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by Miller@21 · November 27, 2018
The global Radio Modem Market for ITS application is expected to grow at a CAGR of 8.9% during the forecast period to reach USD 160.8 Million. Wireless communication has revolutionized the traditional means of communication. Radio modems play a crucial role in this revolution Mark Andrews Jersey , owing to their ability to encode, transmit, and decode the data over long distances. These modems use radio waves for data transmission that give user an added advantage over wired data transfer. The report aims at estimating the market size and future growth potential of the radio modem market for ITS application across different segments such as frequency band, communication channel, operating range Lamar Jackson Jersey , application, and geography. The base year considered for the study is 2014 and the market size is forecasted for the period between 2015 and 2020. Increasing government funding toward the deployment of various ITS systems such as electronic toll collection systems, advanced transportation management systems, and others is also driving the growth of the radio modems market for ITS application.
The research methodology used to estimate and forecast the radio modem market for ITS application begins with obtaining data on key vendor revenues through secondary research. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size of the global radio modem market for ITS application from the revenue of the key market players. After arriving at the overall market size, the total market has been split into several segments and subsegments Hayden Hurst Jersey , which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, directors, and executives.
Download PDF Brochure @ Cost efficiency and reliability will drive the radio modem market growth
The demand for radio modems in ITS is increasing because radio modems require minimal infrastructure for facilitating communication and ensuring delivery of data, voice Baltimore Ravens Jersey , and video in the most cost-effective and reliable manner. Radio modems are also useful in data communication within a large geographic area, where wired data communication is not viable due to high costs involved. Radio modems are also required to facilitate ITS for implementing wireless networks that are cost-effective and flexible.
Government and defense vertical contributes maximum market share
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06.10.2019 08:25
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