Transportation Analytics Market - By Type (Descriptive Analytics, Predictive Analytics and Prescriptive Analytics), By Mode (Roadways, Airways, Railways and Waterways) and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

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. 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. 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.  

Market Segmentation:

On the basis of type, transportation analytics market is segmented into predictive analytics, descriptive analytics and prescriptive analytics. Based on segmentation it gives past, present and future analysis of market. Predictive analysis in managing transportation can be useful in making personal transportation easier, cost efficient as well as time saving. Based on mode global transportation analytics is segmented into roadways, airways, railways and waterways. The roadways segment is likely to hold large market considering the rising demand for solution to reduce traffic congestion. Additionally, data collection by GPS and satellite imaging services is helpful in traffic management. On the basis of region, transportation analytics market is classified into North America, Asia Pacific, Europe, and RoW.

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.

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.

Transportation Analytics Market Report Scope