TRANSPORT MONITORING MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2023 - 2030)

Transport Monitoring Market, By Component (Hardware, Software, and Services), By Transportation Mode (Roadways, Railways, Airways, Maritime, Pipeline, and Others), By Application (Advanced Traffic Management, Fleet Monitoring, Intelligent Transport System, and Others), By End User (Automotive Manufacturers, Transport Authorities, Insurers, Fleet Operators, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Recent Developments:

New product launches:

In 2022, WrxFlo Transport Management System, the software platform which is designed, built to run global operations, the cloud-based software provides real-time visibility of trucks by GPS location, forward planning to optimize shipments, and empty running management.
In March 2022, TomTom, a Netherland based multinational developer and creator of location technology and consumer electronics, launched next-generation SDK for driver monitoring system and driver distraction warning. It helps improve safety and prevent accidents caused by distracted driving.
In January 2022, Siemens Mobility provides intelligent transport solutions, launched Railigent suite for rail infrastructure digital twin solutions to optimize rail operations.

Acquisition and partnerships:

In September 2022, Fleet Complete, a provider of IoT solutions in the connected commercial vehicle space, acquired eyeride to expand video telematics solutions for commercial fleets.
In June 2022, Cubic Telecom is a provider of advanced software-defined connected vehicle solutions worldwide, partnered with Agora Systems, a leading telematics provider, to provide connected technologies for electric vehicles.
In January 2022, Geotab, a global leader in IoT and connected transportation, acquired Intendia to expand video telematics capabilities to offer a device that records a driver's driving time, speed, and distance.