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

  • Massive growth expected for electric vehicle sales
    December 12, 2013
    A massive growth in sales is expected for electric vehicles and hybrid vehicles in coming years, according to a forecast from specialist IDTechEx. According to the report, the total global gross value market for hybrid and pure electric vehicles will reach US$334 billion by 2020. At present the total global gross value market for hybrid and pure electric vehicles is worth some $69 billion. The report suggests that the market for these vehicles will primarily consist of large or very heavy duty vehicles, nei
    Read More
  • SMIGHT and PTV in real-time traffic solution
    November 13, 2018
    SMIGHT, maker of traffic data management systems and hardware, has teamed up with traffic management software developer PTV Group to create a traffic management package. Cities and municipalities can use the new solution to analyse traffic flows and plan ahead to reduce traffic volume on roads and in regions. SMIGHT intelligent street lighting and multifunctional base towers can be equipped with features such as public WiFi, charging technology for electric cars or sensors for recording traffic data and en
    Read More
  • DEUTZ sees “encouraging” rise in net income for Q3
    November 14, 2016
    German engine manufacturer DEUTZ said it had a “very encouraging increase” in operating profit for the first three quarters of 2016. EBIT – earnings before interest and tax – stood at €19.7 million, significantly higher than the figure for the prior-year period of €10.6 million. DEUTZ said that this was due, in particular, to a decrease in depreciation and amortisation. Consequently, the EBIT margin almost doubled to reach 2.1%. Net income for the first nine months of 2016 was €18.8 million, compa
    Read More
  • Using ITS to maximise safety and traffic flow for cycling
    January 22, 2013
    Copenhagen, Denmark, has long been known as one of the world’s leading cities for cycling. In some areas of the city, the modal share of bikes has reached a level of as much as 50 %. And on some of the most frequently used bike paths the average daily number of cyclists is close to 30,000. As these numbers continue to rise, new ways of planning and implementing cycling infrastructure are needed. Increasingly, Danish traffic planners are turning to technology as a tool for planning cycling infrastructure. I
    Read More

Highlighted Content