Steady Expansion Forecast for Transportation Analytics Market, Projected to Reach $49.26 Billion by 2029

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Transportation Analytics Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
There has been a significant expansion in the size of the transportation analytics market in the last few years. The market is set to increase from $19.92 billion in 2024 to $23.86 billion in 2025, representing a compound annual growth rate (CAGR) of 19.8%. Key factors contributing to this growth during the historic period include a need for operational efficiency, effective traffic management, government initiatives, safety and compliance standards, environmental sustainability, and customer expectations._x000D_
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Transportation Analytics Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
In the coming few years, the market size of transportation analytics is predicted to experience rapid expansion and achieve a valuation of $49.26 billion by 2029; growing at a compound annual growth rate (CAGR) of 19.9%. Factors contributing to this growth over the forecast period are the adoption of autonomous vehicles and predictive analytics, an increase in mobility as a service (maas), objectives for climate change and emission reduction, management of big dat,a and cybersecurity issues. The forecast period is also expected to see trends such as the integration of real-time data and Internet of things (IoT) sensors, sophisticated predictive analytics for maintaining systems, improved fleet management and streamlining, implementation of GIS (geographic information system) technology, security measures for connected vehicles, and continued progress in machine learning and artificial intelligence._x000D_
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What Are the Drivers Transforming the Transportation Analytics Market?_x000D_
Government-led efforts to create smart cities and improve transportation systems are contributing to the expansion of the transportation analytics market. Smart cities are forward-thinking urban regions that outperform in crucial sectors such as economy, mobility, environment, human aspects, lifestyle, and governance. They leverage transportation analytics to control and supervise their traffic mechanisms. Traffic lights and signals house monitoring devices like sensors that continually record the flow of traffic. For example, Global X ETF, an American fund management firm, reported in March 2023 that the United States made considerable advancements in enhancing its infrastructure by introducing the Infrastructure Investment and Jobs Act (IIJA) in November 2021, allocating $1.2 trillion. The IIJA plans to invest $550 billion over the ensuing decade to upgrade roads, bridges, airports, and railroads, expand clean drinking water and broadband internet access, and promote environmental justice. Hence, the increasing thrust from governments to cultivate smart cities is propelling the growth of the transportation analytics market._x000D_
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What Long-Term Trends Will Define the Future of the Transportation Analytics Market? _x000D_
In order to secure a competitive advantage in the transportation analytics market, major corporations are creating innovative AI-based transportation management systems. For example, SS Supply Chain Solutions, a software development firm based in India, introduced its Intelligent Transport Management Solution (iTMS) in September 2023. iTMS is an all-encompassing platform for managing transportation, from planning and settlement to execution, powered by state-of-the-art analytics and utilizing AI and data analysis for optimizing the whole logistics transportation lifecycle. Key features of the platform include Order AI for automating order acquisition, efficient dispatch route planning with Shipment Planning and Optimization, and a real-time tracking Execution Orchestration Tool designed to enhance performance. Also, it provides simplified options for overseas trade processes and financial audits through its Contract & Rate Management and Billing & Settlement tools._x000D_
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Which Segments in the Transportation Analytics Market Offer the Most Profit Potential?_x000D_
The transportation analyticsmarket covered in this report is segmented - _x000D_
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1) By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics_x000D_
2) By Component: Solutions, Services_x000D_
3) By Deployment: On-Premise, Cloud, Hybrid_x000D_
4) By Mode Of Transportation: Railways, Roadways, Maritime, Airways_x000D_
5) By Application: Remote Sensing, Transit Management, Traffic Management, Incident Management, Logistics Management, Other Applications_x000D_
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Subsegments:_x000D_
1) By Descriptive Analytics: Data Visualization Tools, Reporting Tools, Dashboard Solutions _x000D_
2) By Predictive Analytics: Forecasting Models, Trend Analysis Tools, Risk Assessment Models _x000D_
3) By Prescriptive Analytics: Optimization Solutions, Simulation Tools, Decision Support Systems _x000D_
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Which Firms Dominate the Transportation Analytics Market by Market Share and Revenue in 2025?_x000D_
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. _x000D_
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Which Regions Offer the Highest Growth Potential in the Transportation Analytics Market?_x000D_
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._x000D_
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