Automotive and transportation are the most promising sectors for the Internet of Things. The Internet of Things helps automotive manufacturers, suppliers, and dealers to create applications which can make vehicles smarter, safer, and ensure comfortable driving. IoT connects vehicles, machines, people, and services to collect and analyze vast amounts of data and convert it into meaningful and actionable knowledge that will improve driving experience. The growing demand for connected vehicles and infotainment, government initiatives for smart cities & smart traffic management systems are the key factors driving the growth of the global automotive IoT market.
Infographic Source: https://scand.com/company/blog/iot-in-automotive-and-transportation-sectors/