In 2016, the global transportation predictive analytics and simulation market was worth USD 1,550.0 million, and it is predicted to be worth USD 3,916.6 million by 2027. The market is expected to grow at a CAGR of 8.9% by 2027.
| Attribute | Details |
|---|---|
| Estimated market size of transportation predictive analytics and simulation in 2016 | USD 1,550 Million |
| Projected market size of transportation predictive analytics and simulation by 2027 | USD 3,916 Million |
| CAGR during 2016 to 2027 | 8.9% |
Transportation predictive analytics and simulation solutions worth more than USD 230 million were used in airline transportation industries around the world in 2016.
By 2027, the transportation predictive analytics and simulation market in North America will account for 35% of global revenues.
The number of vehicles, particularly in developing countries, has been skyrocketing in the last few years and even transportation infrastructure has shown decent growth. Large-scale migration to urban areas has exerted enormous pressure on roadways, leading to an absence of safe public transportation, overcrowded roads, inadequate traffic management, lack of road safety measures, parking hassles and poor road conditions.
Simulation software and predictive analytics for the purpose of transportation gathers data from in-built vehicle sensors and refines it to deliver meaningful analysis. Data analysis can be extremely helpful in predicting traffic flows, thereby reducing congestion and improving traffic movement and the overall road experience.
The demand for data driven information has been rising day by day among transit companies. Companies such as Lyft and Uber use predictive analytics to fill the demand-supply gap that exists for cabs.
Through the transportation predictive analytics and simulation market, transit companies are able to identify which region has the highest demand and also the number of cabs that may be available in that specific region. Messages can be sent to drivers in this case for them to reach their destination and cater to the needs that may arise there.
The Roadways segment was valued at more than USD 620 Million in 2016 and is predicted to touch about USD 1.7 Billion by the end of the forecast period, registering a CAGR of 9.8% for the decade – the highest CAGR among all the segments by component of transport.
An incremental dollar opportunity of more than USD 1 Billion is expected in the Roadways segment of the global transportation predictive analytics and simulation market between 2017 and 2027. Roadways is predicted to be the most attractive segment and is expected to register significant Y-o-Y growth rates during the forecast period.
In terms of component of transport, the application of predictive analytics is likely to be witnessed to a great deal in the airline industry. The airline industry has been quick in the adoption of predictive analytics and simulation software to acquire deeper insights into customer behaviour.
By analysing parameters such as customer buying patterns, seasonal influence and available cargo capacity on a daily, weekly or monthly basis, predictive analytics can help companies maximise revenue and minimise costs of transportation by efficiently predicting customer demand at the same time dealing with capacity limitations if any.
North America is well-known for its developed transport infrastructure, particularly in roadways. The Roadways segment by component of transport in the North America transportation predictive analytics and simulation market is anticipated to reach a market valuation in excess of USD 600 Million by the end of 2027, up from about USD 190 Million in 2016. This represents a CAGR of 11.4% during the 10 year period from 2017 to 2027.
Table 01: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2017–2027
Table 02: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2017–2027
Table 03: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2017–2027
Table 04: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2017–2027
Table 05: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Region, 2017–2027
Table 06: North America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Country, 2016–2027
Table 07: North America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2016–2027
Table 08: North America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2016–2027
Table 09: North America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2016–2027
Table 10: North America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2016–2027
Table 11: Latin America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Country, 2016–2027
Table 12: Latin America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2016–2027
Table 13: Latin America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2016–2027
Table 14: Latin America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2016–2027
Table 15: Latin America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2016–2027
Table 16: APEJ Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Country, 2016–2027
Table 17: APEJ Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2016–2027
Table 18: APEJ Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2016–2027
Table 19: APEJ Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2016–2027
Table 20: APEJ Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2016–2027
Table 21: Japan Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2016–2027
Table 22: Japan Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2016–2027
Table 23: Japan Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2016–2027
Table 24: Japan Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2016–2027
Table 25: Western Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Country, 2016–2027
Table 26: Western Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Country, 2016–2027
Table 27: Western Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2016–2027
Table 28: Western Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2016–2027
Table 29: Western Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2016–2027
Table 30: Western Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2016–2027
Table 31: Eastern Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Country, 2016–2027
Table 32: Eastern Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2016–2027
Table 33: Eastern Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2016–2027
Table 34: Eastern Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2016–2027
Table 35: Eastern Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2016–2027
Table 36: MEA Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Country, 2016–2027
Table 37: MEA Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component, 2016–2027
Table 38: MEA Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Deployment Model, 2016–2027
Table 39: MEA Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Simulation Method, 2016–2027
Table 40: MEA Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, By Component of Transport, 2016–2027
Figure 01: Global Transportation Predictive Analytics And Simulation Market Value (US$ Mn), 2017–2027
Figure 02: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 03: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity, 2017–2027
Figure 04: Global Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Component, 2017 & 2027
Figure 05: Global Transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Component, 2017–2027
Figure 06: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Software, 2017–2027
Figure 07: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Software, 2017–2027
Figure 08: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Services, 2017–2027
Figure 09: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Services, 2017–2027
