Revenue from real-time traffic info set to soar

A new report from IBISWorld estimates that revenue for the real-time traffic information providers industry will increase at an average annualized rate of 38.9 per cent to US$1.6 billion in the five years to 2016.
April 26, 2012 Read time: 1 min
A new report from 5314 IBISWorld estimates that revenue for the real-time traffic information providers industry will increase at an average annualized rate of 38.9 per cent to US$1.6 billion in the five years to 2016. While the industry is forecast to continue growing at a phenomenal rate, revenue growth is expected to decelerate compared with the past five years. In 2012 and beyond, companies like 5313 Nokia will benefit from the continued adoption of smartphones, which will increase the number of mobile internet connections. As a result, the number of consumers using the industry's services will rise. IBISWorld claims the industry will also benefit as disposable income rises and more consumers replace their vehicles with new GPS-enabled cars.
Highway & Network Management

For more information on companies in this article

Related Content

  • In control - with machine control technology
    June 21, 2016
    Advances with machine control technologies are providing major benefits right across the construction sector - Mike Woof writes With the massive bauma 2016 exhibition now having run its course, the construction sector look set to benefit from a range of new machine control technologies. These systems are being offered across a range of different segments in the equipment sector. Bulldozing was one of the first portions of the earthmoving segment to benefit from machine control systems, but a vast array o
    Read More
  • Versilis offers Safety Cloud alerts
    September 3, 2021
    Versilis has partnered with Haas Alert to offer motorists Safety Cloud, an infrastructure-to-vehicle (I2V) solution that sends notifications of road layout changes and lane closures
    Read More
  • UK is pothole failure among OECD nations
    August 30, 2023
    The Local Government Association says information shows that nearly US$5.1 billion was spent in 2006 on UK local road maintenance compared with $2.54 billion in 2019.
    Read More
  • Caterpillar reports slight sales dip for full year 2014
    February 16, 2015
    Global construction equipment manufacturer Caterpillar reported full-year 2014 sales $55.184 billion, down from $55.656 billion in 2013. Caterpillar also reported fourth-quarter 2014 sales of $14.244 billion, again slightly down at 1% from $14.402 billion in the fourth quarter of 2013. The results and a continued weak to modest improvement has dampened Caterpillar’s expectation of increased sales for 2015, likely to be around $50 billion. “Overall, we had many positives and a better year in 2014 than 2013,”
    Read More

Highlighted Content