Transportation Analytics Market size is expected to grow from USD 10.3 Billion in 2019 to USD 27.4 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period according to report published by MarketsandMarkets. The major factors driving the growth of transportation analytics market include the increasing population and adoption of connected and smart technologies in transportation infrastructure. Predictive analytics for managing transportation can be useful to make commercial as well as personal transport easier, particularly in terms of cost-efficiency. In transit, it can be used to improve productivity, fuel optimization, and people efficiency thus lowering the operational costs.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77033915
Predictive analytics segment to have the largest market size during the forecast period
The transportation analytics market has been segmented based on type into three categories Descriptive analytics, predictive analytics, and prescriptive analytics. The predictive analytics segment is estimated to hold a larger market size, because predictive analytics for managing transportation can be useful to make commercial as well as personal transport easier, particularly in terms of cost-efficiency. Moreover, it can be used to improve productivity, fuel optimization, and people efficiency thus lowering the operational costs
Roadways mode to hold the largest market size during the forecast period
The use of transportation analytics solution is increasing rapidly in roadways to ease congestion and improve road safety by effective monitoring and management of vehicular traffic; this would eventually accelerate the use of analytics in the transportation industry. Transportation analytics can help in understanding the reason for the crashes and help to overcome these issues.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=77033915
Europe to hold the largest market size during the forecast period
Europe is a significant revenue-generating region for the transportation analytics market. This region is considered as the most advanced region in terms of technology adoption and infrastructure. The extensive presence of key industry players offering transportation analytics solutions and services is the key driving factor for the growth of the transportation analytics market. Enterprises in this region are leveraging IoT, AI and analytical technologies in their business processes to gain a competitive edge in the market.
The major transportation analytics vendors include IBM (US), Siemens(Germany), Cubic (US), Cellint (Israel), Alteryx (US), Kapsch Trafficcom (Austria), INRIX (US), Indra Sistema (Spain), Trimble (US), TomTom (Netherland), Iteris (US), Conduent (US), Hitachi (France), Thales (France), OmniTracs (US), Techvantage (US), CARTO (US), Syntelic (US), SmartDrive Systems (US), Envista (US).
Related Reports:
Generative Design Market Growth Insight, Share, Trends, Industry Key Players, Regional Forecast to 2024
Microlearning Market Trend, Global Industry Size, Price, Future Analysis, Regional Outlook to 2024
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
No comments:
Post a Comment