The global transportation systems and analytics market is anticipated to grow at a CAGR of 10.1% during the forecast period (2024-2031). An increase in the adoption of efficiency and safety in the logistics management of transportation networks drives the growth of the market. Advanced transportation analytics has great value for both shippers and logistics service providers (LSPs). This value appears in many forms that offer a significant amount of data, providing shippers and LSPs with precious shipping analytics that help make any business function as efficiently as possible. Various factors such as rapidly improving technological innovations, maximizing on-time delivery, and advanced enabling in end-to-end transportation modelling accelerate the growth of the market. Reduction in fuel consumption, travelling time, and air pollution are some of the benefits offered by these analytics solutions. A shift toward automation of operational processes with the use of Artificial Intelligence (AI) and Machine Learning (ML) is likely to foster market growth.
Users of supply chain catalysts can identify suppliers with weakening financial, sustainability, reputational and operational risk profiles for risk mitigation. For instance, in May 2022, Moody’s Analytics launched supply chain catalyst, a data and analytics platform for monitoring and managing supply chain risk. The solution helps organizations identify structural vulnerabilities and anticipate potential disruptions across their supply chain by providing a 360-degree view of suppliers across financial, sustainability, reputational and operational risk factors.
Automotive clients to unlock the full potential of connected car data. By exploring new approaches it enhance the customer experience but also working towards a more sustainable future. For instance, in February 2023, NTT DATA, a digital business and IT services, launched connected car data initiative to reduce traffic congestion & CO2 emissions. NTT DATA develop a proof of concept (POC) utilizing connected car data owned by Toyota Motor Corp. in a parking lot at Mitsui Shopping Park LaLaport TOKYO-BAY, a shopping mall operated by Mitsui Fudosan Group. This POC validates the processing and analysis of past driving data and real-time driving data (Vehicle speed and Fuel consumption).
Transportation analytics unlocks key insights and enables customers to better understand vehicle stop characteristics and parking trends to help identify where heavy duty truck (HDT) parking is required to help improve safety for drivers. For instance, in April 2023, Geotab Intelligent Transportation Systems (ITS), launched Stop Analytics, a powerful data analytics module that offers aggregate commercial vehicle parking insights. The new module is available on Altitude, a transportation analytics platform focused on aggregating data transparently and consistently to offer the most accurate custom reporting and benchmarking.
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Market Coverage
- The market number available for – 2022-2031
- Base year- 2023
- Forecast period- 2024-2031
Segment Covered-
- By Type
- By Deployment
- By Application
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- includes Google LLC, IBM Corp., SAP SE, Siemens Mobility, Trimble Inc., and others.
Transportation Systems and Analytics Market Report Segment
By Type
- Descriptive
- Predictive
- Prescriptive
By Deployment
- On-premise
- Cloud
- Hybrid
By Application
- Traffic Management
- Logistics Management
- Planning & Maintenance
- Others (Transit Planning and Maintenance)
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Company Profiles
- Alteryx Inc.
- Cubic Corp.
- Cubic Corp.
- Deloitte Touche Tohmatsu Ltd.
- Google LLC
- IBI Group Inc.
- INRIX Corp.
- Intel Corp.
- Kapsch TrafficCom AG
- Omnitracs
- Oracle Corp
- Sisense Inc.
- SmartDrive Systems Inc.
- TomTom N.V.
- TransCore
- Trimble Inc.
- WSP Global Inc.
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