Transportation Analytics Market By Component (Solution, Services), By Deployment Mode (On-Premise, Cloud, Hybrid), By Type (Predictive, Descriptive, Prescriptive), By Application (Traffic and Incident Management, Transit Planning and Maintenance, Logistics Management, Others), By Mode of Transport (Roadways, Railways, Airways, Waterways): Global Opportunity Analysis and Industry Forecast, 2021-2031
Transportation analytics in a supply chain refers to the movement of products from one point to another. It starts at the beginning of the supply chain when supplies arrive at the warehouse and goes to the end-user when the customer’s order is delivered right to their door. Because of its importance, warehouse managers should investigate transportation in their supply chains. Few activities in the supply chain have as much of an impact on business as transportation selection. Delivery techniques ensure that deliveries to and from the business go smoothly and reach their destinations on time. As transportation is crucial to the company’s performance, it is critical to incorporate it into the supply chain management strategy. Transportation is regarded as one of the essential components of supply chain management due of its importance.
Furthermore, transportation analytics rapidly power mobility information and insights, altering transportation planning by making vital data collection and understanding more accessible, faster, cheaper, and safer. Cities, transit agencies, transportation departments, and other entities increasingly turn to transportation analytics to solve challenges, prioritize investments, and gain stakeholder support, thus providing lucrative opportunities for the market growth in the upcoming years. Furthermore, private and public sectors are adopting transportation analytics due to growing demand for digitization. This factor creates lucrative growth opportunities in the market. Factors, such as surge in adoption of predictive analytics in transportation industry, drive the growth of the market. In addition, increase in adoption of transportation analytics for ensuring better control of ground-level activities strengthens the growth of the market for future.
Moreover, rise in usage of fleet management technologies to improve transportation efficiency further propels the growth of the transportation analytics market. Furthermore, growth in adoption of advanced technologies such as artificial intelligence (AI) and machine learning (ML) and other technology are expected to provide lucrative growth opportunities for the market in the upcoming years. However, security & privacy concerns and high cost of innovation and budget constraints hamper the growth of the market.
The transportation analytics market is segmented on the basis of component, deployment mode, type, application, mode of transport, and region. As per component, it is bifurcated into solutions and services. According to deployment mode, it is divided into on-premise, hybrid, and cloud. On the basis of type, it is categorized into predictive, descriptive, and prescriptive. Depending on application, the market is segmented into traffic & incident management, transit planning & maintenance, logistics management, and others. By mode of transport, the market is categorized into roadways, railways, airways, and waterways. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The market players operating in the transportation analytics market include Alteryx, Inc., Cellint, Cubic Corporation, IBM Corporation, Indra Sistemas, S.A., INRIX, Kapsch TrafficCom AG, Siemens AG, Trimble Inc., and TomTom International BV. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships, which help to drive the growth of the transportation analytics market globally.
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Key Market Segments
By Type
Predictive
Descriptive
Prescriptive
By Application
Traffic and Incident Management
Transit Planning and Maintenance
Logistics Management
Others
By Mode of Transport
Roadways
Railways
Airways
Waterways
By Component
Solution
Services
By Deployment Mode
On-Premise
Cloud
Hybrid
By Region
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
IBM Corporation
INRIX
Indra Sistemas, S.A.
Cubic Corporation
TomTom International BV
Alteryx, Inc.
Siemens AG
Cellint
Trimble Inc.
Kapsch TrafficCom AG
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