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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

Predictive analytics is the practice of obtaining crucial information from existing data sets, in order to ascertain certain patterns and predict future outcomes and trends. It does not tell future or what will happen in the future rather it forecasts what might happen in the future with acceptable level of reliability. Predictive analytics has been largely used in transportation sector, where it provides valuable insights from data collected from numerous sources. These sources include vehicle location system, on-board sensors and data collection points embedded in fare and ticketing system, and scheduling and asset management system. Transportation predictive analytics and simulation software utilizes the extracted data to determine patterns and trends associated with transportation, in order to improve the efficiency of transportation operations.

The global transportation predictive analytics and simulation market is estimated to account for US$ 1,930.1Mn in terms of value by the end of 2019 and is expected to grow at a CAGR of 8.9% during the forecast period (2019-2027).

Market Dynamics- Driver

  1. Rising number of connected vehicles is expected to drive growth of the global transportation predictive analytics and simulation market during the forecast period

Growing popularity of IoT among consumers has increased the number of connected vehicles in the recent past significantly. OEMs are launching premium as well as mid-range cars with pre-installed sensors. These sensors enable automated driving capabilities, vehicle data tracking, and vehicle to safety pertaining to engine diagnostics and vehicle usage. Furthermore, connected cars can generate information related to traffic flow and density in real-time. This data can be obtained using transportation predictive analytics and simulation software, which facilitates better analysis of traffic flow.

  1. Increasing vehicle traffic volumes worldwide is expected to propel the global transportation predictive analytics and simulation market over the forecast period

The number of vehicles around the world has been increased significantly in the recent past. This mainly due to significant growth in transportation infrastructure. According to GOV.UK, 2019, all motor traffic increased by 0.8% from 2018. Increasing population in cities is exerting pressure on road networks, leading to overcrowded road networks, lack of safe public transportation modes, poor traffic management, parking issues, road safety concerns, and poor road conditions. Predictive analytics and simulation software for transportation collects the data from sensors embedded in vehicles and process it to produce meaningful insights. This analysis can help to manage the road traffic flow efficiently and reduce congestions on the roads.

North America region dominated the global transportation predictive analytics and simulation market in 2018, accounting for 31.3% share in terms of value, followed by Europe and Asia Pacific, respectively

Transporation Predictive Analytics and Simulation  | Coherent Market Insights

Source: Coherent Market Insights

Market Dynamics-Restrain

  1. Lack of skilled resources is expected to restrain the global transportation predictive analytics and simulative market over the forecast period

Predictive analytics and simulation software is complex software to use, where it requires highly skilled operators. These operators should be able to process data refining and preparation, build predictive models, and integrate these models into application environment. Moreover, the problems sway between lack of skilled operators and availability of skilled operators at expensive price. This, in turn, is expected to restrain the market growth over the forecast period.

  1. Challenges related to data integration is another factor expected to hamper the global transportation predictive analytics and simulative market during the forecast period

The data collected from wide range of systems and multiple sources are heterogeneous, high-dimensional, and highly noisy with complex interdependencies. Such expansive and diverse amount of data is challenging to process on real-time basis and convert it into useful insight for near-real operations or even for long-term process is extremely challenging. Moreover, low latency and data reliability, which is required to be translated into actionable intelligence to improve safety and for collision avoidance is expected to hamper the market growth over the forecast period.

Market Opportunities

  1. Rising number of smart city projects undertaken by the government is expected to offer lucrative growth opportunities

Managing the transportation system of city is a challenging task, which includes road safety, parking management, reduction of traffic congestion, and vehicle-to-vehicle safety. Smart city projects are increasingly rapidly worldwide, owing to proactive government initiatives, growing digitization in various industrial verticals, and rapid adoption of IoT and big data. For instance, in 2016, the U.S. Department of Transportation invested around US$ 350 million for smart city and advanced transportation technologies. This, in turn, is expected to pose significant growth opportunities in the near future.

  1. Growing inclination towards data driven information by transit companies

Many transit companies have been demanding data driven information. Companies such as Lyft and Uber use predictive analytics and simulation software where they can determine if the demand is the highest from specific region and whether the required number of fleet of cabs is available in that particular region. Companies sends message to driver in such situations so that they will reach specific area, so as to cater to the requirements.

