The prominent players in the transportation predictive analytics market are Cubic Corporation (U.S.), Microsoft Corporation (U.S), International Business Machines Corporation (U.S.), Xerox Corporation (U.S.), SAP SE (Germany), Space Time Insight, Inc. (U.S.), Predikto Inc. (U.S.), Cyient Insights (India), Tiger Analytics (U.S.), T-Systems (Germany), among others, are profiled in Market Research Future analysis and are at the forefront of competition in the global transportation predictive analytics market. The prominent vendors are aiming to invest more in technology, research, and development events to innovate and expand their existing product portfolio.
Transportation Predictive Analytics Market – Overview
The predictive analytics in transportation is meant to deliver predictive analytics data gathered from logistics, to extract the specific insights for efficient business operation, cost savings, and better data visualization. Predictive analytics has by far captured nearly every industry vertical and is expected to show a tremendous growth rate regarding transportation and logistics. With the availability of data for every business aspect, predictive analytics kind of help the companies to determine their future demands. The factors that drive the market include growing volume of data in the transportation sector and private agencies. Another major factor driving the growth of predictive analytics market is the advancement in technology. The present scenario of the enterprises cannot be imagined without analytics. The recent developments in the software as service platforms, cloud adoption, and connected space are boosting the market growth.
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February 2018, Kuebix Tops 5000 Companies Using its Transportation Management System. The company announced its recent achievement by being adopted by more than 5000 companies. The customers are using Kuebix Business Pro, Kuebix enterprise and Kuebix Free shipper. One of the significant advantages of the company is that the system provided by Kuebix is scalable, secure usability, integrated and upgraded. These features offer the company a benefit to seize the opportunity to capture the demand for capacity and shipments.
February 2018, GE Transportation Delivers First Two Locomotives In Indian Railways Partnership. The General Electric Company has made a partnership with Indian Railways, to manufacture locomotives. The company recently delivered two 4500 horsepower diesel-electric locomotives. Earlier, the company has signed an agreement as a part of the public-private partnership. The overall cost of the partnership was amounting to nearly $2.5 billion and has promised to deliver approx. 1000 locomotives
Transportation Predictive Analytics Market – Segmentation
Segmentation by component: hardware, software
Segmentation by transport type: roadways, railways, aviation, maritime
Segmentation by End-User: public enterprise, private enterprise
Segmentation by region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Transportation Predictive Analytics Market – Regional Analysis
By geography, the market for transportation predictive analytics is segmented into North America, Europe, Asia Pacific and rest of the world. Among these regions, the North America market is mainly dominating the transportation predictive analytics market. This is due to the growing advancement in infrastructure and transportation operations. Europe counts for the second largest market in transportation predictive analytics market. Europe accounts for major industrial verticals involving supply chain and logistics. These industries increasingly require the use of predictive analytics. On the other hand, the highest growth during the forecast period has shown by the Asia Pacific. This growth is majorly due to growing advancement and globalization of emerging countries like India, China, Japan and increasing government investment in this region.
List Of Figures
Figure 1 Research Network Solution
Figure 2 Global Transportation Predictive Analytics Market: By Component (%)
Figure 3 Global Transportation Predictive Analytics Market: By Transport Type (%)
Figure 4 Global Transportation Predictive Analytics Market: By End-User (%)
Figure 5 Global Transportation Predictive Analytics Market: By Region (%)
Figure 6 North America Transportation Predictive Analytics Market, By Component (%)
Figure 7 North America Transportation Predictive Analytics Market, By Transport Type (%)
Figure 8 North America Transportation Predictive Analytics Market, By End-User (%)
Figure 9 Europe Transportation Predictive Analytics Market, By Component (%)
Figure 10 Europe Transport Predictive Analytics Market, By Transport Type (%)
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