Transportation Analytics Market is set for a Rapid Growth and is Expected to Reach USD 155.94 Billion by 2032

Zion Market Research has published a new report titled. “Transportation Analytics Market by Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Diagnostic Analytics) by Mode (Roadways, Airways, Railways, and Waterways): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032.” According to the report, global demand for transportation analytics market was valued at USD 26.24 Billion in 2023, and is expected to reach USD 155.94 Billion in 2032, growing at a rate of 21.9% between 2024 and 2032.

Browse the full “Transportation Analytics Market by Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics, and Diagnostic Analytics) by Mode (Roadways, Airways, Railways, and Waterways): Global Industry Perspective, Comprehensive Analysis and Forecast, 2018 – 2025.” Report at https://www.zionmarketresearch.com/report/transportation-analytics-market

Transportation analytics ensure efficient transportation of people and goods by using structure, built on the insights of analytics. It provides an idea about the route, driver, unloading time, and drive time. 

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 fueling the demand for transportation analytics. Analytics provides visibility of relevant information, which leads to better management of operations. Further, increasing urban population, rising demographic rate, government initiatives towards smart city development and increasing travel convenience are considered as significant drivers for the transportation analytics market over the coming years. One of the restraining factors for the growth of the transportation analytics market is the need to meet the strict regulatory transportation policies of different countries.

Segmentation of the transportation analytics market is classified by type, mode, and region. Based on type, the global transportation analytics market is further divided into predictive analytics, descriptive analytics, prescriptive analytics, and diagnostic analytics. The predictive analytics is anticipated to hold a considerable share of the transportation analytics market over the coming years considering the factors such as for forecasting and shaping results. Thus it allows identification and better management in transportation. In transportation, it will lead to improved safety, fuel optimization, improve productivity and allocating the availed sources to enhance customer satisfaction. 

The mode segment is bifurcated into roadways, railways, airways, and waterways. The roadways segment is expected to hold a significant share owing to traffic management, improvement of road safety by data collection and monitoring through satellite and GPS. Moreover, transportation analytics solutions provide information related to traffic so that travelers can travel conveniently by avoiding any traffic jams. It will eventually drive the usage of transportation analytics solutions in the industry. 

The regional segmentation consists of the historical and forecast market for North America, Latin America, Middle East & Africa, Asia Pacific, and Europe. The regional segment is further segregated into U.S., UK, Germany, France, China, India, Japan, and Brazil among others. European region is estimated to hold a notable share over a forecast period, due to funding and a large investment by European commission under connecting Europe facilities, rapidly increasing economies such as UK, Spain, France, and Germany are focusing on transportation analytics implementation. Further, factors such as government support and investment in development of transportation infrastructure and facilities will lead to grow the transportation analytics market at a substantial rate.

Detailed analysis of the major players in the global transportation analytics market includes their financial overview, recent developments, business strategies, and the product by them in the market. Major competitors included in this report are IBM Corporation, INRIX, Cubic, Cellint, Hitachi, Kapsch Trafficcom, Siemens, SmartDrive Systems, Syntelic, and OmniTracs among others. 
 

This report segments the global transportation analytics market as follows:

Global Transportation Analytics Market: Type Segment Analysis

• Predictive Analytics
• Descriptive Analytics
• Prescriptive Analytics
• Diagnostic Analytics

Global Transportation Analytics Market: Mode Segment Analysis

• Roadways
• Airways
• Railways
• Waterways

Global Transportation Analytics Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa

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