Transportation Analytics Market was valued at US$ 17.3 Bn. in 2021. The Global Transportation Analytics Market size is estimated to grow at a CAGR of 25.68% over the forecast period.
Transportation Analytics Market Overview:The report explores the Transportation Analytics market's segments (Type, End-User, Application, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Transportation Analytics market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Transportation Analytics market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Transportation Analytics Market Dynamics:Smart transportation initiative: Roadway, railway, seaway, airway, and intermodal transportation verticals all use smart vehicles and applications that leverage road sense. Intelligent technologies offer extensive growth opportunities by providing unrestricted and smooth mobility to the growing population and traffic problems, as well as increased driving efficiency and quick service, which may increase demand for transportation analytics systems through the forecast period. Product demand is likely to be driven by disruptive technologies such as enhanced traveler systems, advanced vehicle control systems, and analytics across trains, roadways, and other verticals. Increase in technological advancement: Operational efficiency has shifted dramatically as a result of technological improvements. The Internet of Things has enabled the development of connected networks in practically all major functioning areas today. The integration of this transportation system has solved the majority of transportation-related problems. The growing number of megacities around the world, as well as various technological advancements, are expected to open up a host of new prospects for the Transportation Systems and Analytics Market. Government Initiative: The surge in government initiatives to construct smart cities across regions has influenced market growth even more. The increased integration of transportation analytics solutions with intelligent transportation systems aids in the market's progress. Rapid urbanization, lifestyle changes, increasing investment, and increased consumer spending all benefit the transportation analytics sector. High installation costs, data complexity issues, and integration complexities with legacy systems: Some of the market's growth challenges include high installation costs, data complexity concerns, and integration complexities with existing systems. Market growth is likely to be hampered by the high cost of maritime equipment, as well as high installation costs and data complexity concerns. The difficulty of implementing an advanced control system, which necessitates the expensive construction of a Traffic Management Center (TMC), may pose a barrier to industry growth. Slow infrastructure development, along with a lack of sufficient technical understanding, is expected to limit product demand and, as a result, market growth. Transportation Analytics Market Trends: The development of electronic access, mobility management, traffic sensors, and displays to efficiently monitor the system has resulted in a boom in demand for transportation systems and analytics. The growth of smart automobiles on smart roads largely benefits greater communication, increased safety, and upgraded infrastructure that automates control system management. In the coming years, rising traveler awareness of how to efficiently manage, monitor, and simplify their travel, as well as less congestion and traffic management, may have a favorable impact on the transportation systems and analytics sector. Thales Group presented new digital railway systems in March 2021 to improve passenger convenience and operational efficiency while pursuing greener mobility. The artificial intelligence video analytics-based technology uses the existing CCTV network at stations and onboard trains to offer real-time passenger density information. The market is growing faster as people become more interested in automating operational procedures. Artificial Intelligence (AI) and Machine Learning are two advanced automation technologies that are being integrated into the transportation analytics sector (ML).
Transportation Analytics Market Segment Analysis:Based on Type: Due to the overall widespread use of smart cities and smart transportation concepts, the descriptive and predictive type segment of the transportation analytics market has seen continuous growth. Because of the growing adoption of big data, which has resulted in increased volumes of data generated and developments in digital technology, descriptive analytics accounted for more than 51% market share in 2021. The majority of companies provide an integrated suite of descriptive, predictive, and prescriptive analytics solutions. Transportation firms who are solely concerned with optimizing their sales and operations departments and do not want to make large investments, on the other hand, can benefit greatly from descriptive analytics.Based on End-User: Roadways, Railways, Airways, Seaways, and Others make up the Transportation Systems and Analytics market. Roadways are the fastest & dominated segment of the Transportation Systems and Analytics industry in 2021. The Transportation Systems and Analytics market is being driven forward by the growing concern for road safety in these countries, which have high accident death rates. Road users benefit from a variety of transportation systems and data. Many logistics players are implementing effective asset monitoring and management systems as a result of the growing number of commercial fleets around the world as a result of increased e-commerce and manufacturing operations. Telematics fleet systems have been deployed by corporations like GE Capital and AT&T for continuous fleet monitoring and real-time location status, allowing them to arrange trips that decrease maintenance costs while enhancing driver productivity. Based on Application: Traffic management, logistics management, planning and maintenance, and other applications make up the application segment. The traffic management segment dominates the market and is expected to increase significantly over the forecast period. Traffic congestion and accidents caused by poor traffic management can be addressed with solutions such as video management software with integrated video analytics. Also, traffic analytics will aid in the reduction of carbon emissions from automobiles, resulting in environmentally friendly traffic solutions.
Transportation Analytics Market Regional Insights:North America dominated the transportation analytics market in 2021 due to the early adoption of transportation analytics solutions and an increase in initiatives to enhance intelligent transportation practices within the region. Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in the smart city and smart transportation initiatives undertaken in the region. The objective of the report is to present a comprehensive analysis of the global Transportation Analytics Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers. The reports also help in understanding the Transportation Analytics Market dynamic and structure by analyzing the market segments and projecting the Transportation Analytics Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Transportation Analytics Market make the report investor’s guide.
