Transportation Predictive Analytics and Simulation Market, by Component (Software and Services), by Simulation Method (Microscopic, Macroscopic, Mesoscopic), by Development Model (On-Premise, Cloud-based), by Component of Transport (Roadways, Railways, Ai

Transportation Predictive Analytics and Simulation Market, by Component (Software and Services), by Simulation Method (Microscopic, Macroscopic, Mesoscopic), by Development Model (On-Premise, Cloud-based), by Component of Transport (Roadways, Railways, Airways, Seaways) and by Geography (North America, Latin America, Europe, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Predictive analytics is the practice of obtaining crucial information from existing data sets, in order to ascertain certain patterns and predict future outcomes and trends. In transportation, predictive analytics and simulation software is used to determine traffic patterns and predict future outcomes and trends concerned with transportation. Predictive analytics has been largely used in transportation sector, where it provides valuable insights from data collected from numerous sources. These sources include vehicle location system, on-board sensors and data collection points embedded in fare and ticketing system, and scheduling and asset management system. This software provides various results to the transportation sector such as predictive maintenance, traffic optimization, network & capacity optimization, revenue optimization, and customer behavior. This software finds applications in different components of transport including railways, roadways, seaways, and airways as it can offer cost-saving operations for these components.
Market Dynamics
Growing popularity of IoT among consumers has increased the number of connected vehicles in the recent past significantly. OEMs are launching premium as well as mid-range cars with pre-installed sensors such as OBD-II, vehicle tracking, black box among others. These sensors enable automated driving capabilities, vehicle data tracking, and vehicle to safety pertaining to engine diagnostics and vehicle usage. Furthermore, connected cars can generate information related to traffic flow and density in real-time. This data can be obtained using transportation predictive analytics and simulation software, which facilitates better analysis of traffic flow. Moreover, now a days this data is used by insurance company to determine the driving pattern of the customers and to provide them a usage based insurance (UBI). Predictive analytics and simulation software for transportation offer cost-saving operations. Freight carriers in transportation sector require constant maintenance, which is the major reason behind increase in costs. Transpiration predictive analytics and simulation software provides predictive maintenance for vehicles by collecting data from sensors installed in vehicles and ascertaining which components are most likely to require immediate attention. Owing all these benefits the demand for transportation predictive analysis and simulation software is increasing globally.
Market Taxonomy
This report segments the global transportation predictive analysis and simulation market on the basis of component, simulation method, development model and component of transport. On the basis of component, the global transportation predictive analysis and simulation market is segmented into software and services. On the basis of simulation method, the market is segmented into microscopic, macroscopic, and mesoscopic. On the basis of development model, the market is segmented into on-premise, and cloud-based. On the basis of component of transport, the market is segmented into roadways, railways, airways and seaways.
Key features of the study:
This report provides an in-depth analysis of the Global transportation predictive analysis and simulation market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global transportation predictive analysis and simulation market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study Cubic Corporation, Siemens, T-Systems International GmbH, IBM Corporation, Tiger Analytics Inc., PTV Group, Cyient-Insights, Predikto Inc., SAP AG, and Space-Time Insight.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
The global transportation predictive analysis and simulation market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global transportation predictive analysis and simulation market
Detailed Segmentation:
Global Transportation Predictive Analysis And Simulation Market, By Component:
Software
Services
Global Transportation predictive analysis and simulation Market, By Simulation Method:
Microscopic
Macroscopic
Mesoscopic
Global Transportation Predictive Analysis And Simulation Market, By Development Model:
On-Premise
Cloud-based
Global Transportation Predictive Analysis And Simulation Market, By Component of Transport:
Roadways
Railways
Airways
Seaways
Cloud-based
Company Profiles
Cubic Corporation *
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Siemens
T-Systems International GmbH
IBM Corporation
Tiger Analytics Inc.
PTV Group
Cyient-Insights
Cyient-Insights
SAP AG
Space-Time Insight
*Browse all the market data tables and figures on "Global Transportation Predictive Analysis and Simulation Market - Forecast to 2027”