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In 2020, total IoT spending in the Travel & Transportation industry was 40 billion US, while the total installed base of IoT-connected devices worldwide is projected to amount to 30.9 billion units by 2025. The applications are supply chain monitoring and management, transportation and vehicle tracking system, inventory management system, and automation of operations. The problem facing market sectors and product supply is the inadequate management of supply chain distribution, effective monitoring, production error and production error, outdated IT failures, and providing quality services.
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