Industry Background:
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.
According to AMA, the market for Transportation Analytics is expected to register a CAGR of 15.6% during the forecast period to 2026. This growth is primarily driven by Growing Adoption of Connected and Smart Technologies in Transportation Infrastructure.
Globally, a noticeable market trend is evident Government Initiatives for Smart Cities
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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.
Market Drivers
- Growing Adoption of Connected and Smart Technologies in Transportation Infrastructure
Market Trend
- Government Initiatives for Smart Cities
- Rising Urban Population and High Demographic Rates
Restraints
- Recovering RoI From Legacy Systems
Opportunities
Designing and Developing Connected Vehicles Compatible With Its and Evolution of Semi-Autonomous and Autonomous Vehicles
Challenges
Moving Diversified Portfolio of Goods to the Growing Marketplace and Integration Complexities Over Legacy Systems and Network
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Transportation Analytics Study Sheds Light on
The Transportation Analytics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Transportation Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Transportation Analytics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.