Transporation Predictive Analytics and Simulation  | Coherent Market Insights

Source: Coherent Market Insights

Market Trends

  1. Growing installation of predictive analytics, in order to reduce risk

Introduction of IoT, the number of connected devices has been increased significantly and is expected to rise further during the forecast period. These devices create large amount of data, which can be analyzed and used for transportation sector. This data can be used to obtain valuable insights with the help of predictive analytics software, which has increased the demand for the same software.

  1. Growing use of microscopic transportation simulation platforms for planning infrastructure

A number of data analytics transport companies are developing microscopic simulation platforms, since microscopic simulation emphasizes on individual vehicles and their interactions, which in turn, helps traffic engineers and transport planners to evaluate the urban traffic system and suggest suitable infrastructure. For instance, Advanced Data Analytics in Transport (ADAIT) team piloted a microscopic simulation on their new smart motorway control system for Sydney M4, which is an arterial route in Sydney, Australia. The simulation showed that travel time savings can reach 40% during peak hours by adding an extra lane to existing route. This also means, it will save around US$ 22 million per annum on part of M4 alone and possibly over US$ 500 million per annum savings to the whole system in Sydney.

Segment information:

In global transportation predictive analytics and simulation market, by component of transport segment, roadways sub-segment dominated the global transportation predictive analytics market in 2018, accounting for 41.0% share in terms of value.

Transporation Predictive Analytics and Simulation  | Coherent Market Insights

Source: Coherent Market Insights

Competitive Section

Key companies involved in the global transportation predicative analytics and simulation market are Cubic Corporation, T-Systems International GmbH, IBM Corporation, Tiger Analytics Inc., PTV Group, Cyient-Insights, Xerox Corporation, Predikto Inc. SAP AG, and Space-Time Insight.

Key Developments

  1. Key companies are focused on participating exhibitions and conferences, in order to enhance their global market presence. For instance, in June 2019, Cubic Corporation, participated in ITS America 2019 annual meeting to showcase its innovative and scalable Trafficware and GRIDSMART capabilities.
  2. Major market players are focused on participating exhibitions and conferences, in order to gain competitive edge in the market. For instance, in March 2019, PTV Group participated at Traffex and Parkex to showcase its latest innovations.

Predictive analytics is the practice of obtaining crucial information from existing data sets, in order to ascertain certain patterns and predict future outcomes and trends. In transportation, predictive analytics and simulation software is used to determine traffic patterns and predict future outcomes and trends concerned with transportation. Predictive analytics has been largely used in transportation sector, where it provides valuable insights from data collected from numerous sources. These sources include vehicle location system, on-board sensors and data collection points embedded in fare and ticketing system, and scheduling and asset management system. This software provides various results to the transportation sector such as predictive maintenance, traffic optimization, network & capacity optimization, revenue optimization, and customer behavior. This software finds applications in different components of transport including railways, roadways, seaways, and airways as it can offer cost-saving operations for these components.

Market Dynamics

Growing popularity of IoT among consumers has increased the number of connected vehicles in the recent past significantly. OEMs are launching premium as well as mid-range cars with pre-installed sensors such as OBD-II, vehicle tracking, black box among others. These sensors enable automated driving capabilities, vehicle data tracking, and vehicle to safety pertaining to engine diagnostics and vehicle usage. Furthermore, connected cars can generate information related to traffic flow and density in real-time. This data can be obtained using transportation predictive analytics and simulation software, which facilitates better analysis of traffic flow. Moreover, now a days this data is used by insurance company to determine the driving pattern of the customers and to provide them a usage based insurance (UBI). Predictive analytics and simulation software for transportation offer cost-saving operations. Freight carriers in transportation sector require constant maintenance, which is the major reason behind increase in costs. Transpiration predictive analytics and simulation software provides predictive maintenance for vehicles by collecting data from sensors installed in vehicles and ascertaining which components are most likely to require immediate attention. Owing all these benefits the demand for transportation predictive analysis and simulation software is increasing globally.

Market Taxonomy

This report segments the global transportation predictive analysis and simulation market on the basis of component, simulation method, development model and component of transport. On the basis of component, the global transportation predictive analysis and simulation market is segmented into software and services. On the basis of simulation method, the market is segmented into microscopic, macroscopic, and mesoscopic. On the basis of development model, the market is segmented into on-premise, and cloud-based. On the basis of component of transport, the market is segmented into roadways, railways, airways and seaways.

