Press release
Rising Connectivity among Vehicles Prompting the Adoption of Predictive Analytics & Simulation in Transportation
As the global transportation & logistic industry observes convergence through adoption of data-centric solutions, predictive analytics & simulation software are likely to be in great demand in the future.As a measure to improve efficiency of transportation operations, predictive analytics and simulation software use the captured data to determine patterns, and show future outcomes & trends related to transportation.
Apropos the report published by Future Market Insights, rising number of connected vehicles will also be a key booster for adoption of transportation predictive analytics & simulation solutions.
Obtain Report Details @
https://www.futuremarketinsights.com/reports/transportation-predictive-analytics-and-simulation-market
In terms of value, the global transportation predictive analytics and simulation market was valued at US$ 1,550.0 Mn in 2016, and is expected to reach US$ 3,916.6 Mn by 2027-end. During this forecast period, the market will reflect robust growth at a CAGR of 8.9%.
In 2016, more than US$ 230 Mn worth of transportation predictive analytics and simulation solutions were deployed in airline transport sectors across the globe. Nevertheless, in the long run, roadways will remain the most crucial component of transport for adoption of predictive analytics and simulation solutions; global revenues from which will soar at 9.8% CAGR through 2027.
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https://www.futuremarketinsights.com/reports/sample/REP-GB-2075
Taking into account the rising use of microscopic transportation simulation platforms for infrastructure planning, more than one-third of global transportation predictive analytics and simulation revenues will be accounted by microscopic simulation throughout the forecast period.
More than 90% of the global transportation predictive analytics and simulation market will remain dominated by software over services. And, the report has profiled leading developers of transportation predictive analytics and simulation software & solutions, which include, IBM Corporation, Xerox Corporation, SAP AG, PTV Group, Cubic Corporation, Space-Time Insight, Tiger Analytics Inc., T-Systems International GmbH, Predikto Inc., and Cyient-Insights.
Get ToC@
https://www.futuremarketinsights.com/reports/transportation-predictive-analytics-and-simulation-market/toc
About Us
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.
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