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Transportation Predictive Analytics And Simulation Market Growth, Size, Share, Industry Analysis And Forecast Report 2023 | SAP AG, IBM Corporation, T-Systems International GmbH, Xerox Corporation, Cubic Corporation
Transportation Predictive Analytics And Simulation Market Report
The Business Research Company's Transportation Predictive Analytics And Simulation Global Market Report 2023 identifies the growing instances of road accidents as the major driver for the transportation predictive analytics and simulation market's growth in the forecast period. This has resulted from an increase in the number of vehicles on the road, changes in traffic patterns or road conditions, driver error, or changes in weather patterns. Transportation predictive analytics and simulation help in reducing the number of road accidents by identifying high-risk areas, improving traffic flow, predicting and preventing accidents, and identifying and addressing driver behavior, thus increasing the adaption of transportation predictive analytics and simulation.
The global transportation predictive analytics and simulation market size is expected to grow from $2.31 billion in 2022 to $2.54 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. 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 global transportation predictive analytics and simulation market size is expected to reach $3.57 billion in 2027 at a CAGR of 8.9%.
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Major competitors in the transportation predictive analytics and simulation market are SAP AG, IBM Corporation, T-Systems International GmbH, Xerox Corporation, Cubic Corporation.
A key trend in the transportation predictive analytics and simulation market includes product innovations. Companies operating in the transportation predictive analytics and simulation market are adopting new technologies to sustain their position in the market. For instance, in April 2023, Geotab Intelligent Transportation Systems, a Canada-based telematics technology provider for GPS fleet management, launched Stop Analytics for commercial vehicle parking insights. Stop analytics is a data analytics module designed to improve the movements of goods and services, create safer truck stops and roadways, strategically identify new real estate sites, develop more efficient curbside management programs, and pinpoint where to place electric vehicle charging infrastructure. Stop analytics helps to identify parking for heavy-duty trucks and improves driver safety.
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The transportation predictive analytics and simulation market is segmented -
•By Component: Software, Services
•By Simulation Method: Microscopic, Macroscopic, Mesoscopic
•By Type: On-Premise, Cloud-based
•By Application: Roadways, Railways, Airways, Seaways, Other Applications
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the transportation predictive analytics and simulation market.
The Business Research Company's "Global Transportation Predictive Analytics And Simulation 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 Predictive Analytics And Simulation Market Include:
1. Executive Summary
2. Transportation Predictive Analytics And Simulation Market Characteristics
3. Transportation Predictive Analytics And Simulation Market Trends And Strategies
4. Transportation Predictive Analytics And Simulation Market - Macro Economic Scenario
5. Transportation Predictive Analytics And Simulation Market Size And Growth
……
26. Africa Transportation Predictive Analytics And Simulation Market
27. Transportation Predictive Analytics And Simulation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transportation Predictive Analytics And Simulation Market
29. Transportation Predictive Analytics And Simulation Market Future Outlook and Potential Analysis
30. Appendix
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