Transportation Analytics Market

The transportation analytics market is expected to grow from USD 10.3 Billion in 2019 to
USD 27.4 Billion by 2024, at a Compound Annual Growth Rate (CAGR) of 21.6% during
the forecast period. The government initiatives for smart cities and growing population are
major factors driving the growth of the market.

By type, predictive analytics segment to register most significant market and

higher growth rate during the forecast period
Predictive analytics for managing transportation can be useful to make commercial
as well as personal transport easier, particularly in terms of cost-efficiency. In transit,
it can be used to improve productivity, fuel optimization, and people efficiency thus
lowering the operational costs. Anticipating daily volumes, optimizing delivery routes,
and allocation of resources to deliver the service efficiently, ultimately enhancing
customer satisfaction. The advanced analytics instead of preventive maintenance
enables companies to perform predictive maintenance. The predictive analytics
solutions gather vehicle data from sensors, which is then examined to identify
components that are most likely to break or underperform.
By mode, under roadways, road traffic management to register higher market
size during the forecast period
In the modes segment under roadways, road traffic management to register higher
market size during the forecast period in transportation analytics market. Data
collected through the GPS and the satellite imaging is used to help in traffic
management, by assisting the user in selecting their way to destination. This helps in
developing better transportation as well as transport infrastructure. Analytics on a
large scale is impacting Traffic management systems by making traveler information
available on a global map that tell drivers about the jam-packed areas.
Europe to account for the highest market size during the forecast period
Europe is a significant revenue-generating region in the global transportation
analytics market. The region experiences maximum developments in the
transportation analytics space. Majority of the transportation analytics solution
providers across the region are regularly involved in product innovations and
deployment of these transportation analytics solutions and services. The vendors
across the region are adopting various growth strategies, such as product
enhancements and new launches, partnerships, and acquisitions, strengthening their
position in the market.

Key Transportation Analytics Market Players

The major transportation analytics vendors include IBM (US), Siemens(Germany),
Cubic (US), Cellint (Israel), Alteryx (US), Kapsch Trafficcom (Austria), INRIX (US),
Indra Sistema (Spain), Trimble (US), TomTom (Netherland), Iteris (US), Conduent
(US), Hitachi (France), Thales (France), OmniTracs (US), Techvantage (US),
CARTO (US), Syntelic (US), SmartDrive Systems (US), Envista (US). These players
have adopted various growth strategies, such as partnerships, agreements, and
collaborations; new product launches and product enhancements; and acquisitions,
to further expand their presence in the global transportation analytics market. New
product launches and product enhancements have been the most dominating
strategies adopted by the major players from 2017 to 2019, which has helped them
to innovate on their offerings and broaden their customer base.

Scope of the Report

Report Metrics Details

Market size available for 2017–2024
years
Base year considered 2018
Forecast period 2019–2024
 Forecast units
Segments covered
Geographies covered
Companies covered
This research report categorizes the transportation analytics market based on type,
mode, and region.
Billion (USD)
Type, Mode, and Region
North America, Europe, APAC,
Latin America, and MEA
IBM (US), Siemens(Germany),
Cubic (US), Cellint (Israel),
Alteryx (US), Kapsch Trafficcom
(Austria), INRIX (US), Indra
Sistema (Spain), Trimble (US),
TomTom (Netherland), Iteris
(US), Conduent (US), Hitachi
(France), Thales (France),
OmniTracs (US), Techvantage
(US), CARTO (US), Syntelic
(US), SmartDrive Systems (US),
Envista (US)

By Type, the market has the following segments:

 Descriptive Analytics
 Predictive Analytics
 Prescriptive Analytics

By Mode, the transportation analytics market has the following segments:

 Railways
o Performance Management
o Rail Traffic Management
o Others (Planning & Maintenance and Customer Satisfaction)
 Roadways
o Road Safety Management
o Road Traffic Management
o Others (Planning & Maintenance and Customer Satisfaction)
 Airways
o Air Traffic Management
o Route Optimization
o Others (Planning & Maintenance and Customer Satisfaction)
 Waterways
o Ship Monitoring
o Route Optimization
o Others (Planning & Maintenance and Customer Satisfaction)

By Region, the transportation analytics market has the following segments:

 North America
  Europe
 APAC
 Latin America
 MEA

Recent Developments

 In May 2019, IBM partnered with Maersk, a Danish transport and logistics company,
to create a block chain-based shipping and supply Chain Company. The primary goal
of the venture is to commercialize block chain for all aspects of the global supply
chain system, ranging from shipping to ports and banks to customs offices.
 In January 2018, IBM partnered with the Port of Rotterdam, Europe’s largest port, to
build a long-term digitization strategy that would transform the operation of the port
and lay the foundation for autonomous ships using cloud-based IoT, AI, and smart
weather data.
 In January 2019, Cubic has acquired GRIDSMART Technologies a market-leading,
technology-driven business with a differentiated video tracking offering for the
Intelligent Traffic Systems for approximately USD 87 million in cash. This acquisition
helps to expand intelligent traffic management offering.

Critical Questions the Report Answers

 What are the current trends driving the transportation analytics market?
 Where will all the developments take the industry in the mid- to long-term?
 Who are the top vendors in the market, and how is the competitive scenario among
them?
 What are the drivers and challenges of the market?