Global Transportation Analytics Market – Industry Trends and Forecast to 2029

Global Transportation Analytics Market, By Type (Descriptive Analytics, Predictive Analytics, Prescriptive Analytics), Mode (Roadways, Railways, Airways, Waterways, Others), Deployment (On-Premise, Cloud, Hybrid), Solution (Analytics Solutions, Advanced Transportation Control Systems, Management Solutions, Services), Application (Remote Sensing, Transit Management, Traffic Management, Incident Management, Logistics Management Others) - Industry Trends and Forecast to 2029

Market Analysis and Size

Transportation data analytics is gaining significant relevance as it facilitates information and insights. This technology makes transportation planning faster, easier, cheaper, and safer to acquire and understand critical information. These were useful in the COVID-19 as assist in making informed decisions based on recent, and accurate data.

Global Transportation Analytics Market was valued at USD 15.65 billion in 2021 and is expected to reach USD 77.33 billion by 2029, registering a CAGR of 22.10% during the forecast period of 2022-2029. Predictive Analytics accounts for the largest type segment in the respective market owing to its ability to make commercial as well as personal transport easier. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Transportation analytics refer to the monitoring of efficient transportation with the use of a structure that is based on advanced analytics. These analytics deliver information regarding driver, drivetime, rout, and unloading time. It utilizes various components such as traffic sensors, monitoring display system, electronic access, mobility management system, and global positioning system, in the transportation system.

Report Scope and Market Segmentation

Transportation Analytics Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• Smart Transportation Initiatives

The increase in the adoption of smart transportation initiatives along with the Advanced Traffic Management System (ATMs) across the globe acts as one of the major factors driving the growth of transportation analytics market. An increase in demand for these solutions has been noticed owing to the benefits offered by these analytics such as decline in fuel consumption, air pollution and travelling time.

• Increase in Demand for Automation

The increase in inclination towards automation of operational processes accelerate the market growth. Various advanced automation technologies are being incorporated with the transportation analytics market such as Artificial Intelligence (AI) and Machine Learning (ML).

• Government Initiatives

The surge in government initiatives for the development of smart cities across regions further influence the market growth. The growing integration of transportation analytics solutions in relation to intelligent transport systems assists in the expansion of the market further.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the transportation analytics market.

Opportunities

Furthermore, designing and developing connected vehicles extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Evolution of semi-autonomous and autonomous vehicles will further expand the market.

Restraints/Challenges

On the other hand, issues with recovering RoI from legacy systems and need for compliance with stringent transportation regulatory policies are expected to obstruct market growth. Also, integration complexities over legacy systems and network and moving diversified portfolio of goods to the growing marketplace are projected to challenge the transportation analytics market in the forecast period of 2022-2029.

This transportation analytics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on transportation analytics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Transportation Analytics Market

The COVID-19 pandemic had a positive impact on the transportation analytics market. It helped millions of people globally in leveraging advanced tools for various applications, especially healthcare. Transportation analytics market was highly useful for making informed decisions based on recent, and accurate data, and delivering access and support for outlying areas and the underserved, among others. The transportation analytics market is expected to witness high growth Post-COVID-19 due to the adoption of automated processes along with AI, and IoT technologies.

Recent Developments

• IBM announced regarding their partnership with Maersk, a Danish transport and logistics company in May’2019 for developing a blockchain-based shipping and supply chain company. The aim of the partnership was to commercialize blockchain for all aspects of the global supply chain system.

Global Transportation Analytics Market Scope and Market Size

The transportation analytics market is segmented on the basis of type, mode, deployment, solution and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics

Mode

• Roadways
• Railways
• Airways
• Waterways
• Others

Deployment

• On-Premise
• Cloud
• Hybrid

Solution

• Analytics Solutions
• Advanced Transportation Control Systems
• Management Solutions
• Services

Application

• Remote Sensing
• Transit Management
• Traffic Management
• Incident Management
• Logistics Management
• Others

Transportation Analytics Market Regional Analysis/Insights

The transportation analytics market is analysed and market size insights and trends are provided by country, type, mode, deployment, solution and application as referred above.

The countries covered in the transportation analytics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the transportation analytics market due to the early adoption of transportation analytics solutions and increase in initiatives to enhance intelligent transportation practices within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the rise in the smart city and smart transportation initiatives undertaken in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Transportation Analytics Market

The transportation analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to transportation analytics market.

Some of the major players operating in transportation analytics market are

• Cellint (Israel)
• Cubic Corporation (US)
• Iteris Inc. (US)
• Deltion, Ltd. (UK)
• Hitachi Ltd. (Japan)
• Garmin, Ltd. (US)
• IBM (US)
• Inrix, Inc. (US)
• TomTom International B.V. (Netehrlands)
• Oracle (US)
• Ryder Systems, Inc. (US)
• Envista LLC (US)
• Syntelic Solutions Corporation (US)
• Trimble Inc. (US)
• SmartDrive Systems Inc. (US)
• KEWILL INDIA PRIVATE LIMITED (India)
• Qualcomm Technologies Inc. (US)
• Traffic Master (UK)
• Thales Group (France)
• Kapsch Ag (Austria)
• Decawave (Ireland)