Press release
Transportation Predictive Analytics Market Set to Experience Significant Growth Driven by Smart Initiatives and Urbanization
Transportation Predictive Analytics Market
Government investments in transportation infrastructure are significant contributors to market expansion. For example, in December 2023, the U.S. Department of Transportation allocated over USD 63 billion for major transportation projects across the country. The increasing number of passengers and commercial vehicles has resulted in heightened traffic congestion, making the application of analytics in intelligent transport systems critical for reducing traffic jams, improving traffic flow, and minimizing collision risks.
Download Free Exclusive Sample PDF@ https://www.emergenresearch.com/request-sample/2838
City planners are now leveraging predictive analytics to enhance commuter connectivity and safety. By monitoring traffic volumes and other parameters, they can optimize public transportation and traffic movement. A notable example is the collaboration between Citi Logik and Vodafone with Transport for London (TfL), which collected over 10 billion data points. This data enabled the creation of journey matrices for approximately 1.2 billion trips, enhancing the existing roadside sensor network and improving operational efficiency.
Despite the positive outlook, the market faces challenges due to stringent regulations imposed by governments aimed at reducing transportation risks. Compliance with these regulations can hinder market revenue growth, posing obstacles for companies operating in this space.
Market Insights and Segmentation
The Transportation Predictive Analytics market is categorized by type, deployment, and application.
Type Segmentation:
Descriptive Analytics: This segment is anticipated to hold the largest market share due to the increasing reliance on big data, allowing for meaningful data summarization and pattern recognition.
Prescriptive Analytics: Expected to grow at the fastest rate, this segment helps transport companies forecast trends and make informed decisions, thereby improving profitability, easing congestion, and enhancing safety.
Deployment Insights:
On-Premise Solutions: This segment accounts for the largest market share as many organizations prefer to maintain control over sensitive logistics and customer data to ensure compliance with security regulations.
Cloud Solutions: The cloud segment is anticipated to grow rapidly due to its scalability, flexibility, and enhanced security features, making it a preferred option for transportation analytics solutions.
Application Insights:
Traffic Management: Dominating the market, this segment utilizes video management software and integrated analytics to address traffic congestion and accidents. It also helps reduce vehicle emissions, supporting environmental sustainability.
Logistics Management: Projected to witness the fastest growth, this segment offers real-time visibility and tracking of goods in transit, enabling logistics managers to proactively manage delays and bottlenecks.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2838
Transportation Predictive Analytics Top Companies and Competitive Landscape
The global transportation predictive analytics market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective products.
Some of the major companies included in the global transportation predictive analytics market report are:
IBM
Sisense Ltd.
Oracle
Cubic Corporation
INRIX
Cellint
Alteryx
Hitachi, Ltd.
SmartDrive Systems, Inc.
Omnitracs
Trimble
CARTO
Envista
TomTom
Conduent
Thales Group
Transportation Predictive Analytics Latest Industry Updates
On 29 June 2023, AFWERX developed an Uncrewed Aircraft System Traffic Management (UTM) system at the Eglin Air Force Base in Florida in partnership with the Air Force Research Laboratory's Information Directorate. The primary objective of this implementation is to ensure the safety of drones and electric vertical takeoff and landing (eVTOL) aircraft while they take flight.
On 17 February 2022, Eve UAM, a subsidiary of Embraer, and Skyports, a prominent eVTOL infrastructure provider, established a partnership to support the Japan Civil Aviation Bureau (JCAB) in developing a new Concept of Operations (CONOPS) for Advanced Air Mobility (AAM) and Urban Air Mobility (UAM). The primary goal is to create a shared vision encompassing airspace design, operational procedures, infrastructure requirements, and other necessary elements to facilitate AAM's safe and efficient operation in Japan.
On 8 January 2020, Sisense merged with Periscope Data, being then branded and sold as Sisense for cloud data teams. The merger of the two companies is expected to help bring together an independent, unified, and end-to-end data analytics platform for their customers.
