The North America Transportation Analytics Market would witness market growth of 18.2% CAGR during the forecast period (2022-2028).
The fundamental objective of transportation analytics is to simplify the process of predictive analysis of logistics data and to improve the operational efficiency of enterprises. The developments in the sector benefit businesses in terms of operational efficiency, cost savings, cost efficiency, dynamic pricing, and the collection and display of data.
The expansion of the transportation analytics market is being driven in large part by a number of reasons, one of the most important of which is the increasing prevalence of "smart transportation" programs and "Advanced Traffic Management System" (ATM) installations all over the world. It has been observed that there has been a growth in demand for these solutions. This may be attributed to the advantages given by these analytics, which include a decrease in fuel usage, air pollution, and the amount of time spent traveling.
The demand for commercial vehicles in the North American area is expected to continue to increase. This is because the responsibilities placed on fleet management for long-distance operations continue to increase. In addition, other pieces of legislation associated with carbon emissions are now being enacted by municipal governments. As a direct consequence of this, regional manufacturers are using the same technology in buses and other commercial vehicles in an effort to reduce carbon emissions; nevertheless, they will face some particular difficulties. A significant amount of work has been done in the past to improve the duty cycle and fuel economy of vehicles that are utilized for long-distance hauling. The increase in the number of commercial vehicles operating across the area has contributed to the expansion of the market over the period covered by the prediction.
The US market dominated the North America Transportation Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,201.1 Million by 2028. The Canada market is poised to grow at a CAGR of 20.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 19.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Transportation Analytics Market is Estimated to reach $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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