Uploaded on Dec 30, 2020
The global transportation predictive analytics market is expected to grow at USD ~1,900 Million by 2022, at ~22% of CAGR between 2016 and 2022
Transportation Predictive Analytics Market
Market Highlights
Market Research Future (MRFR) studied the impact of social distancing due to coronavirus
pandemic on the worldwide transportation predictive analytics market across the review period
(2016-2022). The expansion of the transportation predictive analytics market can be at 22% CAGR
across forecast period. MRFR study shows that the transportation predictive analytics market rise
can be attributed the increase in volume of data in the transportation sector. The rise in need for
better business technology that offers high predictive score for customers as well as organizational
elements can prompt the expansion of the transportation predictive analytics market.
The growing demand for cost effective solutions, operational efficiency, integrated security &
safety, and better pricing of data in the transportation sector can propel the growth of the global
transportation predictive analytics market. In the era of rapid technological progression, accurate
data for transport management and the need for efficient transportation can support the expansion
of the market.
The growing need to minimize the overall risk abled via transportation predictive analytics
management can support the expansion of the worldwide market. The inclination towards
advanced analytics to predict customer demands and future outcomes can promote the
transportation predictive analytics market growth.
On the downside, the high initial price and technical challenges can restrain the expansion of the
transportation predictive analytics market.
Segmentation:
The segment study of the global transportation predictive analytics market is based on end-user,
component, and transportation type.
The mode of component based segments of the global transportation predictive analytics market
are software and hardware. The software service solution segment can expand at the highest
growth pace due to the rise in the penetration of cloud-based services along with the augmented
demand for smart transport management solutions.
The mode of transportation type based segments of the global transportation predictive analytics
market are aviation, roadway, railway, and maritime. The aviation and roadway systems can gain
considerable revenue for the market in the near future,
The mode of end-user based segmenst of the world transportation predictive analytics market are
public enterprises and private enterprises.
Regional Analysis
The transport predictive analytics market in North America is likely to head the world market
through the evaluation period. The increase in advanced infrastructure developments pertaining to
transport operations can spur the expansion of the regional market. Europe transportation
predictive analytics market can rise exponentially across the study period due to similar growth
factors observed in North America.
In Asia Pacific region, the transportation predictive analytics market can exhibit rapid expansion
through the review period. The rapid technical advancement with rise in urbanization, plus high
investment in notable automotive players and the fast paced expansion of the transportation sector
in the region can impel the expansion of the regional market. The penetration of the transportation
predictive analysis in supply chain analytics, along with manufacturing and retail industries can
boost the expansion of the regional market.
Competitive Dashboard
MRFR profiled top-notch players operating in the world transportation predictive analytics market.
They are; Predikto Inc. (U.S.), SAP SE (Germany), Microsoft Corporation (U.S), Xerox Corporation
(U.S.), T-Systems (Germany), Tiger Analytics (U.S.), International Business Machines Corporation
(U.S.), Cyient Insights (India), Cubic Corporation (U.S.), and Space Time Insight Inc. (U.S.). These
reputed companies are observed to invest largely in product launch as an initiative to gain global
recognition. Strategic partnership and mergers are other methods key players are opting to secure
a global foothold. The report cooked by proficient analysts of MRFR offers insights on the market
dynamics that can assist investors to stay ahead of the curve.
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