Transportation Predictive Analytics Market Research Report- Forecast 2027

Transportation Predictive Analytics Market, By Component (Hardware, Software), By Transport Type (Roadway, Railway, Aviation, Maritime), By End-User (Public Enterprises, Private Enterprises) - Forecast 2027.

ID: MRFR/ICT/1985-HCR | February 2021 | Region: Global | 100 pages

Market Overview


The transportation predictive analytics market is surging rapidly in recent years and will reflect excellent growth in the near future. The anticipated transportation predictive analytics market revenue will reach around USD 1900 million towards the end of 2022, and the CAGR is expected to be 22 percent in the forecast period from 2016 to 2022.


The main objectives of the transportation predictive analytics market are to facilitate logistics data predictive analysis and to transform the way of performance of businesses. The developments in the transportation predictive analytics market trendsbenefit enterprises in operational efficiency, cost efficiency, dynamic pricing, cost-saving, and the collection as well as visualization of data. Such outstanding features enhance the transportation predictive analytics market opportunities for the growth of the market. As per the transportation predictive analytics market outlook, the cost and operational efficiency provided by the market is propelling the transportation predictive analytics marketgrowth to greater heights.


In the modern era, people are shifting more and more towards technological advancements, which in turn escalates the transportation predictive analytics market demand. The rise in adoption of the internet of things or IoT and constant developments in the internet of things are prompting the transportation predictive analytics market growth. Along with the technological advancements, higher adoption and implementation of cloud computing drives the growth of the market. With the incorporation of software-based storage devices, the transportation predictive analytics market potential is also emerging at a faster rate. The elevation of data volumes in the transportation sector and several other agencies are important transportation predictive analytics market key players that encourage the expansion of transportation predictive analytics market size.


The report highlights the insights of the market structure and transportation predictive analytics market forecast valuation and growth rate in the upcoming years. It describes the effect of COVID19 on the transportation predictive analytics market and explains the factors affecting the potential of the market along with opportunities and challenges of the market. The report also includes several segments and sub-segments of the market and gives an idea about transportation predictive analytics market key players that can impact the growth of the market in the forecast period. It puts light on different geographical regions which can influence the transportation predictive analytics market growth in the near future.


COVID19 Analysis


The global economy has been largely impacted by the outbreak of the COVID19 pandemic, and the economic growth rate has stooped down to the lowest points. The severe consequences of the pandemic have created heavy financial losses for the industrial and working sectors. Such devastation in economic growth will require several further years to regain its momentum and stabilize to its normal growth position. During the lockdown, the production units and industrial processes were closed till an unknown time period which disturbed the entire supply chain. However, the transportation predictive analytics market was still able to maintain steady growth. As the world is progressing more towards technological advancements, it is raising the transportation predictive analytics market demand.


During the pandemic, the adoption of cloud computing and software-based storage devices escalated to a greater extent, which led to the rise in the transportation predictive analytics market growth. The innumerable advantages will fuel the potential of the transportation predictive analytics market in the coming years.


Market Dynamics



  • Major drivers of the market


The transportation predictive analytics market is surfacing at a rapid pace over the years and will achieve optimum levels in the upcoming times. The elevation in the adoption of cloud computing is one of the major driving forces of the transportation predictive analytics market growth. In recent years, software-based storage devices demand is subsequently rising, and with the higher demand for storage devices, the transportation predictive analytics market demand is also evolving. Constant developments in the internet of things are great factors for pushing the transportation predictive analytics market growth upwards.


As per the transportation predictive analytics market forecast, the increasing data volumes in the transportation sector and several other agencies are helping in surging the transportation predictive analytics market share. New technological advancements entice people all across the world, which results in projecting market growth. The transportation predictive analytics market key players have a crucial role in fulfilling customer expectations and boosting the expansion of transportation predictive analytics market size.



