strengths and skills of the other companies in the market and enhance their market presence through strategic collaboration. Recent developments in the market are -

• January 2020 - Verizon announced that it has partnered with Audi America., to deliver advanced connectivity and embedded in-vehicle connectivity solutions. Reportedly, these solutions enable Audi's connected vehicle service (launching in 2020) are expected to be initially featured in Audi A4 and A5 model lines.
• November 2019 - AT&T announced a collaboration with Nokia to delivering Munich-based innovation studio to support the growing global adoption of current and next-generation Internet of Things (IoT) solutions. This partnership will enable AT&T to help solve business problems associated with IoT solutions such as asset tracking and help it capture the European ecosystem.

IoT in Transportation Market Leaders

1. Alcatel-Lucent

2. AT & T Inc.

3. Garmin International Inc.

4. IBM Corporation

5. Denso Corporation

*Disclaimer: Major Players sorted in no particular order