Global Transportation Analytics Market was valued at USD 10.5 billion in 2019 which is expected to reach USD 29.8 billion by 2027 at a CAGR 22.2%.
The global Transportation Analytics market is studied in detail in the new report on Qualiket Research. The new report studies the Transportation Analytics market by profiling its major driving factors and restraining factors, compiling a comprehensive database on the market’s historical growth trajectory and present conditions, and by using easy formulation of calculations and estimations through the use of industry-leading analytical tools and methods.
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Transportation analytics enable the automation of predictive analysis to identify business needs, project future trends, and build long term strategies for optimizing revenue. The increase in the global population and the need for developed transformation is expected to boost the global transportation analytics market growth. Various strategies adopted by key players like launches, mergers and acquisition, and product enhancement will drive the market growth.
Increase in passenger travel as well as development in transportation infrastructure are key driving factors which are expected to boost the global transportation analytics market growth. Furthermore, Increase in government initiatives and smart city development activities will have the positive impact on global transportation analytics market growth. Moreover, rapid globalization and urbanization will fuel the global transportation analytics market growth. Also, increase in technological advancement which is expected to propel the market growth in near future. For instance, in June 2019, Iteris had launched new transportation analytics platform named as ClearGuide. ClearGuide is designed to help transportation agencies more efficient and safe mobility across the world.
However, stringent transportation rules and regulations will affect the growth of global transportation analytics market. Also, an integration complexity over legacy systems and network is expected to hamper the global transportation analytics market growth.
To understand the potential of market in a precise manner, the global market has been analyzed according to the Porter’s Five Force Model structure. Also, the Transportation Analytics market has been studied using SWOT analysis, and it highlights various strengths and opportunities, threats, and weaknesses that are associated with the industry.
Market Key Players
The report has included a profiling of various prominent players in the market and various trends in the manufacturing landscape and also identifies some of the new market entrants that are shaping the Transportation Analytics market landscape.
Various key players are discussed into report such as Qualcomm Inc., Oracle, Kewill, Ltd., Kapsch Ag, Inrix, Inc., IBM, Garmin, Ltd., Deltion, Ltd., Cubic Corporation, and Cellint.
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