The transportation industry accounts for various issues such as pollutions, wastage of fuels and power, greenhouse gas emissions. Based on research it was stated that 28% of greenhouse gas emissions is due to the whole transportation industry. IoT solutions can be used to address such issues in an effective and sustainable manner. The report by world economic forum states that IoT itself will account for $14 trillion of the economy by 2030.
IDC research states the transportation industry will see the most growth from IoT technology. Implementing IoT practices will help minimize issues regarding sustainability since it is the bridge connecting the virtual world of IT with the real world.