Global Transportation Systems and Analytics Market 2023-2030

Global Transportation Systems and Analytics Market 2023-2030

Global Transportation Systems and Analytics Market Size, Share & Trends Analysis Report by Type (Descriptive, Predictive, and Prescriptive), by Deployment (On-Premise, Cloud, and Hybrid), and by Application (Traffic Management, Logistics Management, Planning & Maintenance and Others), Forecast Period (2023-2030)

The global transportation systems and analytics market is anticipated to grow at a CAGR of 10.1% during the forecast period (2023-2030). Transportation systems and analytics are used for transportation services, to optimize transportation routes, and to predict equipment failures. The growing adoption of improved traffic management and congestion planning is the key factor supporting the growth of the market globally. Enhanced data services delivering transportation guidance for in-vehicle infotainment and advanced driving assistance systems based on seasonal and historical traffic, speeds and route patterns. Hence, the market players are also focusing on introducing data services delivering transportation systems and analytics solutions that further bolster the market growth. For instance, in October 2021, HERE launched a global movement data service for advanced transportation analytics. The service addresses the growing demand from public transport agencies, cities, and companies across the automotive transport and logistics industries, to better understand road-centric mobility patterns.

Segmental Outlook

The global transportation systems and analytics market is segmented on the type, deployment, and application. Based on the type, the market is sub-segmented into descriptive, predictive and prescriptive. based on the deployment, the market is sub-segmented into on-premise, Cloud and Hybrid. Further, on the basis of Application, the market is sub-segmented into traffic management, logistics management, planning & maintenance and others (transit planning and maintenance). Among the applications, the logistics management sub-segment is anticipated to hold a considerable share of the market owing to the rise in the development of supply chain management to evaluate operational hazards, improve communication, secure proprietary data, and improve supply chain accessibility.

The Predictive Sub-Segment is Anticipated to Hold a Considerable Share of the Global Transportation Systems and Analytics Market

Among the types, the Predictive sub-segment is expected to hold a considerable share of the global transportation systems and analytics market. The segmental growth is attributed to the growing influence of predictive analytics utilizes machine learning for its benchmarking capability, that is driven by proprietary access to data and insights. In predictive analytics, users can monitor the comprehensive performance of a logistics management program, including how small changes in shipping decisions can create continued savings. For instance, in January 2021, OptiFreight® Logistics, a Cardinal Health company, launched TotalVue™ Analytics — a tool for healthcare supply chain leaders to utilize predictive technology and data to identify logistics savings and benchmarking. Cardinal Health, TotalVue™ Analytics provides health systems with visibility into shipping trends to identify opportunities to reduce freight costs, including inbound shipments from suppliers or outbound shipments from sites of care.

Regional Outlook

The global transportation systems and analytics market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America. Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the adoption of transportation analytics solutions and an increase in initiatives to enhance intelligent transportation practices within the region.

The North America Region is Expected to Grow at a Significant CAGR in the Global Transportation Systems and Analytics Market

Among all regions, the North America regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to the adoption of smart transportation initiatives along with the advanced traffic management system (ATMs) across the globe acts as one of the major factors driving the growth of the transportation analytics market. An increase in demand for these solutions has been noticed owing to the benefits offered by these analytics such as a decline in fuel consumption, air pollution and travelling time. The key market players include Descartes Systems Group, HERE Technologies, INRIX Inc., Siemens Mobility, Trimble Inc. and others.

North America Freight by Mode, August 2022 and 2023 ($ Billions)

Source: Bureau of Transportation Statistics, TransBorder Freight Data

According to the Bureau of Transportation Statistics, TransBorder Freight Data in October 2023, Total transborder freight: $138.0 billion of transborder freight was moved by all modes of transportation, down 1.7% compared to August 2022. Freight between the US and Canada totaled $67.2 billion, down 4.0% from August 2022. Freight between the US and Mexico totaled $70.8 billion, up 0.7% from August 2022. Trucks moved $87.8 billion of freight, up 4.6% compared to August 2022. Railways moved $17.7 billion of freight, down 1.0% compared to August 2022. Vessels moved $11.9 billion of freight, down 11.8% compared to August 2022. Pipelines moved $9.8 billion of freight, down 33.4% compared to August 2022. Air moved $5.1 billion of freight, up 9.8% compared to August 2022

The most elaborate systems for mitigating traffic and ultimately curbing congestion over a period of time. Such initiatives globally boost the utility of transportation analytics services in the long run and enhance the sustainability of transport infrastructure. For instance, in September 2021, Geotab launched a new transportation analytics platform that provides governments with the context and insights they need to help make smarter, faster decisions. With street-level transportation making up the largest mode of travel across the globe, data from millions of connected vehicles on these streets are giving government agencies the necessary data-driven insights to help improve local traffic.

Market Players Outlook

The major companies serving the transportation systems and analytics market include Google LLC, IBM Corp., SAP SE, Siemens Mobility, Trimble Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in March 2023, Daimler Truck collaborated with Siemens to build an integrated digital engineering analytics platform. The new platform enables Daimler Truck to explore the future of commercial vehicle innovation and the efficient product development and lifecycle management of trucks and buses.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global transportation systems and analytics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.