The report “Europe Transportation Analytics Market 2014-2020”, Europe Transportation analytics Market is expected to grow at a CAGR of approximately 20% during 2015 to 2020.
Browse market data tables and in-depth TOC on “Europe Transportation analytics market (2014-2020)”.
Large amount of unstructured data collected from various sources is the biggest challenge for transportation industry. The need to extract instant insights from this captured data is significant to achieve competitive advantage, optimize investments, improve service reliability and mitigate risks.
The report ‘Europe Transportation analytics Market (2014-2020) defines and segments the transportation analytics market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.
Predictive analytics helps transport industry in predicting the formidable maintenance cost based on the size and age of the fleet. Repair costs, safety mechanisms, compliance, labor and so on are factors which increases the complexity and variability of maintenance cost.
Real-time and predictive analysis of fleet operating conditions, usage and wear patterns, maintenance helps in reduction of the risk of unscheduled maintenance, accelerates service delivery, minimize out-of-service time, prevent expensive failures, extend life of spares.MicroMarketMonitor broadly segments the Europe Transportation analytics market on the basis of solution: Solutions as Analytics (which includes Geospatial, Traffic, Video, Predictive, Fleet and Others), Advance Transportation Control System, Management Solution, Services (including Spanning Services). These solutions are being used in the verticals such as Public Transit (which as Bus, Rail, Tram, Ferry), Roadways, Railways, Airways, Seaways and Others. The report also segmented by geographies, such as U.K., France, Germany and Rest of Europe.
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On the basis of solutions:
- Analytics solution
- Advanced transportation control system
- Management solutions
On the basis of applications:
- Remote sensing
- Transit management
- Traffic incident management
- Public Transit
On the basis of Geography:
- Rest of Europe
Global Transportation Analytics Market
Transportation analytics with its advanced transportation control system along with the system integrators are helping to avoid problems associated with transportation system. Until now, data related to transportation was not collected and utilized, and in order to manage the system effectively there should be proper monitoring and evaluating system in place.
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