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Real-Time Traffic Information Providers in the US - Industry Market Research Report

Publisher IBISWorld
Published Jan 01, 2025
Length 75 Pages
SKU # IBSS19493698

Description

Real-Time Traffic Information Providers in the US - Industry Market Research Report


Real-Time Traffic Information Providers in the US

Every year, traffic costs the US economy about $100 billion, equivalent to the entire cost of engineering and building NASA's Artemis moon rocket. While traffic software cannot resolve traffic, many believe the $5.3 billion in revenue traffic software engineers are anticipated to receive in 2023 is a small price to pay for the economy literally moving more quickly. Traffic information systems take in a massive variety of data from phones, cameras, car manufacturers, event planners, civil engineers, and other traffic companies; this data is then fed into computer systems trained on the provider's coverage area. Traffic data can subsequently be sold to navigation apps, governments, or even the companies that authorized its collection, where the data is fed to the traveling public. In 2023, industry revenue is expected to grow 1.2%, with overall growth at a CAGR of 9.8% over the past five years, owing to the mass adoption of intelligent systems in phones and vehicles.

This industry provides real-time traffic information for GPS systems and location-based service applications.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

75 Pages
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
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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