Our report offers a detailed analysis of the global Transportation Analytics market along with extensive market forecasts. It also covers the key market and technological trends in the Transportation Analytics market. The market-oriented report further offers a complete analysis of the factors influencing the supply & demand for Transportation Analytics and the opportunities & challenges faced by major market players. The research report will prove to be an essential study for the companies or start-ups willing to capitalize on the opportunities and develop new business strategies. Our research analysts provide insights into technological developments, whole value chain, costs analysis, etc.
Our analysts have used analytical tools to make a comprehensive analysis of the global Transportation Analytics market size which is valued in terms of USD Million. All the market stimulators, drivers, growth & development trends, and market share are clearly provided in the report. The challenges and opportunities faced by the industrial players along with the regional demand and growth trends that help the market expand are presented in the report.
The report includes SWOT analysis, Porter’s Five Forces, and PESTEL analysis to study the market. Porter’s Five Forces helped study the competitive market participants and SWOT analysis offers challenges and opportunities for the market and organization. PESTEL analysis helps provide the factors impacting the firm’s performance. Thus, these tools along with the secondary sources help identify and collect information useful for this extensive techno-commercial study.
The increasing population and traffic congestion is found to encourage the use of transportation analytics. The traffic problems are found to increase air pollution fuel consumption, travel time, and also reduce the effectiveness of infrastructure. Thus, for overcoming all this, countries like the U.S., Germany, U.K., and Japan have started using transportation analytics solutions. The analytic solutions help reduce congestion, improve travel time, and improve day-to-day transportation. Transportation analytics integrated with advanced transportation control systems along with system integrators are helping overcome transportation problems. Transportation analytics helps extract data related to transportation for improving transportation performance on a day-to-day basis.
The government programs for smart cities and growing population are key factors anticipated to boost the growth of the Transportation Analytics market. Transportation analytics has a huge impact on Traffic management systems by providing traveler information about traffic-prone areas. In addition, increasing awareness among passengers or travelers to efficiently manage, monitor, and improve their travel is predicted to propel the market growth during the forecast timeframe. Furthermore, improvised traffic management and less congestion are expected to have a positive impact on Transportation Analytics market growth over the coming years. Thus, factors like globalization, changing travel requirements, and hyper-urbanization are expected to bolster global Transportation Analytics market growth during the forecast period. In addition, the Transportation Analytics market is expected to be propelled by the adoption of various transportation management solutions which include parking management, ticketing management, fleet management, and others. The rising demand for smart vehicles is anticipated to bolster market growth during the forecast period. However, the lack of awareness about the functioning of transportation analytics solutions and the ROI recovery from legacy systems will hamper the market growth. Likewise, slow growth in infrastructure and high cost of transportation analytics solutions are anticipated to restrain the market growth during the forecast period.
By type, the market for transportation analytics is divided into Descriptive Analytics, Predictive Analytics, and Prescriptive Analytics. In terms of mode, the market is sectored into Railways, Roadways, Airways, and Waterways. Based on regions, the global Transportation Analytics market is segmented into North America, Latin America, the Middle East & Africa, Asia Pacific, and Europe.
Some of the major players in the global Transportation Analytics market include CARTO, IBM, Cubic, Siemens, Alteryx, Indra Sistema, Kapsch Trafficcom, Envista, INRIX, Trimble, Cellint, TomTom, Iteris, Techvantage, Conduent, Hitachi, OmniTracs, Syntelic, Thales, and SmartDrive Systems.
Global Transportation Analytics : Regional Segment Analysis
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