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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.
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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.
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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
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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.
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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.
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