The latest Transportation Analytics Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
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.
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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
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Recent Developments in the Market:
In September 2021, Ontario, Canada based Geotab, one of the leaders in IoT and connected transportation, through its Geotab Intelligent Transportation Systems (ITS) line of business announced the launch of a new transportation analytics platform.
Global Transportation Analytics Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Deployment, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
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.
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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
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Some Questions Answered in the Transportation Analytics Market Report:
- What is the projected size of the global Transportation Analytics market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Transportation Analytics industry?
- What are the major market trends that are affecting the expansion of the Transportation Analytics market?
- What obstacles must be overcome in order to achieve sustained growth in the Transportation Analytics market?
- What opportunities and threats do vendors in the global Transportation Analytics market face?
- What are the raw materials and manufacturing equipment used in the production of Transportation Analytics, and what is the manufacturing process?
- What are the different types and applications of Transportation Analytics, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Transportation Analytics market?
- What factors are driving the growth of the Transportation Analytics market in the top regions worldwide?
- Who are the major players in the global Transportation Analytics market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Transportation Analytics market?
- What are the main findings of a five forces analysis of the global Transportation Analytics market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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