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

  • Dutch road deaths plummet
    August 24, 2012
    Dutch road deaths have nearly halved in the last 15 years, according to new figures by the country’s central statistics bureau CBS. There were 661 road deaths in the Netherlands in 2011, down 47% from 1,251 in 1996. For passenger cars over the same period there was a 73.5% decrease in road fatalities, from 609 to 221.
    Read More
  • Trimble Dimensions 2012 exhibits revolutionising construction technology
    December 14, 2012
    More than 3,500 visitors from 80 countries attending Trimble Dimensions 2012 gained a vital insight into how information technology is revolutionising working practises in, among other fields, heavy civil construction, building construction, surveying, mapping and GIS, and transport and logistics Guy Woodford was among those attending the three-day event at The Mirage hotel in Las Vegas, USA Themed Transform the Way the World Works, Trimble Dimensions 2012 had new hardware and software launches aplenty, as
    Read More
  • Low income countries account for only 3% of global road networks: a constraint for economic growth
    January 15, 2019
    An analysis of road network data from IRF World Road Statistics (WRS) reveals the low percentage of road networks in low income countries and underdeveloped regions of the world. These results link poor quality roads and lack of road infrastructure to constrained economic development and growth The IRF World Road Statistics (WRS) includes up-to-date data on the road and transport sector for over 200 countries and covers nine important road topics, one of which is road networks. An analysis of the road
    Read More
  • A pothole damage breakthrough?
    April 11, 2013
    Academic research by two universities in the same UK city shows that patch repairs on potholes could be far more durable if a few simple techniques were consistently used. Guy Woodford reports. Repairing pothole damage to highways and vehicles across Europe costs responsible authorities and individual motorists hundreds of millions of euros each year. Yet it has cost just €20,204 to make the potentially crucial first step in identifying a method of keeping highways across the continent and beyond pothole fr
    Read More

Highlighted Content