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Global Transportation Analytics Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 17.3 Bn. Forecast Period 2022 to 2029 CAGR: 25.68% Market Size in 2029: US $ 107.6 Bn. Segments Covered: by Type • Descriptive Analytics • Predictive Analytics • Prescriptive Analytics by End- User • Roadways • Railways • Airways • Seaways by Application • Traffic Management • Logistics Management • Planning & Maintenance Management
Transportation Analytics Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Transportation Analytics Market Key Players are:• IBM Corporation • Alteryx Inc. • CartoDB Inc. • enVista LLC • Hitachi Ltd • Iteris Inc. • Siemens AG • SmartDrive Types, Inc. • Syntelic Solutions Corporation • TomTom International BV • INRIX • Kapsch TrafficCom AG • Cubic Corporation • Cellint • Conduent, Inc. • Thales • Trimble • OmniTracs • Technvantage • Indra Sistema Frequently Asked Questions : 1) What segments are covered in the Transportation Analytics Market report? Ans. The segments covered in the Transportation Analytics Market reports are based on the Type, End-User, and Application. 2) Which region is expected to hold the highest share in the Transportation Analytics Market? Ans. Asia- Pacific is expected to hold the highest share in the Transportation Analytics Market. 3) What is the market size of the Transportation Analytics Market by 2029? Ans. The market size of the Transportation Analytics Market by 2029 is expected to reach nearly US$ 107.6 Bn. 4) What is the forecast period for the Transportation Analytics Market? Ans. The forecast period for the Transportation Analytics Market is 2022 – 2029. 5) What was the market size of the Transportation Analytics Market in 2021? Ans. The market size of the Transportation Analytics Market in 2021 was valued at US$ 17.3 Bn.
1. Global Transportation Analytics Size: Research Methodology 2. Global Transportation Analytics Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Transportation Analytics Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Transportation Analytics Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Transportation Analytics Size Segmentation 4.1. Global Transportation Analytics Size, by Type(2021-2029) • Descriptive Analytics • Predictive Analytics • Prescriptive Analytics 4.2. Global Transportation Analytics Size, by End-User (2021-2029) • Roadways • Railways • Airways • Seaways 4.3. Global Transportation Analytics Size, by Application (2021-2029) • Traffic Management • Logistics Management • Planning & Maintenance Management 5. North America Transportation Analytics (2021-2029) 5.1. North America Transportation Analytics Size, by Type (2021-2029) • Descriptive Analytics • Predictive Analytics • Prescriptive Analytics 5.2. North America Transportation Analytics Size, by End-User (2021-2029) • Roadways • Railways • Airways • Seaways 5.3. Others North America Transportation Analytics Size, by Application (2021-2029) • Traffic Management • Logistics Management • Planning & Maintenance Management 5.4. North America Transportation Analytics, by Country (2021-2029) • United States • Canada • Mexico 6. European Transportation Analytics (2021-2029) 6.1. European Transportation Analytics, by Type (2021-2029) 6.2. European Transportation Analytics, by End-User (2021-2029) 6.3. European Transportation Analytics, by Application (2021-2029) 6.4. European Transportation Analytics, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Transportation Analytics (2021-2029) 7.1. Asia Pacific Transportation Analytics, by Type (2021-2029) 7.2. Asia Pacific Transportation Analytics, by End-User (2021-2029) 7.3. Asia Pacific Transportation Analytics, by Application (2021-2029) 7.4. Asia Pacific Transportation Analytics, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Transportation Analytics (2021-2029) 8.1. Middle East and Africa Transportation Analytics, by Type (2021-2029) 8.2. Middle East and Africa Transportation Analytics, by End-User (2021-2029) 8.3. Middle East and Africa Transportation Analytics, by Application (2021-2029) 8.4. Middle East and Africa Transportation Analytics, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Transportation Analytics (2021-2029) 9.1. South America Transportation Analytics, by Type (2021-2029) 9.2. South America Transportation Analytics, by End-User (2021-2029) 9.3. South America Transportation Analytics, by Application (2021-2029) 9.4. South America Transportation Analytics, by Country (2021-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. IBM Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Alteryx Inc. 10.3. CartoDB Inc. 10.4. enVista LLC 10.5. Hitachi Ltd 10.6. Iteris Inc. 10.7. Siemens AG 10.8. SmartDrive Types, Inc. 10.9. Syntelic Solutions Corporation 10.10. TomTom International BV 10.11. INRIX 10.12. Kapsch TrafficCom AG 10.13. Cubic Corporation 10.14. Cellint 10.15. Conduent, Inc. 10.16. Thales 10.17. Trimble 10.18. OmniTracs 10.19. Technvantage 10.20. Indra Sistema