The Business Research Company’s Transportation Analytics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Transportation Analytics Global Market Report 2023 evaluates transportation analytics market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global transportation analytics market is poised for substantial growth, showcasing a remarkable trajectory from $13.75 billion in 2022 to a projected $16.65 billion in 2023. This robust expansion is underpinned by a compelling Compound Annual Growth Rate (CAGR) of 21.1%, reflecting the industry’s resilience and potential.
However, the landscape has not been without its challenges. The ongoing Russia-Ukraine conflict, a destabilizing force in global geopolitics, has cast a shadow on the prospects of a swift post-COVID-19 economic revival. In the immediate term, the repercussions of this war have manifested in the form of economic sanctions against several nations, surging commodity prices, and supply chain disruptions, which, in turn, have triggered inflationary pressures across the spectrum of goods and services. These ramifications have reverberated through diverse markets worldwide.
Despite these headwinds, the transportation analytics sector remains optimistic. It is poised to burgeon, with an anticipated market size of $34.44 billion by 2027, supported by a resilient CAGR of 19.9%. This continued growth underscores the industry’s adaptability and long-term viability.
The transportation analytics market is experiencing a significant surge in growth, predominantly attributed to the burgeoning government-led initiatives aimed at fostering the development of smart cities and sophisticated commuter systems. Smart cities, emblematic of urban excellence across various vital domains encompassing economy, mobility, environment, people, lifestyle, and governance, are rapidly emerging as pioneering hubs of innovative solutions. Within these smart city ecosystems, transportation analytics assumes a pivotal role in the orchestration and optimization of traffic systems.
Incorporating cutting-edge monitoring equipment, such as sensors discreetly integrated into traffic lights and signals, smart cities continually scrutinize and manage traffic flow. This proactive approach, as exemplified by India’s substantial investment of Rs 205,018 crore (US$ 28.31 billion) in 2020 for the smart city mission, as reported by the India Brand Equity Foundation, underscores the unwavering commitment of governments to create technologically advanced urban landscapes. Notably, Japan, as revealed by Pinsent Masons LLP, a distinguished UK-based law firm specializing in various sectors including energy, infrastructure, financial services, real estate, advanced manufacturing, and technology, plans to allocate a substantial 250 billion yen ($2.4 billion) for the subsidization of smart city projects in Southeast Asia.
The amalgamation of these commendable government efforts and investments serves as a powerful catalyst, propelling the transportation analytics market to new heights. The intricate synergy between urban development, data-driven decision-making, and transportation analytics not only enhances the quality of life within cities but also underscores the profound significance of government-driven initiatives in shaping the future of transportation systems. This dynamic interplay underscores a promising trajectory for the transportation analytics market, driven by the shared vision of smarter, more efficient, and sustainable urban environments.
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The transportation analytics market segments in the report are:
1) Transportation Analytics Market By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics
2) Transportation Analytics Market By Component: Solutions and Services
3) Transportation Analytics Market By Deployment: On-Premise, Cloud, or Hybrid
4) Transportation Analytics Market By Application: Remote Sensing, Transit Management, Traffic Management, Incident Management, Logistics Management, Other Applications
5) Transportation Analytics Market By Mode of Transportation: Railways, Roadways, Maritime, Airways
Top Major Players
The table of contents in TBRC’s transportation analytics market report includes:
1. Executive Summary
2. Transportation Analytics Market Characteristics
3. Transportation Analytics Market Trends And Strategies
4. Transportation Analytics Market – Macro Economic Scenario
5. Transportation Analytics Market Size And Growth
……
26. Africa Transportation Analytics Market
27. Transportation Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Transportation Analytics Market
29. Transportation Analytics Market Future Outlook and Potential Analysis
30. Appendix
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List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Transportation Analytics Market, Segmentation By Analytics Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Transportation Analytics Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Transportation Analytics Market, Segmentation By Deployment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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