Transportation Analytics Market


The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Transportation Analytics Market. The growth sectors of the Transportation Analytics Market are identified with precision for a better growth perspective.

In this rapid advancement in technology industry. To have accurate and precise data of transport management and the increase demands of efficient transportation, avoidance of accident technology and reducing the overall risk management and safety measures. The integral part of the better transportation decision drive transportation predictive management and increasing focus of government in building efficient transportation system is resulting in the growth of transportation predictive analytics market. The existing issues such as lack of safe transportation and more importance towards passengers safety .The increasing demand of transportation predictive analytics market is because of the business which are highly involved in transportation are increasing rapidly.

The transportation predictive analytics market is growing rapidly over 22% of CAGR and is expected to reach at USD ~1,900 million by the end of forecast period.

Transport Predictive Analytics Market Segmentation

The transportation predictive analytics market has been segmented on the basis of component and transport type. On basis of component type the transportation predictive analytics market consists software and hardware. The study indicates that software service solutions would grow at a highest rate in the transportation predictive analytics market by the forecast period. The increasing penetration of cloud based services and demand for smart transport management are expected to drive the software-as-a-service market. Whereas based on transport segment the aviation and roadway system will have the largest market share.

The prominent players in the transportation predictive analytics market are Cubic Corporation (U.S.), Microsoft Corporation (U.S), International Business Machines Corporation (U.S.), Xerox Corporation (U.S.), SAP SE (Germany), Space Time Insight, Inc. (U.S.), Predikto Inc. (U.S.), Cyient Insights (India), Tiger Analytics (U.S.), T-Systems (Germany), among others.

Market Research Analysis:

Market Research Future Analysis shows that new adoptions of cloud computing, evolution of wireless network and Internet of things (IoT) would result in sudden hike in transportation predictive analytics market. It has been observed that developments in smart city concept result in significant growth of transport predictive analytics market. The major benefits of transportation predictive analytics market are improved safety, higher productivity and efficiency, more safety of passengers. These factors would definitely increase the transportation predictive analytics market very soon.

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Transportation Predictive Analytics Market Research Report Forecast 2022 | MRFR
Transportation predictive analytics market is growing rapidly over 22% of CAGR and is expected to…

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