Press release
Transportation Predictive Analytics And Simulation Market is expected to reach US$ 3,916.6 Mn by 2027-end
Request sample:https://www.futuremarketinsights.com/reports/sample/rep-gb-2075
According to Future Market Insights’ report, connected cars are capable of generating information regarding traffic flow, engine performance, etc. in real time. This data can be extracted using transportation predictive analytics and simulation, thus providing better analysis of transportation authorities. In terms of value, the global transportation predictive analytics and simulation market was valued at US$ 1,550.0 Mn in 2016, and is expected to reach US$ 3,916.6 Mn by 2027-end. During this forecast period, the market will reflect robust growth at a CAGR of 8.9%.
Increasing vehicular traffics witnessed across the globe, and the earnest need for saving costs through cost-effective data solutions, and thereby rendering operational efficiency in logistics sector are also observed as key drivers for growth of global transportation predictive analytics & simulation market. In the report, titled “Transportation Predictive Analytics & Simulation Market: Global Industry Analysis and Opportunity Assessment, 2017-2027,” North America is projected to remain the largest market for transportation predictive analytics and simulation solutions North America’s transportation predictive analytics and simulation market will account for 35% of the market revenues by 2027-end. The region will also register fastest revenue growth at 10.5%, while Japan and the Asia-Pacific excluding Japan region will reflect growth at more than 9% CAGRs.
The report emphasizes on how predictive analytics can help companies to maximise revenue and minimise transportation costs by predicting customer demand while dealing with any capacity limitations. They can help airline companies devise a business strategy such as adjusting flight schedules or flight fares during different demand periods, and help maximise revenues as well as increase customer satisfaction. In 2016, more than US$ 230 Mn worth of transportation predictive analytics and simulation solutions were deployed in airline transport sectors across the globe. Nevertheless, in the long run, roadways will remain the most crucial component of transport for adoption of predictive analytics and simulation solutions; global revenues from which will soar at 9.8% CAGR through 2027.
Taking into account the rising use of microscopic transportation simulation platforms for infrastructure planning, more than one-third of global transportation predictive analytics and simulation revenues will be accounted by microscopic simulation throughout the forecast period. Demand for macroscopic simulation, however, is projected to witness marginal decline in terms of its global revenue share. The report also predicts that on-premise deployment models will lose traction, but will still dominate the market revenues. Meanwhile, cloud-based deployment of transportation predictive analytics and simulation in the forecast period will bring in over US$ 1,400 Mn in global revenues.
Request TOC:https://www.futuremarketinsights.com/askus/rep-gb-2075
More than 90% of the global transportation predictive analytics and simulation market will remain dominated by software over services. And, the report has profiled leading developers of transportation predictive analytics and simulation software & solutions, which include, IBM Corporation, Xerox Corporation, SAP AG, PTV Group, Cubic Corporation, Space-Time Insight, Tiger Analytics Inc., T-Systems International GmbH, Predikto Inc., and Cyient-Insights.
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Transportation Predictive Analytics And Simulation Market is expected to reach US$ 3,916.6 Mn by 2027-end here
News-ID: 1183441 • Views: …
More Releases from Future Market Insights - MRRSE
Reshaping the Culinary Landscape: Insights into the Used Commercial Kitchen Equi …
The forecast term is expected to see a moderately paced CAGR of 7.2% for the global market for secondhand restaurant equipment. The market for used restaurant equipment is expected to be worth US$ 6664.2 Million in 2023. By 2033, it is expected that the market for used restaurant equipment will have grown to a high of US$ 13356.6 million. The specialists at Future Market Insights have calculated a historical CAGR…
Poland IT Software and Service Market Size: Competitive Landscape and Recent Ind …
Future Market Insights (FMI) released its latest report titled, “Poland IT Software and Service Market Forecast and Assessment, 2014 – 2020”. According to the report, the Poland IT software and service market was valued at US$ 4,104.3 Mn in 2013 and projected to reach US$ 6,245.8 Mn by 2020, registering a CAGR of 5.9% during the forecast period.
The Poland IT software and service market is driven by factors such as…
Plant-based Butter Market to exhibit CAGR exceeding 7.5% through 2030 – Exclus …
Sales of vegan foods and beverages have gone up significantly owing to increased health awareness among consumers, especially in terms of effects from the consumption of animal-based products. The broader gains in the plant-based food category have rubbed off on varied categories, with plant-based butter sales gaining significant traction. The growing popularity of plant-based butter has led to specialty brands experimenting with new flavors and sources. A new study by…
Conference Room Solutions Market Worth US$ 1.18 Bn by 2021: FMI
As per the revised report by Future Market Insights (FMI), the global conference room solution market is expected to expand at a CAGR of 14.7% over the forecast period (2021-2031). Thanks to rising demand for improvement in enterprise communication network, the market valuation is expected to surpass US$ 1.18 Bn in 2021.
Conference room solutions provide on-demand tools for professional collaboration, online meetings, web conferencing and video conferencing services. It supports…
More Releases for Insight
Europe Predictive Maintenance Market, Segmentation, Insight, Scope, & Insight by …
Europe Predictive Maintenance Market will project a CAGR of 40.10% during the forecast up to 2029.
Predictive maintenance is known to lead a huge increase in ROI. It can decline maintenance costs up to 25%-30%, decrease breakdowns to 70%-75%, and reduce downtime to 35%-45%. These services are being highly deployed as they save overall cost for enterprises.
Europe Predictive Maintenance Market was valued at USD 490.88 million in 2021 and is expected…
Returnable Transport Packaging Market, Segmentation, Insight, Scope, & Insight b …
Returnable Transport Packaging Market grows at a CAGR of 5.9% in the forecast period 2021-2028.
Market Analysis & Insights: Returnable Transport Packaging Market
Returnable transport packaging market will grow at a rate of 5.9% for the forecast period of 2021 to 2028. Rising reduction in cost of supply chain cycle and reduction of operational cost which acts as an essential factor driving the returnable transport packaging market.
Traditional methods of packaging that…
Next-Generation Firewall Market, Segmentation, Insight, Scope, & Insight by 2028 …
Next-Generation Firewall Market grows at a CAGR of 11.9% in the forecast period 2021-2028.
Market Analysis & Insights: Next-Generation Firewall Market
The next-generation firewall market is expected to witness market growth at a rate of 11.9% in the forecast period of 2021 to 2028. Data Bridge Market Research report on next-generation firewall market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing…
System Integration Market, Segmentation, Insight, Scope, & Insight by 2028.
System Integration Market grows at a CAGR of 10.67% in the forecast period 2022-2029.
System Integration Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to…
Crypto Asset Management Market, Segmentation, Insight, Scope, & Insight by 2029.
Crypto Asset Management Market grows at a CAGR of 25.50% in the forecast period 2022-2029.
Market Analysis & Size: Crypto Asset Management Market
Cryptocurrency is one of the more exciting investing prospects to emerge in recent years. An increasing number of institutional investors and wealth managers who have never invested in cryptocurrencies are getting ready to do so in the upcoming year as their prices continue to rise. The global market…
Optical Waveguide Display Market, Segmentation, Insight, Scope, & Insight by 202 …
Optical Waveguide Display Market grows at a CAGR of 12.90% in the forecast period 2022-2029.
Market Analysis & Insights: Optical Waveguide Display Market
Augmented reality (AR) portable and wearable devices have emerged as one of the greatest technology in past few years. Optical waveguide technology has the best potential to enable the consumer-grade AR glasses owing to its appearance, mass production capability and optical performance. It is being considered an unparalleled choice…
