|Market Size in 2018||Market Forecast in 2026||CAGR (in %)||Base Year|
|USD 8.4 Billion||USD 29.6 Billion||19.7%||2018|
Transportation Analytics Market
The global Transportation Analytics market size was evaluated at $8.4 Billion in 2018 and is slated to hit $29.6 Billion by the end of 2025 with a CAGR of nearly 19.7% between 2019 and 2025.
This report analyzes and estimates the transportation analytics market at the global, regional, and country levels. The research study provides past data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). Assessment of the transportation analytics market provides thorough insights into the market drivers and restraining factors along with their impact analysis at a global level from 2016 to 2025.
The report covers an in-depth analysis of the strategies adopted by key competitors in the transportation analytics market. To understand the competitive landscape in the transportation analytics market, Porter’s Five Forces analysis is also covered. The research study consists of a market attractiveness analysis, wherein type, mode, and regional segments are benchmarked on the basis of their growth rate and market size.
|Report Attributes||Report Details|
|Report Name||Transportation Analytics Market Research Report|
|Market Size in 2018||USD 8.4 Billion|
|Market Forecast in 2025||USD 29.6 Billion|
|Growth Rate||CAGR of 19.7%|
|Number of Pages||255|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||IBM Corporation, INRIX, Cubic, Cellint, Hitachi, Kapsch Trafficcom, Siemens, SmartDrive Systems, Syntelic, and OmniTracs among others.|
|Segments Covered||By Type, By Mode, By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East and Africa (MEA)|
|Historical Year||2016 to 2018|
|Forecast Year||2019 - 2025|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
The research study provides a decisive view of the transportation analytics market based on type, mode, and region. All the segments of the transportation analytics market have been analyzed based on past, present, and future trends. The market is estimated from 2019 to 2025.
The descriptive analytics segment is projected to grow at a notable rate owing to its rising demand in developing economies of the Asia Pacific region. Roadways, airways, railways, and waterways form the mode segment of the global transportation analytics market.
The roadways segment is estimated to hold a notable chunk of the market considering the rising demand for solutions to reduce traffic congestion in top cities. The regional segmentation includes the past, present, and future demand for regions such as the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further classified into the U.S., UK, France, Germany, China, Japan, India, and Brazil among others.
Detailed analysis of the major players in the global transportation analytics market includes their financial overview, business strategies, current developments, and the product by them in the market. This will help in analyzing the market competition.
Key competitors comprise in this report are
Transportation analytics uses data analysis and advanced analytical methods to inform transportation and logistics choices. It entails gathering, processing, and analyzing data on vehicles, routes, traffic patterns, supply chains, and operational efficiency.
Growing need and adoption of advanced and connected technologies with options such as traffic sensors, electronic access, mobility management, and monitoring display system in the transportation system is fueling the demand for transportation analytics.
According to the report, global demand for transportation analytics market was valued at USD 8.4 Billion in 2018, and is expected to reach USD 29.6 Billion in 2025, growing at a rate of 19.7% between 2019 and 2025.
European region is estimated to hold a notable share over a forecast period, due to funding and a large investment by European commission under connecting Europe facilities, rapidly increasing economies such as UK, Spain, France, and Germany are focusing on transportation analytics implementation.
Major competitors included in this report are IBM Corporation, INRIX, Cubic, Cellint, Hitachi, Kapsch Trafficcom, Siemens, SmartDrive Systems, Syntelic, and OmniTracs among others.