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

  • UN sets global target for road safety
    October 21, 2015
    The UN has set a global benchmark for reducing traffic fatalities on the world’s road network. Data shows that every year, almost 1.3 million people are killed in road crashes around the globe, according to information gathered by the World Health Organisation (WHO). In a bid to tackle this major problem, world leaders recently vowed to halve the number of global deaths and injuries from road traffic accidents by 2020. This target was agreed at the UN Sustainable Development Summit in New York.
    Read More
  • IBM and EKZ exploring balanced EV charging
    April 26, 2012
    IBM Research has teamed with EKZ, the electricity utility provider of the Canton of Zurich in Switzerland, on a new pilot project that will allow consumers to conveniently charge electric vehicles and monitor their energy costs, using mobile devices. This near real-time information will also help utility providers better manage power grid loads during peak charging times, a challenge that is set to grow as more electric vehicles are on the road. The pilot is using onboard devices fitted in several vehicl
    Read More
  • Vulnerable road users face greater risks on Europe’s road network
    May 21, 2014
    Data shows that vulnerable road users are benefiting less from improved road safety. This has been revealed in the 2014 Road Safety Annual Report, which highlights latest road safety data. The number of road fatalities fell by 1.7% between 2011 and 2012 in the 31 countries covered by the International Road Traffic and Accident Database (IRTAD), according to the International Transport Forum at the OECD. However, road safety policies are not succeeding in improving protection for vulnerable road users. The l
    Read More
  • Optimising operations with construction software gains
    May 20, 2015
    Innovations in construction software are helping boost project efficiency and optimising project operations – Clive Davidson writes Over the past decade, while construction engineers have been putting up buildings or infrastructure, software engineers have been developing a parallel universe where virtual buildings or infrastructure can be created in ever increasing detail. What started with 2D architectural drawings in computer-aided design (CAD) systems, has become a multi-dimensional world, with 3D ge
    Read More

Highlighted Content