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

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.

As part of the American Jobs Plan, almost 20,000 miles of highways, roadways, and streets will be upgraded. The most crucial bridges in several regions would be renovated. On behalf of the United States Department of Transportation (U.S. DOT) and all significant modes, the Intelligent Transportation Systems Joint Program Office (ITS JPO) of the U.S. DOT's Research and Innovative Technology Administration carries out research to advance transportation mobility, safety, and environmental sustainability. The deployment of a number of contemporary ICT technologies, such as electronic toll collection and traveler information systems, will be accelerated by the ITS JPO Strategic Plan 2020–2025.