Steady Expansion Forecast for Transportation Analytics Market, Projected to Reach $49.96 Billion by 2029

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Transportation Analytics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The dimensions of the transportation analytics market have expanded dramatically in the past few years. Its growth is projected to extend from $19.92 billion in 2024 to $23.95 billion in 2025 with a compound annual growth rate (CAGR) of 20.2%. Factors such as the need for operational efficiency, traffic management, governmental initiatives, safety and compliance mandates, environmental sustainability, and customer expectations have contributed to the growth during the historic period.

Transportation Analytics Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the transportation analytics market size is predicted to undergo considerable expansion. The market is projected to reach a value of $49.96 billion by 2029, experiencing a compound annual growth rate (CAGR) of 20.2%. Factors contributing to this anticipated growth during the forecasted period include the advent of autonomous vehicles, adoption of predictive analytics, increasing popularity of mobility as a service (maas), climate change and emission reduction targets, efficient management of big data, and cybersecurity considerations. Key trends that will dominate the forecasting period encompass real-time data and IoT sensor integration, sophisticated predictive analytics for maintenance purposes, improved fleet management and optimization, inclusion of GIS (geographic information system) technology, the implementation of cybersecurity precautions for connected vehicles, and ongoing innovation in machine learning and artificial intelligence.

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What Are the Drivers Transforming the Transportation Analytics Market?
Growth in the transportation analytics market is largely driven by increased governmental efforts to promote the establishment of smart cities and cutting-edge transportation systems. Smart cities represent a new model of urban development that prioritizes key sectors including the economy, mobility, environment, lifestyle and governance. One of the ways that such cities utilize transportation analytics is management and monitoring of their traffic systems using embedded monitoring equipment like sensors in traffic lights and signals that constantly observe traffic flow. An example from March 2023 by Global X ETF, an American fund management corporation, indicated that the approval of the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA) in November 2021 represented a substantial progression for infrastructure in the United States. Over the next decade, the IIJA has a plan to allocate $550 billion for upgrading roads, bridges, airports, and railways, expanding clean water and broadband internet accessibility, while also pursuing environmental justice. As a result, these expanding governmental efforts to establish smart cities are fueling the rise in the transportation analytics market.

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What Long-Term Trends Will Define the Future of the Transportation Analytics Market?
To maintain a competitive position in the transportation analytics market, leading businesses are creating new AI-enhanced transportation management solutions. For example, SS Supply Chain Solutions, an Indian software development firm, launched the Intelligent Transport Management Solution (iTMS) in September 2023. iTMS is a all-encompassing transportation planning, settling, and implementation platform, powered by advanced analytics and harnessing AI and data analytics to streamline the entire logistics transportation lifecycle. This includes components such as Order AI for automated order collection, Shipment Planning and Optimization for effective dispatch routes, and an Execution Orchestration Tool for real-time tracking and performance enhancement. iTMS also presents Contract & Rate Management and Billing & Settlement instruments to ease foreign trade procedures and financial audits.

Which Segments in the Transportation Analytics Market Offer the Most Profit Potential?
The transportation analytics market covered in this report is segmented -

1) By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
2) By Component: Solutions, Services
3) By Deployment: On-Premise, Cloud, Hybrid
4) By Mode Of Transportation: Railways, Roadways, Maritime, Airways
5) By Application: Remote Sensing, Transit Management, Traffic Management, Incident Management, Logistics Management, Other Applications

Subsegments:
1) By Descriptive Analytics: Data Visualization Tools, Reporting Tools, Dashboard Solutions
2) By Predictive Analytics: Forecasting Models, Trend Analysis Tools, Risk Assessment Models
3) By Prescriptive Analytics: Optimization Solutions, Simulation Tools, Decision Support Systems

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Which Firms Dominate the Transportation Analytics Market by Market Share and Revenue in 2025?
Major companies operating in the transportation analytics market are International Business Machines Corporation, OmniTracs LLC, Cubic Corporation, Alteryx Inc., Cellint Corporation, Inrix Corporation, Siemens AG, Hitachi Limited, Conduent Inc., Oracle Corporation, Thales Group, Iteris Inc., Dataiku Inc., Ridecell Inc., GoFreight Inc., SmartDrive Systems Inc., Kapsch Trafficcom AG, Indra Sistemas S.A., Trimble Inc., TomTom N.V., CARTO Inc., MoveInSync Rentlz Inc., SENGERIO Inc., StreetLight Data Inc., Arity LLC, Flexe Inc.

Which Regions Offer the Highest Growth Potential in the Transportation Analytics Market?
North America was the largest region in the transportation analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the transportation analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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