Key features of the study:

  • This report provides an in-depth analysis of the Global transportation predictive analysis and simulation market and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR %) for the forecast period (2019 – 2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global transportation predictive analysis and simulation market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study Cubic Corporation, Siemens, T-Systems International GmbH, IBM Corporation, Tiger Analytics Inc., PTV Group, Cyient-Insights, Predikto Inc., SAP AG, and Space-Time Insight.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global transportation predictive analysis and simulation market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global transportation predictive analysis and simulation market

Detailed Segmentation:

  •  Global Transportation Predictive Analysis And Simulation Market, By Component:
    • Software
    • Services
  •  Global Transportation predictive analysis and simulation Market, By Simulation Method:
    • Microscopic
    • Macroscopic
    • Mesoscopic
  •  Global Transportation Predictive Analysis And Simulation Market, By Development Model:
    • On-Premise
    • Cloud-based
  • Global Transportation Predictive Analysis And Simulation Market, By Component of Transport:
    • Roadways
    • Railways
    • Airways
    • Seaways
    • Cloud-based
  • Company Profiles
    • Cubic Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Siemens
    • T-Systems International GmbH
    • IBM Corporation
    • Tiger Analytics Inc.
    • PTV Group
    • Cyient-Insights
    • Cyient-Insights
    • SAP AG
    • Space-Time Insight

*Browse all the market data tables and figures on "Global Transportation Predictive Analysis and Simulation Market - Forecast to 2027”

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Component
      • Market Snippet, By Simulation Method
      • Market Snippet, By Development Model
      • Market Snippet, By Component of Transport
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)                   
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New system Launch/Approvals
      • Value Chain Analysis
      • Porter’s Analysis
      • PEST Analysis
  4. Global Transportation Predictive Analytics and Simulation Market, By Component, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Software
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Services
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  5. Global Transportation Predictive Analytics and Simulation Market, By Simulation Method, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Microscopic
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Macroscopic
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Mesoscopic
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  6. Global Transportation Predictive Analytics and Simulation Market, By Development Model, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • On-Premise
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Cloud-based
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  7. Global Transportation Predictive Analytics and Simulation Market, By Component of Transport, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Segment Trends
    • Roadways
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Railways
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Airways
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
    • Seaways
      • Introduction
      • Market Size and Forecast, 2019–2027, (US$ Million)
  8. Global Transportation Predictive Analytics and Simulation Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Simulation Method, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Development Model, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component of Transport, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Simulation Method, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Development Model, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component of Transport, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Simulation Method, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Development Model, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component of Transport, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Simulation Method, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Development Model, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component of Transport, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, By Component, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Simulation Method, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Development Model, 2019–2027 (US$ Million)
      • Market Size and Forecast, By Component of Transport, 2019–2027 (US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Israel
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  9. Competitive Landscape
    • Company Profiles
      • Cubic Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Cyient-Insights
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • IBM Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Predikto Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • PTV Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SAP AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Siemens
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Space-Time Insight.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Tiger Analytics Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • T-Systems International GmbH
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Xerox Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
      • Recent Developments/Updates
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse XX market data tables and XX figures on "Transportation Predictive Analytics and Simulation- Global forecast to 2027”.

Frequently Asked Questions

The global transportation predictive analytics and simulation market is estimated to exhibit a CAGR of 8.9% over the forecast period (2019-2027).
Some of the major players operating in the global transportation predictive analytics and simulation market include Cubic Corporation, T-Systems International GmbH, IBM Corporation, Tiger Analytics Inc., PTV Group, Cyient-Insights, Xerox Corporation, Predikto Inc. SAP AG, and Space-Time Insight.
Lack of skilled resources and challenges related to data integration are the major factors that are expected to hamper growth of the market over the forecast period.
Rising number of connected vehicles, coupled with increasing vehicle traffic volumes, globally are the major factors that are expected to propel growth of the market over the forecast period.
The global transportation predictive analytics and simulation market is estimated to account for US$ 1,930.1 Mn, in terms of value by the end of 2019.
Among regions, North America held a dominant position in the global transportation predictive analytics and simulation market in 2018, accounting for 31.3% share in terms of value, followed by Europe and Asia Pacific, respectively.
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