Global Transportation Analytics Market Size, Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts to 2030

Transportation Analytics is process which gives idea about efficient transportation of goods and people from one place to another. Inefficient transportation leads to difficulties such as more expenses and time consuming. It gives computational analysis of data and statistics. Global transportation analytics market size accounted approximate USD 12.46 billion in 2020 and it is expected to reach USD 83.8 billion in 2030 at a CAGR of 21.0% during the forecast period. The main benefit of global transportation analytics market is that it improves the customer service and it gives the efficient operation. Moreover, transportation analytics industry gives information related to traffic so that travelers can travel by avoiding traffic jams.
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Market Dynamics and Factors:
Increasing urban population, evolution of smart city development, importance of travel convenience is considered as the driving factors for global transportation analytics market. Moreover, varying travel demands and globalization expected to drive market growth during forecast period. Strict regulatory transportation policies of different countries are restraining factor for the growth of the global transportation analytics industry. Additionally, high cost in transportation analytics solution can restrain the transportation analytics market growth during forecast period. Increasing awareness and adoption of smart technologies in transportation can drive the adoption of transportation analytics market. Additionally, evolution of autonomous vehicle with inbuilt analytical capabilities is expected to drive the growth opportunities in the market. Growing competition within the transportation industries, rising fuel costs, demanding customers and need for optimized delivery times can be threats for the market.
Market Segmentation:
Global Transportation Analytics Market – By Type
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Global Transportation Analytics Market – By Mode
Roadways
Airways
Railways
Waterways
Global Transportation Analytics Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
Europe dominated the global transportation analytics market by accounting the largest market share in terms of revenue in 2019. It is expected to continue its supremacy during the forecast period. The region experiences the major developments in transportation analytics. The region is continuous involved in product innovation and deployment in theses solution and services. Factors such as large investment by European commission under connecting Europe, facilities, rapidly increasing economies such as UK, France Germany, Spain, are driving the transportation analytics market growth during forecast period. Government Support and investment in development of transportation infrastructure and facilities in Europe lead to grow the industry in Europe during forecast period.
Competitive Scenario:
Some of the key players in transportation analytics industry are IBM Corporation, Cellint Ltd., Hitachi Ltd., Siemens AG, Alteryx LLC., Indra Sistemas S.A., Tom Tom N.A., Smart Drive Systems Inc., Kapsch TrafficCom A.G., Omnitracs LLC., and Trimble navigation Ltd.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Transportation Analytics industry, although key threats, opportunities and disruptive technologies that could shape the Global Transportation Analytics Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Transportation Analytics Market most.
The data analysis present in the Global Transportation Analytics Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Transportation Analytics Market business.
The 2021 Annual Global Transportation Analytics Market offers:
100+ charts exploring and analysing the Global Transportation Analytics Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Transportation Analytics Market type
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