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/transportation-predictive-analytics-market
For the purpose of this report, Emergen Research has segmented the global transportation predictive analytics market on the basis of type, mode, deployment, application, and region:
Type Outlook (Revenue, USD Billion; 2019-2032)
Descriptive
Predictive
Prescriptive
Mode Outlook (Revenue, USD Billion; 2019-2032)
Roadways
Railways
Airways
Waterways
Deployment Outlook (Revenue, USD Billion; 2019-2032)
Cloud
On-premise
Hybrid
Application Outlook (Revenue, USD Billion; 2019-2032)
Traffic management
Logistics management
Planning & maintenance
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Look Over transcripts provided by Emergen Research
Transportation Predictive Analytics Market Size@ https://www.emergenresearch.com/industry-report/transportation-predictive-analytics-market/market-size
Transportation Predictive Analytics Market Share@ https://www.emergenresearch.com/industry-report/transportation-predictive-analytics-market/market-share
Transportation Predictive Analytics Market Trends@ https://www.emergenresearch.com/industry-report/transportation-predictive-analytics-market/market-trends
Transportation Predictive Analytics Regional Market Demand@ https://www.emergenresearch.com/industry-report/transportation-predictive-analytics-market/regional-market-demand
Transportation Predictive Analytics Market Analysis@ https://www.emergenresearch.com/industry-report/transportation-predictive-analytics-market/market-analysis
Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights
About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors
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 Market Set to Experience Significant Growth Driven by Smart Initiatives and Urbanization here
News-ID: 3682961 • Views: …
More Releases from Emergen Research
Global Internet of Things (IoT) in Healthcare Market to Reach USD 299.05 Billion …
The global Internet of Things (IoT) in Healthcare Market was valued at USD 299.05 billion in 2023 and is expected to grow at a CAGR of 16.5% during the forecast period. This growth is fueled by the rising use of connected healthcare devices, increasing demand for early disease detection through remote monitoring, and growing adoption of artificial intelligence (AI) tools within IoT-based healthcare systems.
The market is also benefiting from the…
Global Stem Cell Therapy Market to Reach USD 49.2 Billion by 2034, Growing at 13 …
The global Stem Cell Therapy Market, valued at USD 13.7 billion in 2024, is projected to reach USD 49.2 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.6%. Growth is being fueled by the rising burden of chronic diseases, rapid progress in cell-based studies, and increasing investments in regenerative medicine and personalized healthcare solutions.
Stem cell therapies offer the ability to repair, replace, or restore damaged tissues…
Artificial Intelligence Strengthens Cybersecurity as Threats Grow More Sophistic …
The global Artificial Intelligence in cybersecurity market size was USD 23.8 Billion in 2023 and is expected to reach a market valuation of USD 29.44 billion by the end of 2024 registering a CAGR of 23.7% during the forecast period. The adoption of Artificial Intelligence (AI) in cybersecurity is rapidly gaining traction as organizations worldwide face increasingly complex and frequent cyber threats. By combining advanced technologies such as Machine Learning…
Global Regenerative Medicine Market to Reach USD 125.6 Billion by 2034, Growing …
The global regenerative medicine market, valued at USD 34.2 billion in 2024, is set to grow to USD 125.6 billion by 2034, expanding at a compound annual growth rate (CAGR) of 13.9%. Growth is being fueled by rising approvals of advanced therapies, strong demand for personalized treatments in cancer and orthopedics, and expanding cell and gene therapy manufacturing across major markets such as North America, Europe, and Asia.
Once seen as…
More Releases for Analytics
Insurance Analytics Market Insurance Analytics Market
The global insurance analytics market is projected to grow at a CAGR of around 12% during the forecast period. The market growth is characterized by the presence of key players operating in the market.
In March 2021, Oracle Insurance Policy Administration (OIPA) collaborated with ClearView Wealth Ltd. In this collaboration, ClearView selected OIPA to support its digital transformation journey. This collaboration is a part of broader technology investment by the company…
Global Big Data Analytics in Healthcare Market, by Analytics type (Descriptive A …
Global Big Data Analytics in Healthcare Market was valued at US$ 23.93 million in 2019 and is projected to reach US$ 81.35 million by 2025, at a CAGR of 19.1% during the forecast period. A surge in the demand for analytics solutions for citizen health management, increase in the adoption of cloud analytics among several end users, growing need for business intelligence to optimize health administration & strategy, lack of…
Security Analytics Market Report 2018: Segmentation by Application (Network Secu …
Global Security Analytics market research report provides company profile for Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Hewlett Packard Enterprise (U.S.), EMC RSA (U.S.), FireEye, Inc. (U.S.), Arbor Networks, Inc. (U.S.), LogRhythm, Inc. (U.S.), Alert Logic (Click Security) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of…
Life Science Analytics Market 2025 Future Forecast by Product Overview - Predict …
The growth of the life science analytics market can be attributed to the increasing prevalence of chronic diseases and growing need for improved data standardization. Moreover, use of analytics in precision & personalized medicine, and increasing focus on improving patient outcomes also likely to add new opportunities for the global life science analytics market over the forecast period.
Life Science Analytics Market to 2025 - Global Analysis and Forecasts by Type…
Predictive Analytics Market Report 2018: Segmentation by Type (Services, Solutio …
Global Predictive Analytics market research report provides company profile for Alteryx, Inc. (US), AgilOne (US), Angoss Software Corporation (Canada), Domino Data Lab (US), Dataiku (US), Exago, Inc. (US), Fair Isaac Corporation (FICO) (US), GoodData Corporation (US) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Global Analytics Service Market by Type: Predictive analytics, Prescriptive anal …
Learning Objective
• To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Analytics as a service Market.
• To provide insights about factors affecting the market growth.
• To Analyze the Analytics as a service Market based on various factors- porters five force analysis, mega trend analysis, macroeconomic indicators etc.
• To provide historical and forecast revenue of the…
