Home > Automotive > Automotive Logistics > Logistics Technology > Transportation Analytics Market

Transportation Analytics Market Trends

Report ID: GMI7718
Published Date: Dec 2023
Report Format: PDF

Download Free Sample

Transportation Analytics Market Trends

The integration of AI and ML technologies is expected to play a pivotal role in shaping the future of transportation analytics. These advanced technologies can analyze vast datasets to identify patterns, optimize routing, predict traffic congestion, and enhance decision-making processes. As the transportation industry continues to embrace automation, AI and ML applications are likely to become increasingly integral for achieving efficiency and responsiveness in real-time transportation analytics. Citing an example, in June 2023, NEC Corporation of America (NEC), a prominent provider and integrator of advanced IT, communications, and networking solutions, partnered with the Virginia Tech Transportation Institute (VTTI), a renowned leader in transportation research. Together, they have integrated private 5G and artificial intelligence (AI) technologies to develop an innovative roadway warning system with the potential to enhance safety and save lives. This solution combines private 5G infrastructure, state-of-the-art AI-driven video analytics, and Cellular Vehicle-to-Everything (C-V2X) technology to create a system that contributes to the safety and security of vehicles and pedestrians near intersections.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for transportation analytics reached USD 12.2 billion in revenue in 2023 and is poised to expand at over 18% CAGR from 2024 to 2032 driven by the increasing congestion in urban areas and the higher need for efficient transportation systems for traffic management and optimization.

The solutions segment accounted for more than 60% of the transportation analytics market share in 2023 and is expected to record substantial growth through 2032 attributed to the increasing need for data-driven insights to optimize and streamline transportation systems.

North America held around 35% revenue share of the transportation analytics industry in 2023 and is set to exhibit robust growth through 2032 owing to the substantial investments in smart infrastructure, advanced technology adoption, and robust data collection mechanisms across the region.

Some of the leading transportation analytic companies are Siemens Mobility, IBM Corporation, SAP SE, Trimble Inc., SAS Institute Inc., Cubic Corporation (Veritas Capital Fund Management, L.L.C.), TomTom NV, PTV group, Inrix Inc., and Conduent Incorporated