The design and development of smart and connected vehicles and the development of semi-autonomous and autonomous vehicles offer many opportunities for the growth of the transport analytics market. The transportation analytics market is likely to mean significant growth due to the high adoption of smart and related technologies in the transportation infrastructure. The growth of the urban population and high demographics also have a major impact on the growth of the market. In addition, the design and development of related vehicles and the development of semi-autonomous and autonomous vehicles provide many opportunities for the growth of the transport analytics market.
The increasing migration of people from rural to urban areas, together with a growing population, are the main causes of traffic problems. Traffic congestion increases environmental problems, reduces the efficiency of the transportation management system, increases fuel consumption and air pollution and extends travel time.
KALERIS, a leading provider of cloud transport and asset management, launched Transport Analytics, a dominant business intelligence company that presents analytics for rail supply chain.
Adding Transport Analysis, The KALERIS Delivery Network platform offers shippers, service providers and carriers the opportunity to learn about business and improve innovative corporate rail analysis. Transport Analytics visualization tools and intuitive boards help users evaluate large data sets, integrate KPIs and swiftly classify and handle exceptions to leverage asset utilization, inventory and productivity.
The global transportation analytics market is broadly diversified based on type, mode, deployment, and region. On the basis of type, the global transportation analytics market is segmented into predictive analytics, diagnostic analytics, descriptive analytics, and prescriptive analytics. Based on deployment, the global market is bifurcated into cloud, on-premise, and hybrid. The global market for transportation analytics is also classified based on mode such as railways, roadways, waterways, and airways.
Region-wise the global transportation analytics market is led by Europe owing to presence of major technology investors and sophisticated testing environment. Moreover, Asia Pacific region is poised to show drastic growth in the coming period amid drastic growth in infrastructural development and technology advancement. Other regions such as North America, the Middle East and Africa are also set to show increasing growth trends in the global transportation analytics market in the coming period.
The key players are majorly targeting transportation complexities through smart innovation. Some of the key competitors dominating the global transportation analytics market include IBM Corporation, Cellint, Kapsch, Trafficcom, INRIX, Cubic, SmartDrive Systems, Envista, Hitachi, OmniTracs, Siemens, Syntelic, and Tom among others.
