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Comprehensive Transportation Predictive Analytics And Simulation Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Transportation Predictive Analytics And Simulation
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Transportation Predictive Analytics And Simulation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?_x000D_
The size of the market for transportation predictive analytics and simulation has seen considerable growth in recent years. The market, which is expected to increase from $2.72 billion in 2024 to $2.94 billion in 2025, will do so at a compound annual growth rate (CAGR) of 7.9%. Factors contributing to this growth during the historical period include the advent of IoT, the introduction of early smart city concepts, data procurement endeavors, government programs, and the expansion of transportation infrastructure._x000D_
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Transportation Predictive Analytics And Simulation Market Size Forecast: What's the Projected Valuation by 2029?_x000D_
Expectations are high for the transportation predictive analytics and simulation market, as it is set to experience swift expansion in upcoming years. By 2029, the market size is forecast to bolster to $4.34 billion, thanks to a compound annual growth rate (CAGR) of 10.2%. Factors contributing to this projected growth within the forecast timeframe include the emergence of smart cities, enhanced adoption of IoT, the need for traffic regulation solutions, and an emphasis on sustainability. Key trends anticipated in this period encompass the integration of big data, the application of artificial intelligence and machine learning, a rising demand for intelligent transportation, and escalating climate and environmental concerns as well as the incorporation of AI and ML._x000D_
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What Are the Drivers Transforming the Transportation Predictive Analytics And Simulation Market?_x000D_
The increasing number of road mishaps is projected to boost the expansion of the transportation predictive analytics and simulation market in the future. Road mishaps are incidents that happen on streets, expressways, and other traffic lanes. This happens due to the swelling number of cars on the drive lanes, variations in traffic behavior or road circumstances, mistakes by the driver, or shifting weather conditions. Transportation predictive analytics and simulation aid in decreasing the frequency of road mishaps by pinpointing potential risk zones, enhancing traffic movement, forecasting and averting accidents, and recognizing and managing driver actions, thereby escalating the adoption of transportation predictive analytics and simulation. For example, in May 2022, the National Highway Traffic Safety Administration, a segment of the US Department of Transportation, stated that in 2021, approximately 42,915 individuals lost their lives in automobile traffic accidents. This figure elevated by 10.5% compared to 38,824 deaths in the preceding year. Thus, the escalating occurrence of road mishaps is propelling the transportation predictive analytics and simulation market._x000D_
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What Long-Term Trends Will Define the Future of the Transportation Predictive Analytics And Simulation Market? _x000D_
The emergence of product innovations is a significant trend in the transportation predictive analytics and simulation industry. To retain their competitive edge, companies within the industry are embracing new technological advances. An example is Geotab Intelligent Transportation Systems, a Canadian firm specializing in telematics technology for GPS fleet management. In April 2023, they unveiled Stop Analytics that provides insight into commercial vehicle parking. The data analytics module that Stop Analytics offers is created to enhance the transportation of goods and services, increase safety at truck stops and roadways, strategically identify new potential areas for real estate, develop more efficient curb management programs, and determine the best locations for electric vehicle charging infrastructures. Moreover, Stop Analytics contributes significantly to heavy-duty truck parking identification, thus promoting driver safety._x000D_
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Which Segments in the Transportation Predictive Analytics And Simulation Market Offer the Most Profit Potential?_x000D_
The transportation predictive analytics and simulationmarket covered in this report is segmented - _x000D_
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1) By Component: Software, Services_x000D_
2) By Simulation Method: Microscopic, Macroscopic, Mesoscopic_x000D_
3) By Type: On-Premise, Cloud-based_x000D_
4) By Application: Roadways, Railways, Airways, Seaways, Other Applications_x000D_
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Subsegments:_x000D_
1) By Software: Descriptive Analytics Software, Predictive Analytics Software, Prescriptive Analytics Software_x000D_
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services_x000D_
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Which Firms Dominate the Transportation Predictive Analytics And Simulation Market by Market Share and Revenue in 2025?_x000D_
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. _x000D_
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Which Regions Offer the Highest Growth Potential in the Transportation Predictive Analytics And Simulation Market?_x000D_
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_x000D_
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