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

  • Hill & Smith reports strong performance
    May 17, 2016
    Hill & Smith Holdings reports a good start to the year, with trading ahead of expectations. The firm’s latest trading update runs from 1st January 2016 to 30th April 2016. The board says it is pleased to report that trading in the period has been encouraging and is ahead of the expectations that it set out at the time of reporting its 2015 preliminary results in March. Revenue for the period was £163.1 million, compared with £153.2 million for the same period in 2015. This represent a 2% organic increase
    Read More
  • High-tech, high places: 3M in US and MetService in New Zealand
    August 1, 2017
    The US state of Michigan sets up a high-tech test road while New Zealand’s transport officials buy in some high-tech weather forecasting. The road safety division of 3M will provide the US state of Michigan with lane markings and retroreflective signs for a connected vehicle technologies trial along the I-75 highway. Around 5km of the Interstate 75 work zone in Oakland County will be transformed over the next four months to improve safety for drivers and test advanced vehicle-to-infrastructure technologie
    Read More
  • Concern at worsening road safety worldwide
    May 22, 2019
    The latest road safety data from the World Health Organisation (WHO) provides a serious cause for concern. The annual global road fatality rate has increased in the three years since the WHO last carried out a study of worldwide crash statistics. The report says that 1.35 million people are now killed on the world’s roads every year, compared with a figure of 1.25 million three years ago. The problem is particularly acute in the developing world, where increasing vehicle numbers combine with poor levels
    Read More
  • Growing US congestion problems will get worse according to study
    April 30, 2012
    The economic recession has only provided a temporary respite from the growing congestion problem, according to Texas Transportation Institute 2011 Urban Mobility Report.While traffic problems have stagnated in the US along with the economy, the annual study suggests that too little progress is being made toward ensuring that the nation's transportation system will be able to keep up with job growth when the economy does return.
    Read More

Highlighted Content