1. Market Research
  2. > Advanced IT Market Trends
Transportation Predictive Analytics And Simulation Market: Increasing Spending on Railway Infrastructure for Optimizing Rail Networks Likely to Create Good Market Opportunities: Global Industry Analysis and Opportunity Assessment 2017-2027

Transportation Predictive Analytics And Simulation Market: Increasing Spending on Railway Infrastructure for Optimizing Rail Networks Likely to Create Good Market Opportunities: Global Industry Analysis and Opportunity Assessment 2017-2027

  • April 2017
  • 215 pages
  • ID: 5043348
  • Format: PDF
  • By Future Market Insight Global & Consulting Pvt Ltd

Summary

Table of Contents

Connected vehicles are the need of the hour

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. Connected cars are also able to generate information pertaining to traffic flows in real time. This information can be obtained with the help of the transportation predictive analytics and simulation market, allowing better analysis of traffic flows.

Global vehicular traffic volume increasing by leaps and bounds

The number of vehicles, particularly in developing countries, has been skyrocketing in the last few years and even transportation infrastructure has shown decent growth. Large-scale migration to urban areas has exerted enormous pressure on roadways, leading to an absence of safe public transportation, overcrowded roads, inadequate traffic management, lack of road safety measures, parking hassles and poor road conditions. Simulation software and predictive analytics for the purpose of transportation gathers data from in-built vehicle sensors and refines it to deliver meaningful analysis. Data analysis can be extremely helpful in predicting traffic flows, thereby reducing congestion and improving traffic movement and the overall road experience.

Transit companies using data driven information for transportation

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.

Roadways to remain the largest segment in terms of transport components

The Roadways segment was valued at more than US$ 620 Mn in 2016 and is predicted to touch about US$ 1.7 Bn by the end of the forecast period, registering a CAGR of 9.8% for the decade – the highest CAGR among all the segments by component of transport. An incremental dollar opportunity of more than US$ 1 Bn is expected in the Roadways segment of the global transportation predictive analytics and simulation market between 2017 and 2027. Roadways is predicted to be the most attractive segment and is expected to register significant Y-o-Y growth rates during the forecast period. Trends likely to govern the global transportation predictive analytics and simulation market

In terms of component of transport, the application of predictive analytics is likely to be witnessed to a great deal in the airline industry. The airline industry has been quick in the adoption of predictive analytics and simulation software to acquire deeper insights into customer behaviour. By analysing parameters such as customer buying patterns, seasonal influence and available cargo capacity on a daily, weekly or monthly basis, predictive analytics can help companies maximise revenue and minimise costs of transportation by efficiently predicting customer demand at the same time dealing with capacity limitations if any.

Roadways segment likely to witness the highest CAGR in terms of value in the North America transportation predictive analytics and simulation market

North America is well-known for its developed transport infrastructure, particularly in roadways. The Roadways segment by component of transport in the North America transportation predictive analytics and simulation market is anticipated to reach a market valuation in excess of US$ 600 Mn by the end of 2027, up from about US$ 190 Mn in 2016. This represents a CAGR of 11.4% during the 10 year period from 2017 to 2027.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
15% Off

($5000)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
IDC's Worldwide Massively Parallel Computing Taxonomy, 2019

IDC's Worldwide Massively Parallel Computing Taxonomy, 2019

  • $ 4500
  • October 2019

This IDC study introduces IDC's concept of massively parallel compute (MPC) that is being applied as an infrastructure approach of choice across three major and fast-growing use case categories: modeling ...

Big Data and Analytics Practices in the Experience-Driven Business Environment of Southeast Asia

Big Data and Analytics Practices in the Experience-Driven Business Environment of Southeast Asia

  • $ 4500
  • October 2019

Today's business decisions are increasingly enabled by data, and few business leaders need to justify the case for analytics or data-driven insights. However, when it comes to actual implementations, which ...

Global Manufacturing Analytics Industry

Global Manufacturing Analytics Industry

  • $ 4950
  • October 2019

Manufacturing Analytics market worldwide is projected to grow by US$12.2 Billion, driven by a compounded growth of 20.5%. Predictive Maintenance & Asset Management, one of the segments analyzed and sized ...


ref:plp2017

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on