IoT in Transportation Market Expected to Reach $328.76 Billion by 2023
According to a new report published by Allied Market Research, titled, IoT in Transportation Market by Connectivity Technology, Mode of Transport, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global IoT in transportation market was valued at $135.35 billion in 2016, and is projected to reach $328.76 billion by 2023, growing at a CAGR of 13.7% from 2017 to 2023. The software segment is anticipated to witness the highest growth rate during the forecast period.
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