Real-Time Traffic Information Services Industry Will Soar, because GPS-Enabled Cars and Phones Take Off
Los Angeles, California (PRWEB) December 05, 2011
In the 5 years to 2016, a fresh report from IBISWorld, the countries biggest provider of industry research, estimates which revenue for Real-Time Traffic Information Providers industry may increase at a typical annualized rate of 38.9% to $ 1.6 billion. While the industry is forecast to continue growing at a extraordinary rate, revenue development is anticipated to decelerate compared with the previous 5 years. In 2012 and beyond, businesses like Nokia may benefit from the continued adoption of smartphones, that will increase the few mobile online connections. As a result, the few customers utilizing the industry’s services may rise. The industry may additionally benefit because disposable income rises and more customers substitute their cars with fresh GPS-enabled cars. For this cause, industry research fast IBISWorld offers added a report on the Real-Time Traffic Information Providers industry to its growing Technology and Business Productivity Software report collection.
In the 5 years to 2011, revenue for Real-Time Traffic Information industry is anticipated to increase at a typical yearly rate of 42.7% to $ 308.9 million, including development of 63.8% in 2011. The industrys major players including Nokia and Inrix (a provider of real-time visitors information, tools and associated mobile visitors applications) have benefited from an growing few cars equipped with real-time visitors international positioning techniques (GPS) and a increasing few mobile online connections. According to IBISWorld, other notable businesses may still influence the industry over the following 5 years include Waze Ltd. and Google Inc. Operators utilize information from road sensors, GPS-enabled cars and mobile phones to gain knowledge into visitors conditions. The increasing few GPS-connected techniques offers increased information timeliness and security, more boosting need for industry services.
According to IBISWorld analyst, Justin Molavi, Nokia’s purchase of Navteq greatly bolstered revenue development because Nokia invested in the newly acquired business to increase revenue. Navteq’s industry-specific revenue is anticipated to increase 106.3% per year in the 5 years to 2011. Additionally, a client base expansion additionally benefited the company’s top line, because more customers joined the platform. However, profit offers lagged behind revenue and continues to be in bad territory. With buying the business, Nokia offers used the loss leader strategy, where investments which are produced in the early stages of the business are anticipated to pay down the road. As such, profit offers stayed in damaging territory during the 5 years to 2011. However, the introduction of fresh marketing platforms with real-time visitors information may start to create profit for this segment.
The proliferation of smartphones offers chiefly driven industry development during the previous 5 years. In the 5 years to 2011, the few mobile web connections offers increased 81.3% to 120.8 million. The power for commuters to check visitors in genuine moment, always, offers caused more people to depend on industry services. Consequently, industry operators were capable to partner with more businesses to deliver the info, including car production and mobile telephone businesses. Despite explosive need, the higher cost of setting up a network offers deterred important business development. In the 5 years to 2011, IBISWorld estimates the few industry companies offers increased at a typical annualized rate of 11.8% to 42.
According to IBISWorld analyst, Justin Molavi, in the 5 years to 2016, industry revenue is forecast to increase 38.9% yearly to $ 1.6 billion. Consumers may probably buy more cars which are equipped with real-time visitors GPS navigation techniques because the economy starts to recover and per capita disposable income rises, says Molavi. Furthermore, industry operators may benefit from an ever-increasing network of crowdsourced info (that involves sourcing information from several information points). This factor, coupled with a growing repertoire of value-added services, is anticipated to boost profit margins. By 2016, industry profit is forecast to represent 22.0% of revenue, an increase from twenty.0% in 2011. Operators may additionally increase their marketplace through growing into fresh coverage areas, including small cities and more surface streets.
For more info, including latest trends, statistics, research and marketplace share details, download the full report from IBISWorld on the Real-Time Traffic Information industry
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IBISWorld Real-Time Traffic Information industry Market Research Reports Contain:
About this Industry
Industry Definition
Main Activities
Similar Industries
Additional Resources
Industry at a Glance
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalisation & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
Jargon & Glossary
About IBISWorld Inc.
Recognized because the countries many trusted independent source of industry and marketplace research, IBISWorld has the detailed database of unique info and research on each US industry. With an extensive online portfolio, valued for its depth and range, the business equips customers with the knowledge important to create better company decisions. Headquartered in Los Angeles, IBISWorld serves a range of company, pro service and government companies through over 10 places worldwide. For more details, visit http://www.ibisworld.com or call 1-800-330-3772.
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