Global IoT Market in the Transportation Sector Market Foreseen to Grow at a CAGR of +16% by 2021
Global IoT market in the transportation sector to grow at a CAGR of +16% by 2021. One of the primary drivers for this market is the rising need to automate transportation management systems. Automated transport management solutions increase safety, security, and visibility, the efficiency of tracking systems, and also reduce the transportation costs. The IoT-enabled smart devices help to manage the logistics operations by monitoring and tracking real-time vehicle position in the supply chain management system. The increasing adoption of...
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