  • Significant opportunities for the market


The objectives of the transportation predictive analytics market to offer predictive analysis of logistics data and the capability to change the performance of businesses create numerous advantages that can exhilarate the market growth. With the increased data volumes in several sectors, the transportation predictive analytics market demand also emerges. The ability of the transportation predictive analytics market to facilitate security, safety, dynamic pricing cost-saving features enables numerous transportation predictive analytics market opportunities for market growth.


The operational efficiency, cost efficiency, collection, as well as visualization of data, helps in propagating the transportation predictive analytics market growth to the highest points. Recent developments in the transportation predictive analytics market trends will evolve the market potential to stupendous heights in the forecast years.



  • Market restraints


The coronavirus epidemic outbreak has severely affected the transportation predictive analytics market. Industrial operations and production units mostly remained closed during the pandemic, which incurred immense financial losses. However, the shifting of people towards technological advancements fueled the transportation predictive analytics market demand and helped the market maintain stable growth.



  • Market growth challenges


The numerous opportunities and advantageous features surge the growth of the transportation predictive analytics market, but the market possesses certain challenges too. These challenges can constraint the market growth during the forecast period. The high initial cost of predictive transportation analytics can hinder the expansion of the transportation predictive analytics market size. Some technical challenges associated with the integration of transportation predictive analytics and software simulation with current systems are the factors that restrict the growth of the transportation predictive analytics market share.


Value Chain Analysis


The transportation predictive analytics market outlook represents that the value generated by the market in the past couple of years is attaining maximum levels. By the end of 2022, the transportation predictive analytics market revenue will be way higher than the previous historical growth. In the upcoming years, the transportation predictive analytics market share will progress towards the highest points of growth.


Segment Overview


The global transportation predictive analytics market is divided into various segments on the basis of transport type, component, and end-users. By transport type, the transportation predictive analytics market segment includes railway, roadway, maritime, and aviation. In the transportation segment, road and railway transportation involves a higher amount of risks; therefore, it requires efficient software that can properly track down the machines running on the railway track and road. On the basis of end-users, the transportation predictive analytics market size segmentation consists of private enterprises as well as public enterprises.


The transportation predictive analytics market size segmentation on the basis of the component comprises software and hardware segments. The hardware component is further segmented into storage and servers. The software component is further bifurcated into on-premise service, hybrid cloud, private cloud, and public cloud.


Regional Analysis


The transportation predictive analytics market is analyzed in several geographical regions like North America, South America, Asia-pacific, Europe, and the remaining parts of the world. The North American region accounts for the largest transportation predictive analytics market share in the global market and is leading in the transportation predictive analytics market worldwide. In North America, transport operations and advanced infrastructure growth propel the transportation predictive analytics market demand.


Asia-Pacific region is one of the fastest evolving transportation predictive analytics markets as rapid urbanization and investment in the transportation sector are escalating in the region. The presence of prominent automotive players in the region also prompts the transportation predictive analytics market growth in the Asia-Pacific region.


Competitive Landscape of the market


The major transportation predictive analytics market key players are:



  • Microsoft Corporation (U.S)

  • SAP SE (Germany)

  • Cubic Corporation (U.S.)

  • Predikto Inc. (U.S.)

  • T-Systems (Germany)

  • International Business Machines Corporation (U.S.)

  • Space Time Insight, Inc. (U.S.)

  • Tiger Analytics (U.S.)

  • Xerox Corporation (U.S.)

  • Cyient Insights (India)



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Frequently Asked Questions (FAQ) :


The need to offer a superior level of operation along with increased cost efficiency is expected to motivate the transportation predictive analytics market.

In terms of revenue, the global market is expected to gross USD 1,900 Million by 2022, while utilizing a CAGR of 22 % approximately.

The restrictions the market may face are the elevated levels of initial cost that may be incurred while implementing the system and the technical challenges.

The robust transportation infrastructure in the North American region is expected to spur the transportation predictive analytics market.