Professional Documents
Culture Documents
Case Study
Case Study
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.
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
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)
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.
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?