Global Transportation Analytics MarketPosted by ashwini on February 26th, 2021 The Global Transportation Analytics Market was valued at around billion in the year 2019 and is projected to reach $xx billion by the year 2027, growing at a CAGR of almost 20% during the forecast period. The report covers the detailed analysis of the Global Transportation Analytics industry with the classifications of the market on the basis of Type, Mode of Transportation, and region. Analysis of past market dynamics from 2016 to 2020 is given in the report, which will help readers to benchmark the past trends with current market scenarios with the key player's contribution in it. Transportation Data Analytics help in automation of predictive analysis for projecting the future trends, identifying business needs, and building long-term strategies for optimizing revenue. There are many challenges that the transportation industry faces, which can be easily wiped off by implementing business analytics in the transportation industries. The business analytics for transportation includes the integration of data from multiple sources, improving supply chains and identifying and minimizing logistical issues, at all levels. Today, though the transportation industry is the newcomer in the field of analytics; yet, it provides many powerful tools for allowing the users to access the data whenever they wish to. Transportation analytics helps in constructing own metrics, or KPIs, and hence, set quantitative objectives for various business operations. Market Dynamics Rapid Globalization and Hyper - Urbanization The increasing global population arises the need for efficient supply chains where all modes of transportation are reliable. Therefore, the integration of transportation with advanced analytics helps in various aspects like driver information, unloading time, traffic management, and so on. With the enhancement of almost all the industries, no doubt, people across the globe demand more effective and efficient transport systems, keeping in mind the concerns of security and easiness of travel. Hence, this demand by the population worldwide could help in driving the growth for the transportation analytics market, during the forecast period. Lack of Awareness and Stringent Regulatory Compliances Though the transportation analytics solutions come up with many unique and advanced features, which enrich the manual functioning of the transportation industry; but, on contrary, many of the world’s countries are still not aware of such concepts and solutions. Also, many countries have strict policies and regulations in place, with respect to the automation of transportation systems. These two factors could act as the major restraints for hampering the growth of the transportation analytics market, during the forecast period. Scope of Global Transportation Analytics Market The market is divided into 2 major segments and further into sub-segments to forecast the market size by value. Global Transportation Analytics Market, By Type • Descriptive Analytics Global Transportation Analytics Market Predictive Analytics Segment is expected to witness highest market share during the forecast period. Predictive Analytics Segment is expected to register the highest CAGR and have dominance in the market, during the forecast period for the transportation analytics solutions. This substantial growth of the segment could be attributed to its low-cost model, as compared to descriptive analytics and prescriptive analytics. Moreover, predictive analytics can be used to improve productivity and optimizing fuel expenditures, which further results in lowering operating costs. Global Transportation Analytics Market, By Transportation Mode • Railways Global Transportation Analytics Market1 Roadways segment is expected to Account for the Largest Market Share during the Forecast Period. It is expected that the roadways mode of transportation would lead the market, registering a highest CAGR for the transportation analytics, during the forecast period. The roadways segment is further segmented into Road Safety Management, Road Traffic Management, Planning & Maintenance, and Customer Satisfaction. The Road Traffic Management is expected to witness the largest market growth, during the forecast period. This substantial growth of the segment could be attributed to good insights provided by the analysis of road traffic, which can be used to develop better transportation and the infrastructure for the same. The data collected through the GPS and satellite imaging can be used to assist traffic management and also assisting users in selecting their way to destinations. Global Transportation Analytics Market, By Region • North America Global Transportation Analytics Market2 Europe is expected to Account for the Largest Market Share during the Forecast Period. It is expected that Europe would dominate the market for Transportation Analytics over the forecast period, owing to the maximum developments in the transportation analytics field, over the region, by many of the companies. It is observed that major of the transportation analytics service providers in Europe is especially involved in product innovations and their deployment. The objective of the report is to present a comprehensive analysis of the Global Transportation Analytics Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Transportation Analytics Market dynamics, structure by analyzing the market segments and projects the Global Transportation Analytics Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Transportation Analytics Market make the report investor’s guide. Competitive Insights • IBM Corporation For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-transportation-analytics-market/83927/ This Report Is Submitted By :Maximize Market Research Company Customization of the report: Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. 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