Global Transportation Analytics Market size was valued at USD 7.9 billion in 2021, and it is expected to reach a value of USD 22.5 billion by 2028, at a CAGR of 16.2% over the forecast period (2022-2028).
The key factors encouraging market expansion include things like the expanding acceptance of smart transportation initiatives and the Advanced Traffic Management Systems (ATMs) implemented globally. Other advantages provided by these analytics systems include a decrease in fuel use, trip time, and air pollution. Market expansion is projected to be aided by a move towards operational process automation using artificial intelligence (AI) and machine learning (ML).
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Transportation Analytics market and various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
The global transportation analytics market has been segmented based on type, application, and region. Based on type, the market is segmented into descriptive, predictive, and prescriptive. Based on the application, the market is segmented into traffic management, logistics management, planning & maintenance, and others. Based on region, the transportation analytics market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The use of transportation analytics solutions in relation to intelligent transportation systems is projected to further contribute to the market expansion, which will be pushed by various government efforts for the creation of smart cities. For instance, the US Department of Transportation contributed more than USD 63 billion to significant infrastructure projects for the transportation sector nationwide in 2018. The number of passenger and commercial cars has also increased, which has added to traffic congestion. The demand for analytics in intelligent transportation systems will help to lessen traffic congestion, reroute traffic, and reduce the likelihood of collisions. However, among the most important issues that analytics companies will need to deal with in the upcoming years are data security and privacy.
Restraint
Problems recovering ROI from old systems and the need to follow tight transportation regulatory norms are predicted to impede market expansion. Throughout the projection period, it is predicted that the transportation analytics market will encounter problems related to the transfer of a wide variety of commodities to the expanding market as well as integration issues over legacy systems and networks.
Market Trends
A variety of features, such as traffic volume counts, vehicle classification counts, travel time and delay studies, and parking studies are provided by the data gathering and analytics solutions now on the market. City planners are monitoring traffic volume and other characteristics to construct models that will optimise the use of public transportation and traffic flow, ensuring improved connection and safety for commuters. For instance, more than 10 billion data points were gathered for the Citi Logik and Vodafone initiative with Transport for London (TfL). These data points were used to power numerous algorithms that produced journey matrices of roughly 1.2 billion journeys. The same data was also used to supplement the data from the current roadside sensor network for additional activities. As a result, over the course of the forecast period, applications of analytics will quickly enhance operational and management tasks in the transportation sector.
Table of Contents
Executive Summary
Market overview
- Exhibit: Executive Summary - Chart on Market Overview
- Exhibit: Executive Summary - Data Table on Market Overview
- Exhibit: Executive Summary - Chart on Global transportation analytics market Characteristics
- Exhibit: Executive Summary - Chart on Market by Geography
- Exhibit: Executive Summary - Chart on Market Segmentation
- Exhibit: Executive Summary - Chart on Incremental Growth
- Exhibit: Executive Summary - Data Table on Incremental Growth
- Exhibit: Executive Summary - Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy-scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global transportation analytics market size and forecast 2022-2028 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2022-2028 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
- Global transportation analytics market by Type
- Market segments
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Data table on Market share 2022-2028 (%)
- Descriptive
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Predictive
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Prescriptive
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Global transportation analytics market by Application
- Market segments
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Data table on Market share 2022-2028 (%)
- Traffic Management
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Logistics Management
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Planning & Maintenance
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Others
- Market Estimates & Forecast, 2021-2028
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
Market Size by Region
- Chart on Market share by geography 2022-2028 (%)
- Data Table on Market share by geography 2022-2028(%)
- North America
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- USA
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Europe
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- Germany
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Asia Pacific
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- China
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Latin America
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- Brazil
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2022-2028 (%)
- Data Table on Market share by country 2022-2028(%)
- GCC Countries
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
- Exhibit: Chart on Market share 2022-2028 (%)
- Exhibit: Market size and forecast 2022-2028 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Cellint (Israel)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Cubic Corporation (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Iteris Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Deltion, Ltd. (UK)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Hitachi Ltd. (Japan)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Garmin, Ltd. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- IBM (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Inrix, Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- TomTom International B.V. (Netherlands)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Oracle (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Ryder Systems, Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Envista LLC (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Syntelic Solutions Corporation (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Trimble Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- SmartDrive Systems Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Kewill India PVT. LTD (India)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Qualcomm Technologies Inc. (US)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments
- Traffic Master (UK)
- Exhibit Company Overview
- Exhibit Business Segment Overview
- Exhibit Financial Updates
- Exhibit Key Developments