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

Transportation Analytics Market Driver

Deployment of Advanced Traffic Management Systems and Use of Automation is expected to boost the market growth

• 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.
• The tendency to automate operations is growing, which accelerates market expansion. The transportation analytics industry is incorporating a number of cutting-edge automation technologies, including artificial intelligence (AI) and machine learning (ML).
• Government programs with weightage on creation of smart cities across regions has an additional impact on the market expansion. The ongoing growth of the market is aided by the increasing integration of transportation analytics products with intelligent transportation systems.
• Additionally, the market for transportation analytics is benefited by expanding urbanization, lifestyle changes, a boom in investments, and rising consumer expenditure.

Transportation Analytics Market Restraint

Use of outdated systems and improvements in regulatory standards to impede the market growth

• Market expansion is anticipated to be hampered by problems recouping ROI from outdated systems and the requirement to adhere to strict transportation regulatory standards. 
• The transportation analytics market is anticipated to face challenges from transferring a diverse array of commodities to the expanding market as well as integration difficulties over legacy systems and networks during the forecast period of 2023–2030.