Revenue from real-time traffic info set to soar

A new report from 5314 IBISWorld estimates that revenue for the real-time traffic information providers industry will increase at an average annualized rate of 38.9 per cent to US$1.6 billion in the five years to 2016. While the industry is forecast to continue growing at a phenomenal rate, revenue growth is expected to decelerate compared with the past five years. In 2012 and beyond, companies like 5313 Nokia will benefit from the continued adoption of smartphones, which will increase the number of mobile internet connections. As a result, the number of consumers using the industry's services will rise. IBISWorld claims the industry will also benefit as disposable income rises and more consumers replace their vehicles with new GPS-enabled cars.