Growth accelerates: Revenue growth heightens as more people look to navigate using their smartphones
The Real-Time Traffic Information Providers industry revenue is anticipated to rise at a compound annual rate of 3.5% over the five years through 2023-24, to £93.3 million. Revenue fell by 22.2% in 2018-19 due to intense competition in the industry. In 2020-21, revenue growth remained robust despite the COVID-19 outbreak. Revenue is estimated to improve by 2.1% in 2023-24.
Firms in the Real-Time Traffic Information Providers industry offer real-time information on traffic conditions for global positioning systems (GPS) and location-based service applications, which are used in passenger and commercial vehicles.
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
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- INRIX UK Ltd
- TomTom Software Ltd
- HERE Technologies
Methodology
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