Overview and Scope
Transportation predictive analytics and simulation is the use of data analysis techniques and mathematical models to predict and simulate various transportation scenarios.
Sizing and Forecast
The transportation predictive analytics and simulation market size has grown strongly in recent years. It will grow from $2.54 billion in 2023 to $2.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to emergence of iot, early smart city concepts, data collection efforts, government initiatives, transportation infrastructure growth..
The transportation predictive analytics and simulation market size is expected to see strong growth in the next few years. It will grow to $3.91 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to rise in smart cities, increasing iot adoption, demand for traffic management solutions, focus on sustainability.. Major trends in the forecast period include big data integration, artificial intelligence and machine learning, demand for smart transportation, climate and environmental concerns,integration of ai and ml.
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Segmentation & Regional Insights
The transportation predictive analytics and simulation market covered in this report is segmented –
1) By Component: Software, Services
2) By Simulation Method: Microscopic, Macroscopic, Mesoscopic
3) By Type: On-Premise, Cloud-based
4) By Application: Roadways, Railways, Airways, Seaways, Other Applications
North America was the largest region in the transportation predictive analytics and simulation market in 2023. Asia-pacific is expected to be the fastest-growing region in the global transportation predictive analytics and simulation market during the forecast period. The regions covered in the transportation predictive analytics and simulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The growing instances of road accidents are expected to propel the growth of the transportation predictive analytics and simulation market going forward. Road accidents refer to accidents that occur on roads, highways, and other thoroughfares. This has resulted from an increase in the number of vehicles on the road, changes in traffic patterns or road conditions, driver error, or changes in weather patterns. Transportation predictive analytics and simulation help in reducing the number of road accidents by identifying high-risk areas, improving traffic flow, predicting and preventing accidents, and identifying and addressing driver behavior, thus increasing the adaption of transportation predictive analytics and simulation. For instance, in May 2022, the National Highway Traffic Safety Administration, a part of the US Department of Transportation, in 2021, around 42,915 people died in motor vehicle traffic accidents, this number has rose by 10.5% as compared to 38,824 fatalities in the previous year. Therefore, the growing instances of road accidents are driving the transportation predictive analytics and simulation market.
Key Industry Players
Major companies operating in the transportation predictive analytics and simulation market report are SAP AG, IBM Corporation, T-Systems International GmbH, Xerox Corporation, Cubic Corporation, Cyient Insights Private Limited, Tiger Analytics Inc., PTV Group, Predikto Inc., Space-Time Insight India Private Limited, TSS-Transport Simulation Systems Inc., Caliper Corporation, Dataiku, INRIX, Indra Sistemas S.A., Siemens AG, Kapsch TrafficCom AG, TomTom International BV, HERE Technologies, Iteris Inc., Citilabs Inc., Dassault Systèmes SE, Altair Engineering Inc., AnyLogic North America LLC, Simio LLC, FlexSim Software Products Inc., Transoft Solutions Inc., Trafficware Group Inc., Mott MacDonald Group, WSP Global Inc., IBI Group Inc., Stantec Inc., GHD Group Pty. Ltd.
The transportation predictive analytics and simulation market report table of contents includes:
1. Executive Summary
2. Transportation Predictive Analytics And Simulation Market Characteristics
3. Transportation Predictive Analytics And Simulation Market Trends And Strategies
4. Transportation Predictive Analytics And Simulation Market – Macro Economic Scenario
5. Global Transportation Predictive Analytics And Simulation Market Size and Growth
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31. Global Transportation Predictive Analytics And Simulation Market Competitive Benchmarking
32. Global Transportation Predictive Analytics And Simulation Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Transportation Predictive Analytics And Simulation Market
34. Transportation Predictive Analytics And Simulation Market Future Outlook and Potential Analysis
35. Appendix
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