Press release
Leading Growth Driver in the Transportation Predictive Analytics And Simulation Market in 2025: Enhancing Safety With The Role Of Transportation Predictive Analytics And Simulation Amid Rising Road Accidents Driver's Influence
Transportation Predictive Analytics And Simulation Market Size
The escalation in road accident cases is anticipated to drive the growth of the transportation predictive analytics and simulation market. Road accidents typically involve mishaps on roads, highways, and other routes, triggered by the rising number of vehicles, alterations in traffic and road conditions, driver mistakes, or changes in the weather. Transportation predictive analytics and simulation are key in lowering road accident counts by identifying potential risk zones, enhancing traffic movement, forecasting and avoiding accidents, and determining and tackling driver behavior, thus driving the adoption of this technology. For example, the US Department of Transportation's National Highway Traffic Safety Administration reported that approximately 42,915 individuals lost their lives in motor vehicle traffic accidents in 2021, marking a 10.5% increase from the previous year's 38,824 fatalities. Hence, the uptick in road accidents is encouraging the transport predictive analytics and simulation market's expansion.
Get Your Transportation Predictive Analytics And Simulation Market Report Here:
https://www.thebusinessresearchcompany.com/report/transportation-predictive-analytics-and-simulation-global-market-report
How will the growth rate of the transportation predictive analytics and simulation market shape industry trends by 2034?
The size of the market for transportation predictive analytics and simulation has seen a robust growth in the past few years. The market is projected to expand from a valuation of $2.72 billion in 2024 to $2.94 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.9%. Factors such as the advent of internet of things (IoT), nascent concepts of smart cities, data gathering endeavours, government policies, and expansion of transportation infrastructure have contributed to this growth during the historical period.
Over the coming years, the transportation predictive analytics and simulation market is anticipated to experience swift expansion. Its value is forecasted to reach "$4.37 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.4%. Factors promoting growth over this predictive period include the ascension of smart cities, widened adoption of the internet of things (IoT), holding high demand for traffic management solutions, and a shift towards sustainability. Major trends over this time frame are expected to include the integration of big data, the incorporation of techno advancement like artificial intelligence and machine learning, growing demand for intelligent transportation, climate, and environmental concerns, as well as the amalgamation of AI and ML.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=10459&type=smp
What trends are poised to drive the future success of the transportation predictive analytics and simulation market?
The transportation predictive analytics and simulation market is increasingly seeing the adoption of product innovations as key trends. Companies are making strategic use of new technologies to maintain their standing in the market. For example, in April 2023, Geotab Intelligent Transportation Systems, a telematics technology provider for GPS fleet management from Canada, unveiled a new product named Stop Analytics aimed at providing insights into commercial vehicle parking. This data analytics module's purpose is to enhance the movement of products and services, increase the safety of truck stops and roadways, facilitate the strategic identification of new real estate sites, enable the development of more effective curbside management programs, and determine the best locations for the installation of electric vehicle charging infrastructure. Besides, Stop analytics assists in finding parking for heavy-duty trucks, contributing to increased driver safety.
Which primary segments of the transportation predictive analytics and simulation market are driving growth and industry transformations?
The transportation predictive analytics and simulation market covered in this report is segmented -
1) By Component: Software, Services
2) By Simulation Method: Microscopic, Macroscopic, Mesoscopic
3) By Type: On-Premise, Cloud-based
4) By Application: Roadways, Railways, Airways, Seaways, Other Applications
Subsegments:
1) By Software: Descriptive Analytics Software, Predictive Analytics Software, Prescriptive Analytics Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=10459
Which geographical regions are pioneering growth in the transportation predictive analytics and simulation market?
North America was the largest region in the transportation predictive analytics and simulation market in 2024. Asia-pacific is expected to be the fastest-growing region in the global transportation predictive analytics and simulation market during the forecast period. The regions covered in the transportation predictive analytics and simulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the transportation predictive analytics and simulation market landscape?
Major companies operating in the transportation predictive analytics and simulation market include SAP AG, IBM Corporation, T-Systems International GmbH, Xerox Corporation, Cubic Corporation, Cyient Insights Private Limited, Tiger Analytics Inc., PTV Group, Predikto Inc., Space-Time Insight India Private Limited, TSS-Transport Simulation Systems Inc., Caliper Corporation, Dataiku, INRIX, Indra Sistemas S.A., Siemens AG, Kapsch TrafficCom AG, TomTom International BV, HERE Technologies, Iteris Inc., Citilabs Inc., Dassault Systèmes SE, Altair Engineering Inc., AnyLogic North America LLC, Simio LLC, FlexSim Software Products Inc., Transoft Solutions Inc., Trafficware Group Inc., Mott MacDonald Group, WSP Global Inc., IBI Group Inc., Stantec Inc., GHD Group Pty. Ltd.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=10459&type=smp
What Is Covered In The Transportation Predictive Analytics And Simulation Global Market Report?
• Market Size Forecast: Examine the transportation predictive analytics and simulation market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the transportation predictive analytics and simulation market for a structured understanding.
• Key Players Overview: Analyze major players in the transportation predictive analytics and simulation market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the transportation predictive analytics and simulation market.
• Segment Contributions: Evaluate how different segments drive overall growth in the transportation predictive analytics and simulation market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the transportation predictive analytics and simulation market.
• Industry Challenges: Identify potential risks and obstacles affecting the transportation predictive analytics and simulation market.
• Competitive Landscape: Review strategic developments in the transportation predictive analytics and simulation market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Leading Growth Driver in the Transportation Predictive Analytics And Simulation Market in 2025: Enhancing Safety With The Role Of Transportation Predictive Analytics And Simulation Amid Rising Road Accidents Driver's Influence here
News-ID: 3897460 • Views: …
More Releases from The Business Research Company
Future of the Global Last-Mile Delivery Software Market: Trends, Innovations, an …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Last-Mile Delivery Software Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for last-mile delivery software has seen rapid expansion in recent years. Forecasts suggest it will inflate from $2.7 billion in 2024 to a projected $3.01 billion in 2025, indicating a compound…
Key Trends Influencing the Growth of the Multiwall Bags Market in 2025: Major co …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Multiwall Bags Market Through 2025?
The market size for multiwall bags has seen a consistent increase in the past few years. The expected increase for this market is set to rise from a value of $14.31 billion in 2024, reaching up to…
Rise In Social Media Entertainment Fueling The Growth Of The Market Due To Incre …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Social Business Intelligence Industry Market Size Be by 2025?
The market size of social business intelligence has seen a swift surge in recent years. It is projected to escalate from $26.54 billion in 2024 to $29.71 billion in 2025, marking a compound annual growth rate (CAGR)…
Growing Emphasis On Attendee Experience Fueling The Growth Of The Market Due To …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Event Management Tools Industry Market Size Be by 2025?
The market size for event management tools has experienced significant growth in the past few years. It is forecasted to grow from $5.82 billion in 2024 to $6.33 billion in 2025, reflecting a compound annual growth rate…
More Releases for Analytics
Insurance Analytics Market Insurance Analytics Market
The global insurance analytics market is projected to grow at a CAGR of around 12% during the forecast period. The market growth is characterized by the presence of key players operating in the market.
In March 2021, Oracle Insurance Policy Administration (OIPA) collaborated with ClearView Wealth Ltd. In this collaboration, ClearView selected OIPA to support its digital transformation journey. This collaboration is a part of broader technology investment by the company…
Global Big Data Analytics in Healthcare Market, by Analytics type (Descriptive A …
Global Big Data Analytics in Healthcare Market was valued at US$ 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…
