Market Highlights
Market Research Future ( MRFR ) studied the impact of social distancing due to coronavirus pandemic on the worldwide transportation predictive analytics market across the review period ( 2016-2022 ). The expansion of the transportation predictive analytics market can be at 22 % CAGR across forecast period . MRFR study shows that the transportation predictive analytics market rise can be attributed the increase in volume of data in the transportation sector . The rise in need for better business technology that offers high predictive score for customers as well as organizational elements can prompt the expansion of the transportation predictive analytics market .
The growing demand for cost effective solutions , operational efficiency , integrated security & safety , and better pricing of data in the transportation sector can propel the growth of the global transportation predictive analytics market . In the era of rapid technological progression , accurate data for transport management and the need for efficient transportation can support the expansion of the market .
The growing need to minimize the overall risk abled via transportation predictive analytics management can support the expansion of the worldwide market . The inclination towards advanced analytics to predict customer demands and future outcomes can promote the transportation predictive analytics market growth .
On the downside , the high initial price and technical challenges can restrain the expansion of the transportation predictive analytics market .
Segmentation :
The mode of component based segments of the global transportation predictive analytics market are software and hardware . The software service solution segment can expand at the highest growth pace due to the rise in the penetration of cloud-based services along with the augmented demand for smart transport management solutions .
The mode of transportation type based segments of the global transportation predictive analytics market are aviation , roadway , railway , and maritime . The aviation and roadway systems can gain considerable revenue for the market in the near future ,
The mode of end-user based segmenst of the world transportation predictive analytics market are public enterprises and private enterprises .
Regional Analysis
The transport predictive analytics market in North America is likely to head the world market through the evaluation period . The increase in advanced infrastructure developments pertaining to transport operations can spur the expansion of the regional market . Europe transportation predictive analytics market can rise exponentially across the study period due to similar growth factors observed in North America .