The Asia Pacific Transportation Analytics Market would witness market growth of 19.3% CAGR during the forecast period (2022-2028).
The introduction of cloud computing, complex event processing (CEP), and the Internet of Things have all brought about changes in data architecture. Applications, such as enterprise resource planning (ERP), warehouse management, logistics, and enterprise asset management, have matured to the point where they may give information beyond conventional application silos.
Transportation analytics have the potential to assist managers, third-party logistics providers (3PLs), and partners in remaining on the same page, united, and focused despite the ups and downs of sales and revenue channels. Companies have to be aware of the fact that using a single kind of analytical method will not result in greater results than using any other kind.
They are tied to one another and connected to one another, with each one providing a unique set of insights and data. As a result of the fact that data is essential for the whole of the freight logistics and shipping chain, transportation analytics are increasingly becoming standard practice among providers of transportation and freight forwarding services.
India's economy has been consistently ranked among those with the highest rates of growth around the globe. This expansion is being driven almost entirely by the ever-increasing demand for products and services. A significant number of individuals have been provided with possibilities to advance their economic situation as a direct result of the transportation of goods both inside the country and beyond international boundaries. About five percent of India's total Gross Domestic Product (GDP) is contributed by the logistics sector. The growing use of smart logistics technology will result in an increase in the need for real-time data monitoring related to freight transportation. This will, in turn, provide chances for development in the market for regional transportation analytics.
The China market dominated the Asia Pacific Transportation Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,107.9 Million by 2028. The Japan market is estimated to grow a CAGR of 18.6% during (2022 - 2028). Additionally, The India market would display a CAGR of 20% during (2022 - 2028).
Based on Application, the market is segmented into Traffic & Incident Management, Traffic Planning & Maintenance, Logistics Management, and Others. Based on Deployment Mode, the market is segmented into On-premise, Cloud, and Hybrid. Based on Type, the market is segmented into Descriptive, Prescriptive, and Predictive. Based on Component, the market is segmented into Solution and Services. Based on Mode of Transport, the market is segmented into Roadways, Railways, Airways, and Waterways. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Transportation Analytics Market is Projected to reach USD 37.4 Billion by 2028, at a CAGR of 18.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, INRIX, Inc., Indra Sistemas, S.A., Cubic Corporation (Veritas Capital Fund Management, LLC), TomTom N.V., Siemens AG, Alteryx, Inc., Kapsch TrafficCom AG (Datax Handelsgmbh), Trimble, Inc., and Cellint Traffic Solutions Ltd.
By Application
By Deployment Mode
By Type
By Component
By Mode of Transport
By Country
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