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Global Transportation Analytics Market To 2033 - Size, Share, Outlook, And Opportunity Analysis
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Transportation Analytics Global Market Report 2023 identifies rising government initiatives to develop smart cities are as the major driver for the Transportation Analytics market's growth in the forecast period. The increasing government initiatives for the development of smart cities and advanced commute systems are driving the growth of the transportation analytics market. A smart city is a developed urban area that excels in a number of critical areas, including economy, mobility, environment, people, lifestyle, and government. Smart cities use transportation analytics to monitor and manage their traffic systems. Monitoring equipment, such as sensors, is built into traffic lights and signals that continuously track traffic movement.
The global transportation analytics market size is expected to grow from $13.75 billion in 2022 to $16.65 billion in 2023 at a compound annual growth rate (CAGR) of 21.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The transportation analytics market size is expected to grow to $34.44 billion in 2027 at a CAGR of 19.9%.
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Major competitors in the Transportation Analytics market are IBM Corporation, OmniTracs LLC, Cubic Corporation, Alteryx Inc., Cellint Corporation, Inrix Corporation, Siemens AG, Syntelic Solutions Corporation, Hitachi Limited, Conduent Inc., Oracle Corporation, Envista LLC, Thales Group, Iteris Inc., and INRIX Inc.
A key trend in the Transportation Analytics market includes Advanced traffic management systems (ATMs). Advanced Traffic Management systems (ATMs) are an integrated solution to manage highway traffic through real-time information collection, processing, analysis, and dissemination to the users, concerned agencies, and stakeholders. The introduction of ATMs using transportation analytics enables key players to gain a competitive advantage in the market. In July 2020, Econolite, a US-based provider of traffic management systems, sensor products, and services, developed Centracs Mobility, an adaptable cloud-based platform to enhance traffic management toolkits with helpful data.
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The Transportation Analytics market is segmented -
• By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
• By Component: Solutions and Services
• By Deployment: On-Premise, Cloud, or Hybrid
• By Application: Remote Sensing, Transit Management, Traffic Management, Incident Management, Logistics Management, Other Applications
• By Mode of Transportation: Railways, Roadways, Maritime, Airways
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Transportation Analytics market.
The Business Research Company's "Global Transportation Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Transportation Analytics Market Include:
1. Executive Summary
2. Transportation Analytics Market Characteristics
3. Transportation Analytics Market Trends And Strategies
4. Transportation Analytics Market - Macro Economic Scenario
5. Transportation Analytics Market Size And Growth
……
27. Transportation Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transportation Analytics Market
29. Transportation Analytics Market Future Outlook and Potential Analysis
30. Appendix
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