A Broad Analysis of the “Global Transportation Predictive Analytics And Simulation Market Research Report- Forecast To 2025“ methodology of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the industry performance.
Data and analytics are already shaping the way market develops connection between buyers and sellers for many product and services. These platforms are also meeting the unmet demand in transportation industry. For instance, conventional taxicabs relied on hand waving signal mechanism – a passenger waving hands to the empty cabs in the street. This process has created significant demand in the transportation industry. Growth in hailing business has created an urge for different business model to emerge. This business model combines the use of digital platforms with location based navigation technology to instantly meet the needs of passengers in close proximity. This is just a niche example of the model of disruption fueled by predictive analytics and simulation.
Concept of smart cities on the other hand requires automating complex decision making to become more efficient. Transportation for the development of smart cities is one of the major area in which rapid decision making is of utmost importance. Smart transportation utilizing the IoT and automated algorithms can result in 10 – 20% of potential reduction in traffic congestion. For instance, in some cities deployment of such technology is already reaping benefits. In Singapore, data obtained from sensors is being utilized to predict traffic congestion in real time and is also aiding to adjust tolls to limit jams. We predict that using predictive analytics and simulation in transportation management could produce an economic impact of US$ 100 – US$ 500 Bn by reducing traffic congestion.
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The reports cover 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 market were acquisitions, and partnership & collaborations. These activities have paved way for 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 for Transportation Predictive Analytics and Simulation market in the global market.
Key Players Influencing the Market
- Cubic Corporation
- IBM Corporation
- PTV Group
- Xerox Corporation
- SAP AG
- Space – Time Insight
- Cyient – Insights
- Tiger Analytics
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Transportation Predictive Analytics and Simulation market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2025 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), 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 eighteen countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Transportation Predictive Analytics And Simulation market from both demand and supply side and further evaluates market dynamics affecting the market during 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.
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Answers that the report acknowledges:
- Market size and growth rate during forecast period.
- Key factors driving the Transportation Predictive Analytics and Simulation Market.
- Key market trends cracking up the growth of the Transportation Predictive Analytics and Simulation Market.
- Challenges to market growth.
- Key vendors of Transportation Predictive Analytics And Simulation Market.
- Detailed SWOT analysis.
- Opportunities and threats faces by the existing vendors in Global Transportation Predictive Analytics And Simulation Market.
- Trending factors influencing the market in the geographical regions.
- Strategic initiatives focusing the leading vendors.
- PEST analysis of the market in the five major regions.
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