About Transportation Analytics
The global transportation systems and analytics market are expected potential growth in the next few years, due to Rapid globalization, high travel convenience, and hyper-urbanization. Transportation analytics helps in extracting all the data related to transportation and provides actionable insights. It involves high-performance reporting and analysis tools to measure the performance of transport logistics. Transportation data from a variety of different sources automatically flows into an analysis system in a secure way. It is then associated together and processed to generate detailed figures and reports. Escalating the need for improved access to resources, customer base, and systems that provide proficient control to companies to efficiently manage vehicle traffic may spur demand.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 15.6% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Transportation Analytics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Siemens(Germany), Cubic (United States), Cellint (Israel), Alteryx (United States), Kapsch Trafficcom (Austria), INRIX (United States), Indra Sistema (Spain), Trimble (United States) and TomTom (Netherland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Iteris (United States), Conduent (United States), Hitachi (France), Thales (France), OmniTracs (United States), Techvantage (United States), CARTO (United States), Syntelic (United States), SmartDrive Systems (United States) and Envista (United States).
Segmentation Overview
AMA Research has segmented the market of Global Transportation Analytics market by Type (Descriptive Analytics, Predictive Analytics and Prescriptive Analytics), Application (Remote sensing, Transit management, Traffic incident management and Others) and Region.
On the basis of geography, the market of Transportation Analytics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Products, the sub-segment i.e. Displays will boost the Transportation Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Analytics solution will boost the Transportation Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Verticals, the sub-segment i.e. Roadways will boost the Transportation Analytics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Initiatives for Smart Cities and Rising Urban Population and High Demographic Rates
Market Growth Drivers:
Growing Adoption of Connected and Smart Technologies in Transportation Infrastructure
Challenges:
Moving Diversified Portfolio of Goods to the Growing Marketplace and Integration Complexities Over Legacy Systems and Network
Restraints:
Recovering RoI From Legacy Systems
Opportunities:
Designing and Developing Connected Vehicles Compatible With Its and Evolution of Semi-Autonomous and Autonomous Vehicles
Market Leaders and their expansionary development strategies
In May 2019, IBM partnered with Maersk, a Danish transport and logistics company, to create a blockchain-based shipping and supply chain company. The primary goal of the venture is to commercialize blockchain for all aspects of the global supply chain system, ranging from shipping to ports and banks to customs offices.
In January 2019, Cubic has acquired GRIDSMART Technologies a market-leading, technology-driven business with a differentiated video tracking offering for the Intelligent Traffic Systems for approximately USD 87 million in cash. This acquisition helps to expand intelligent traffic management offering.
Key Target Audience
Government Regulatory Bodies, Private Research Organization, Government Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.