Acumen research and consulting estimates that the global transportation analytics market is anticipated to reach market size of around US$ 31,000 Mn by 2027 and is anticipated to grow at a CAGR of around 20% in terms of revenue during the forecast period 2020 – 2027. Transport data analytics allow predictive analyzes to be automated to develop future trends, to identify business needs and to develop longer-term revenue optimization strategies. The need for built transport infrastructures and the increasing growth in global population have a positive impact on the need for global transport research. Key players on the market in transport research are pursuing various growth strategies for growing their market share, such as enhances of the goods, releases, combine and acquisitions.
Increasing demand for transport analytics and the use of advanced and connected technologies with options, such as traffic sensors, electronic access, mobility management, transportation system monitoring display systems. Analytics provides visibility to relevant information, contributing to better organizational management. In addition, growing metropolitan growth, rising migration trends, public policies for the construction of smart cities and improved travel convenience are considered to be core drivers for the transport analytics industry in the coming years. The necessity to meet the strict regulatory transport policies of different countries is one of the limiting factors for the growth of the transport analytics market.
The market research study on “Transportation Analytics Market (By Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics; By Mode: Railways (Performance Management, Rail Traffic Management, Others (Planning & Maintenance and Customer Satisfaction)), Roadways (Road Safety Management, Road Traffic Management, Others (Planning & Maintenance and Customer Satisfaction)), Airways (Air Traffic Management, Route Optimization, Others (Planning & Maintenance and Customer Satisfaction)), Waterways (Ship Monitoring, Route Optimization, Others (Planning & Maintenance and Customer Satisfaction))) - Global Industry, Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers detailed insights on the global transportation analytics market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report provides insights on global transportation analytics market are type, mode and major geographic regions. The transportation analytics market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The advanced growth of infrastructure and transport operations dominates the market in North America mainly. In Asia-Pacific, the fastest-growing market is identified due to rapid development and urbanization of countries and investments in the transport sector and the region major automobile operators. Due to funding and large European Commission investment in Europe's connecting facilities, the European Region is estimated to hold a significant share in a forecast period and economies such as the UK, Spain, France and Germany are fast increasingly focusing on the application of transport analysis. In addition, the transport analysis market will increase substantially, driving factors such as government support, and investment in the development of transport infrastructure and facilities.
In this tough time, smart mobility after Covid-19 is a key concern. Transport is among the world's most affected sectors, and its business models and models will certainly need to change. The transportation companies and the government face several problems and explore in order to gain customer confidence and safeguard safety. Most people who traveled through the areas are now at home. This has reduced transport vehicle movement throughout the world. All modes of transport, such as trains , buses, flights and cars, are retained except in the event of a reduced pandemic. However, what is most important is the effect on the transport industry, after corona, in transport. The mobility market will have to adapt its operating strategies and policies accordingly because there will continue to be social isolation and the possibility of being compromised.
Major players included in this report are Siemen, Envista Cubic, Cellint, Alteryx, IBM, Kapsch Trafficcom, Indra Sistema, Trimble, TomTom, INRIX,Iteris, Conduent, Hitachi, Thales, Techvantage, CARTO, Syntelic, OmniTracs, SmartDrive Systems, and others. These performers have adopted different growth strategies, such as partnerships, agreements and collaborations, new product launches, product improvement and acquisitions, in order to further expand their presence in the global market for transportation analytics. The main players' strategies from 2017 to 2019 were new product launches and product enhancements, which helped to innovate their products and expand the client's base.
The global transportation analytics market is segmented as below:
Transportation Analytics Market By Type
Transportation Analytics Market By Mode
Transportation Analytics Market By Geography
Middle East & Africa
Growing need and adoption of advanced and connected technologies with options such as traffic sensors, electronic access, mobility management, and monitoring display system in the transportation system is expected to drive the growth of the transportation analytics market.
The growth of the transportation analytics market is the need to meet the strict regulatory transportation policies of different countries is a major factor expected to restraint the growth of the market.
The market value of transportation analytics is anticipated to be around US$ 31,000 Mn in 2027.
It is anticipated to grow around 20% CAGR amid the forecast period.2020-2027
The key players operating in transportation analytics market such as Siemen, Envista Cubic, Cellint, Alteryx, IBM, Kapsch Trafficcom, Indra Sistema, Trimble, TomTom, INRIX,Iteris, Conduent, Hitachi, Thales, Techvantage, CARTO, Syntelic, OmniTracs, SmartDrive Systems, and others.
Europe is projected to grow at a fast pace during forecast period from 2020-2027.
The report provides insights on global transportation analytics market segment by type, mode, and major geographic regions.