During the coming year, vague references to the Internet of Things -- and related big data analytics applications -- will start to evolve into very meaningful use-case scenarios. The metamorphosis of road transportation management is one example of this trend. Traditional smart transportation approaches to address traffic congestion, safety, pollution, and other urbanization challenges are expected to encounter scalability and efficiency obstacles by the end of this decade. Traveler information systems -- such as variable-message signs, intelligent traffic lights, camera-enforced urban tolling, and traffic monitoring centers -- will ultimately prove ineffective and prohibitively expensive. This will threaten to stall economic growth, especially in developing regions. Clearly, there's no shortage of investment in this market. According to the latest market study by ABI Research, global yearly spend on traffic management systems alone will exceed $10 billion by 2020. But both...
TMT Market Research and Analysis