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

  • UK traffic volumes hit record levels
    February 10, 2017
    Traffic volumes in the UK have hit record levels. This has been shown by new provisional figures from the Department for Transport (DfT). In the year ending December 2016 car traffic increased by 0.7% to a record high of 399.2 billion vehicle km and HGV traffic grew by 2.8% overall to 27.4 billion vehicle km. The report suggests that this rise is partly due to the growth in the economy as well as lower fuel prices. Provisional estimates suggest that both ‘A’ roads and motorways experienced the highest l
    Read More
  • Africa construction growth
    October 9, 2018
    A massive growth in construction is predicted for Sub-Saharan Africa. This comes from a report by the data and analytics company, GlobalData. Its report suggests that the region’s construction industry will grow at the fastest rate of any other world region over next five years. According to its report, the region’s construction sector will grow on average by a compound annual growth rate (CAGR) by 6.6% a year, from 2018 to 2022. The company’s latest report, ‘Global Construction Outlook to 2022: Q3 2018 Up
    Read More
  • UK traffic offence convictions increase
    May 10, 2018
    Official UK Government figures reveal that convictions for traffic offences in England and Wales have been steadily increasing since 2013. Of concern is that there has been a 52% increase in convictions for dangerous driving in that period. There were guilty verdicts for 1.2 million traffic offences in 2006, according to an analysis of the data by IAM RoadSmart. The number of guilty verdicts for traffic offences then declined for seven years until 2014 when the total number of offences started rising again
    Read More
  • CISMA: French road construction market expected to rise
    January 17, 2018
    Construction and maintenance of roads in France is expected to grow again this year – by 3% - after several years of decline, according to CISMA. Aggregates production is also expected to be up around 3.5%, as well as civil engineering by 3%. Civil Engineering activity is recovering at last, notes CISMA, especially thanks to work in the Paris area. “Across the country, cities large and small have adopted the construction of modern tramways that has led to improved traffic circulation, more convenient
    Read More

Highlighted Content