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

  • India pushing ahead with infrastructure projects
    July 4, 2012
    Despite the economic downturn, India looks to be pressing ahead with its major infrastructure projects to further boost its incredible growth. Patrick Smith reports India, which like most countries has been affected by the current economic climate, although not to the same extent, is pressing ahead with its ambitious highway construction plans. Each week new projects are completed, started or awarded as the nation seeks to improve its transportation requirements. These are needed to meet the aspirations of
    Read More
  • Connected Tech for Construction Continuity
    December 11, 2020
    No one could have predicted the situation we found ourselves in in 2020, with a global pandemic bringing the economy to its knees, projects delayed overnight, rapid restarts, remote management, and challenging labor dynamics.
    Read More
  • First pure-EV available for consumers in China
    April 25, 2012
    With public EV charging infrastructure achieving critical mass in the city of Shenzhen, China, BYD has announced that its five-passenger, long-range, all-electric cross-over vehicle, the BYD e6, will be available for consumer purchases (previously available for fleet purchases). Consumers in Shenzhen will receive a substantial government subsidy — equivalent to about US$18,000 – and the final price to consumers will be around US$38,500.
    Read More
  • Call for new ways of funding road infrastructure
    February 16, 2012
    In the first of a two-part article, Jack Opiola, a prominent global expert on transport policy and a leading member of IRF Geneva's Policy Committee on ITS, introduces the urgent need to develop new, more equitable revenue mechanisms to replace fuel taxes as a means of funding and maintaining road infrastructure
    Read More

Highlighted Content