Global transportation analytics market

Transportation Analytics Market Size, Share, Growth Analysis, By Type (Descriptive Analytics, Predictive Analytics), By Deployment (Cloud, On-Premises), By Mode (Roadways, Railways), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45B2094 | Region: Global | Published Date: November, 2024
Pages: 265 | Tables: 64 | Figures: 75

Transportation Analytics Market Competitive Landscape

Industry participants are projected to find that strategic alliances, mergers, and acquisitions are the most efficient means of expanding their access to growing markets and their technological prowess. Additionally, it is anticipated that product innovation and distinctiveness would open up new business opportunities. In addition, the growing startup scene and transport analytics startups like TERAKI, Populus.ai, Sixgill, Conduent, Urbanlogiq, Motion tag, IoTium, Immense simulations, Cyberowl, Emu Analytics, and B-Line Transportation, among others, could create competition.

In January 2019 Cubic bought Gridsmart Technologies Inc, the maker of video tracking devices. GRIDSMART Technologies Inc. specializes in video detection at junctions utilizing computer vision modeling and machine learning, which will expand Cubic Corporation's product line and clientele.

Top Players in the Transportation Analytics Market

  • IBM (US) 
  • Siemens (Germany) 
  • Cubic (US) 
  • Cellint (Israel) 
  • Alteryx (US) 
  • Kapsch Trafficcom (Austria) 
  • INRIX (US) 
  • Indra Sistemas (Spain) 
  • Trimble (US) 
  • TomTom (Netherlands) 
  • Iteris Inc. (US) 
  • Conduent (US) 
  • Hitachi (Japan) 
  • Thales Group (France) 
  • OmniTracs (US) 
  • Techvantagee (US) 
  • CARTO (Spain) 
  • Syntelic (US) 
  • SmartDrive Systems (US) 
  • Envista (US)

Transportation Analytics Market Recent Development

  • In September 2021, Geotab, a connected transportation solutions provider, launched a new transportation analytics platform within its Intelligent Transportation Systems (ITS) line of business.
  • In January 2020, Sisense merged with Periscope Data, which is now branded and sold as Sisense for cloud data teams. The merger of the two companies will help bring together an independent, unified, and end-to-end data analytics platform for their customers.
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FAQs

Global Transportation Analytics Market size was valued at USD 25.6 billion in 2022 and is poised to grow from USD 31.16 billion in 2023 to USD 149.92 billion by 2031, growing at a CAGR of 21.7% during the forecast period (2024-2031).

Industry participants are projected to find that strategic alliances, mergers, and acquisitions are the most efficient means of expanding their access to growing markets and their technological prowess. Additionally, it is anticipated that product innovation and distinctiveness would open up new business opportunities. In addition, the growing startup scene and transport analytics startups like TERAKI, Populus.ai, Sixgill, Conduent, Urbanlogiq, Motion tag, IoTium, Immense simulations, Cyberowl, Emu Analytics, and B-Line Transportation, among others, could create competition. 'IBM (US) ', 'Siemens (Germany) ', 'Cubic (US) ', 'Cellint (Israel) ', 'Alteryx (US) ', 'Kapsch Trafficcom (Austria) ', 'INRIX (US) ', 'Indra Sistemas (Spain) ', 'Trimble (US) ', 'TomTom (Netherlands) ', 'Iteris Inc. (US) ', 'Conduent (US) ', 'Hitachi (Japan) ', 'Thales Group (France) ', 'OmniTracs (US) ', 'Techvantagee (US) ', 'CARTO (Spain) ', 'Syntelic (US) ', 'SmartDrive Systems (US) ', 'Envista (US)'

One of the key reasons propelling the growth of the transportation analytics market is the rise in the deployment of advanced traffic management systems (ATMs) and smart transportation initiatives globally. Because of the advantages provided by these analytics, such as reductions in fuel usage, air pollution, and travel time, there has been an increase in demand for these solutions.

Transportation Infrastructure to Gain Momentum: Transportation systems and analytics are in high demand as a result of the development of electronic access, mobility management, traffic sensors, and displays to effectively monitor the system. Greater communication, increased safety, and upgraded infrastructure that automates control system management are the main benefits of the proliferation of smart cars on smart roads. The transportation systems and analytics industry may benefit from an increase in travelers understanding of how to effectively manage, monitor, and streamline their journey as well as from less congestion and traffic management.

In 2022, North America is anticipated to hold the biggest market share, at 38%. The market for transportation systems and analytics is most developed in North America. Several ITS systems are in place to handle the area's expanding traffic and public transportation infrastructure. Commercial drone sales in the region are increasing rapidly as a result of rigorous regulations on drone pilots and registrations being implemented by nations like the United States. As a result, it is anticipated that during the projected period, the aviation industry would experience a large increase in demand for ITS systems. The region's demand for Transportation Systems and Analytics is driven by the region's significant demand for dedicated short-range communication devices that stop traffic congestion in both passenger and commercial road vehicles.

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Global transportation analytics market

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