Report Ocean introduces a fresh report examining the Transportation Analytics Market, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
Obtain a comprehensive report on the Transportation Analytics Market, which includes a full table of contents, over 200 tables and figures, and charts. The report provides precise information on the market before and after the COVID-19 outbreak, segmented by region.
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Global Transportation Analytics Market is valued at approximately USD 9.62 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 15.6% over the forecast period 2022-2029. Transportation Analytics deals with the large amount of data that is generated and present in distribution operations. Moreover, organizations can use this data as a guide to get data-based business insights. Additionally, transportation analytics offers useful metrics at every point in the delivery process. It not only helps to identify the company’s weakest and strongest areas, but it also produces reliable deliverables that the company can share with clients. Furthermore, Big data analytics are also widely applied in supply chain management to assess operational risks, enhance communication, secure confidential information, and increase supply chain accessibility. The increasing adoption of Advanced Traffic Management Systems (ATMs) and growing usage of AI and ML technologies are key factors driving the market growth.
Over the years the adoption of artificial intelligence and machine learning technology has significantly increased. For instance – as per Statista – as of 2021, the global artificial intelligence market was valued at USD 34.87 billion, and as per projections, the market is expected to grow to USD 1591 billion by 2030. Also, favorable government initiatives for the development of smart cities and rising expansion of logistics & transportation industry would create a lucrative growth prospectus for the market over the forecast period. However, data security and privacy concerns associated with Transportation Analytics solutions stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Transportation Analytics Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players as well as increasing adoption of transportation analytics solutions from leading logistics and transportation companies in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising investment in smart cities and smart transportation as well as growing expansion of logistics and transportation industry in the region.
Major market players included in this report are:
IBM Corporation
Cubic Corporation
Sisense Inc.
Oracle Corporation
Inrix Corporation
Cellint Corporation
Alteryx Inc.
Hitachi Ltd.
SmartDrive Systems Inc.
Omnitracs LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Type
Descriptive
Predictive
Prescriptive
By Deployment
On-premises
Cloud
Hybrid
By Application
Traffic Management
Logistics Management
Planning & Maintenance
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Reasons to Consider Purchasing the Transportation Analytics Market Report:
Comprehensive Market Insights: Delve into the depths of the Transportation Analytics Market Report to gain an all-encompassing and meticulous analysis of the market landscape. Uncover details such as market size, share, trends, and growth catalysts, which provide invaluable perspectives on both the present market scenario and its promising future prospects.
Reliable Projections: Rely on the report’s dependable forecasts and projections, which are underpinned by rigorous research methodologies, insights into industry expenditures, and assessments of market expansion rates. These foresights empower businesses to make well-informed decisions and chart out effective strategies for the times ahead.
In-depth Competition Analysis: Equip yourself with an extensive evaluation of key market players, their array of products, and the strategies they employ. This comprehensive understanding arms businesses with the knowledge needed to not only comprehend their rivals but also to craft strategies that position them ahead in the dynamic market arena.
Clear Market Scope and Segmentation: Gain clarity on the broad expanse of the market through the report’s clear delineation of market scope. With detailed insights into diverse market segments and their growth potential, businesses can discern and capitalize on opportunities that align with their objectives.
Insightful Regional Examination: Assess the market’s performance across different regions, enabling enterprises to pinpoint lucrative markets and tailor their approaches accordingly. With region-specific insights, businesses can adapt strategies that resonate with the unique dynamics of each area.
Evaluation of Industry Technology: Grasp the pulse of technological progress within the Transportation Analytics market. The report dissects cutting-edge advancements and trends, providing businesses with a window into emerging technologies that have the potential to reshape the industry.
Dynamics of Supply and Demand: Acquire a profound comprehension of supply-demand dynamics. This understanding empowers businesses to optimize production, distribution, and inventory management processes, resulting in enhanced operational efficiency.
Informed Investment Decision Making: Leverage the report’s critical information and data-driven insights to facilitate informed investment choices within the Transportation Analytics market. Equipped with this knowledge, businesses can confidently allocate resources to avenues with the greatest potential for returns.
Unveiling Long-Term Growth Avenues: Through the scrutiny of trends and growth stimulants, the report illuminates the enduring opportunities the Transportation Analytics market holds. By identifying these sustainable growth prospects, businesses are poised to set a course for lasting success.
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