Figure 10: Global Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 11: Global Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Deployment Model, 2017 & 2027
Figure 12: Global Transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Deployment Model, 2017–2027
Figure 13: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By On-Premise, 2017–2027
Figure 14: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By On-Premise, 2017–2027
Figure 15: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Cloud-based, 2017–2027
Figure 16: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Cloud-based, 2017–2027
Figure 17: Global Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 18: Global Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Simulation Method, 2017 & 2027
Figure 19: Global Transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Simulation Method, 2017–2027
Figure 20: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Microscopic, 2017–2027
Figure 21: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Microscopic, 2017–2027
Figure 22: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Macroscopic, 2017–2027
Figure 23: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Macroscopic, 2017–2027
Figure 24: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Mesoscopic, 2017–2027
Figure 25: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Mesoscopic, 2017–2027
Figure 26: Global Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 27: Global Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Component of Transport, 2017 & 2027
Figure 28: Global Transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Component of Transport, 2017–2027
Figure 29: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Roadways, 2017–2027
Figure 30: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Roadways, 2017–2027
Figure 31: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Railways, 2017–2027
Figure 32: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Railways, 2017–2027
Figure 33: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Airways, 2017–2027
Figure 34: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Airways, 2017–2027
Figure 35: Global Transportation Predictive Analytics and Simulation Market Value (US$ Mn) & Y-o-Y Growth Forecast, By Seaways, 2017–2027
Figure 36: Global Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), By Seaways, 2017–2027
Figure 37: Global Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
Figure 38: Global Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Region, 2017 & 2027
Figure 39: Global Transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Region, 2017–2027
Figure 40: Global Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Region, 2017–2027
Figure 41: North America Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Country, 2017 & 2027
Figure 42: North America transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Country, 2017–2027
Figure 43: North America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 44: North America Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 45: North America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Country, 2017–2027
Figure 46: North America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 47: North America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 48: North America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 49: North America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
Figure 50: Latin America Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Country, 2017 & 2027
Figure 51: Latin America transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Country, 2017–2027
Figure 52: Latin America Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 53: Latin America Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 54: Latin America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Country, 2017–2027
Figure 55: Latin America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 56: Latin America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 57: Latin America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 58: Latin America Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
Figure 59: APEJ Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Country, 2017 & 2027
Figure 60: APEJ transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Country, 2017–2027
Figure 61: APEJ Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 62: APEJ Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 63: APEJ Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Country, 2017–2027
Figure 64: APEJ Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 65: APEJ Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 66: APEJ Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 67: APEJ Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
Figure 68: Japan Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 69: Japan Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 70: Japan Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 71: Japan Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 72: Japan Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 73: Japan Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
Figure 74: Western Europe Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Country, 2017 & 2027
Figure 75: Western Europe transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Country, 2017–2027
Figure 76: Western Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 77: Western Europe Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 78: Western Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Country, 2017–2027
Figure 79: Western Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 80: Western Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 81: Western Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 82: Western Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
Figure 83: Eastern Europe Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Country, 2017 & 2027
Figure 84: Eastern Europe transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Country, 2017–2027
Figure 85: Eastern Europe Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 86: Eastern Europe Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 87: Eastern Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Country, 2017–2027
Figure 88: Eastern Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 89: Eastern Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 90: Eastern Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 91: Eastern Europe Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
Figure 92: MEA Transportation Predictive Analytics and Simulation Market Value Share (%) & BPS Analysis, By Country, 2017 & 2027
Figure 93: MEA transportation Predictive Analytics and Simulation Market Value Y-o-Y Growth Comparison, By Country, 2017–2027
Figure 94: MEA Transportation Predictive Analytics and Simulation Market Value (US$ Mn) Forecast, 2017–2027
Figure 95: MEA Transportation Predictive Analytics and Simulation Market Absolute $ Opportunity (US$ Mn), 2017–2027
Figure 96: MEA Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Country, 2017–2027
Figure 97: MEA Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component, 2017–2027
Figure 98: MEA Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Deployment Model, 2017–2027
Figure 99: MEA Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Simulation Method, 2017–2027
Figure 100: MEA Transportation Predictive Analytics and Simulation Market Attractiveness Analysis, By Component of Transport, 2017–2027
In 2016, the global transportation predictive analytics and simulation market was worth USD 1,550.0 million, and it is predicted to be worth USD 3,916.6 million by 2027.
BM Corporation, Xerox Corporation, and SAP AG are some prominent transportation predictive analytics and simulation service providers
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