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North America Transportation Analytics Market Expected to Reach $57.46 Billion by 2018

The study reports that the global transportation analytics and system market is expected to grow from $28.09 billion in 2013 to $57.46 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 15.4% from 2013 to 2018.

Browse through the TOC of North America Transportation Analytics Market for an analysis of industry trends and segments, with the help of various tables and figures. 

http://www.micromarketmonitor.com/market/north-america-transportation-analytics-1009083602.html

In recent years, many cities have moved toward a multi-modal system, which enables seamless travel between each of the various transportation modes, including bus, train, bicycle, and motor vehicle. In addition, the use of new transportation modes, like car and bicycle sharing, is growing steadily. As new, improved payment systems reduce the friction between transportation modes, this adoption will continue to increase. They are taking a more connected view of the different ways people get from place-to-place, so each mode can fill an optimal role in the overall transportation system. Such multi-modality requires comprehensive data collection.

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As more pieces of a transportation system are integrated, and new, unstructured data sources, like cameras, car sensors, and in-vehicle GPS and geo-location technology become readily available.  Transportation analytics will need to cover this diverse data ecosystem in order to release the potential of multimodal transportation systems. 

More importantly, mobile computing and personal communication devices generate tons of consumer data in near real time—on where individuals are, where they’re going and how they feel about the experience. When mined, this data enables agencies to provide better, more targeted services that reduce costs by making better use of the available infrastructure. Finally, concern for the future of the environment has put the spotlight on energy conservation and pollution control.

By using analytical data to understand driver behaviour, agencies can find creative ways to persuade drivers to take public transportation or to reduce roadway and parking lot congestion; protecting the environment while offering more convenience to their customers. Cities grow faster than highways can expand—leading to a need for analytics to find smarter ways to reduce congestion and improve the overall travel experience. Clearly, analytics has moved from the backroom to the forefront of the transportation industry, providing real-time forecasting methodologies, consumer insight and a means for seamless, sustainable mobility.

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This report segments the transportation analytics market by solution, application, vertical, and geography. It categorizes the North America transportation analytics market to forecast the revenues and analyzes the trends in each of the following submarkets:

On the basis of solutions:

·   Analytics solution

·   Advanced transportation control system

·   Management solutions

·   Services

On the basis of applications:

·   Remote sensing

·   Transit management

·   Traffic incident management

·   Others

On the basis of verticals:

·   Public Transit

·   Roadways

·   Railways

·   Airways

·   Seaways

·   Others

On the basis of Geography:

·   U.S.

·  Canada

·  Mexico

·  Others

 

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