The global transportation analytics market is anticipated to reach market size of around US$ 31,000 Mn by 2027 and is anticipated to grow at a CAGR of around 20% in terms of revenue during the forecast period 2020 – 2027.
Transport analysis uses a structure built on analytical insights to ensure efficient transport of people and goods. It gives you an idea of the route, driver, drop off time and driving time.
The increasing demand and adoption of advanced connectivity technologies, including options such as traffic sensors, electronic access, mobility management and monitoring display systems in traffic systems, is driving the demand for traffic analytics. Analytics improves operational management by providing visibility into relevant information. In addition, increasing urban population, increasing demographic proportions, government initiatives for smart city development, and increasing travel convenience are regarded as important drivers of the traffic analytics market in the future. One of the factors limiting the growth of the Transportation Analytics market is the need to meet the stringent regulatory transportation policies of several countries.
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A full report of Transportation Analytics Market available at: https://www.orionmarketreports.com/transaction-monitoring-software-market/47751/
Transportation Analytics Market Segments:
By Component
• Solutions
• Services
By Deployment Type
• Cloud
• On-premises
By Analytics Type
• Descriptive Analytics
• Predictive Analytics
• Prescriptive Analytics
By Mode of Transportation
• Railways
• Roadways
• Maritime
• Airways
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
