Transportation Predictive Analytics And Simulation Market Size, Share, Growth, Trends, and Forecast by 2031

MARKET OVERVIEW

With an increasing focus on the Internet of Things (IoT), there has been a substantial increase in the connected vehicles across the world. Both mid-range and high-end cars are being unveiled with sensors built in. These sensors are able to enable vehicle to vehicle safety, automated driving capabilities, and vehicle data tracking related to engine diagnostics and vehicle usage.

MARKET SCOPE

The "Global Transportation Predictive Analytics And Simulation Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the transportation predictive analytics and simulation market with detailed market segmentation by offering, deployment type, transportation model and geography. The report provides key statistics on the market status of the leading transportation predictive analytics and simulation market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on offering, the global transportation software, services
  
•   On the basis of deployment type, the market is segmented on premise, cloud
  
•   Based on transportation model, the market is bifurcated into airways, waterways, roadways, railways
  

MARKET DYNAMICS

Drivers:

•   The demand for data driven information has been rising day by day among transit companies. Companies such as Lyft and Uber use predictive analytics to fill the demand-supply gap that exists for cabs. Through the transportation predictive analytics and simulation market, transit companies are able to identify which region has the highest demand and also the number of cabs that may be available in that specific region. Messages can be sent to drivers in this case for them to reach their destination and cater to the needs that may arise there.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The transportation predictive analytics and simulation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the transportation predictive analytics and simulation market in these regions.

IMPACT OF COVID-19 ON TRANSPORTATION PREDICTIVE ANALYTICS AND SIMULATION MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the transportation predictive analytics and simulation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from transportation predictive analytics and simulation market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the transportation predictive analytics and simulation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Cubic Corporation
  
•   Cyient-Insights
  
•   Dataiku
  
•   IBM Corporation
  
•   Predikto Inc.
  
•   PTV Group
  
•   SAP SE
  
•   Space-Time Insight
  
•   Tiger Analytics Inc.
  
•   T-Systems International GmbH
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Transportation Predictive Analytics And Simulation Report Scope