PUBLISHER: The Business Research Company | PRODUCT CODE: 1668659
PUBLISHER: The Business Research Company | PRODUCT CODE: 1668659
Transportation predictive analytics and simulation involve the application of data analysis techniques and mathematical models to anticipate and simulate diverse transportation scenarios.
The key elements of transportation predictive analytics and simulation include software and services. Software encompasses computer programs and tools utilized for the analysis and modeling of transportation data, enabling predictions about future transportation trends and occurrences. Its functionalities extend to the collection and storage of transportation data, analysis of transportation patterns, identification of trends, creation of virtual models for transportation systems, and the generation of maps. Transportation predictive analytics and simulation operate through microscopic, macroscopic, and mesoscopic simulation models, available for deployment on both on-premise and cloud-based platforms. The end-users benefiting from transportation predictive analytics and simulation span roadways, railways, airways, seaways, and other transportation systems.
The transportation predictive analytics and simulation software market research report is one of a series of new reports from The Business Research Company that provides transportation predictive analytics and simulation software market statistics, including transportation predictive analytics and simulation software industry global market size, regional shares, competitors with a transportation predictive analytics and simulation software market share, detailed transportation predictive analytics and simulation software market segments, market trends and opportunities, and any further data you may need to thrive in the transportation predictive analytics and simulation software industry. This transportation predictive analytics and simulation software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The transportation predictive analytics and simulation market size has grown strongly in recent years. It will grow from$2.72 billion in 2024 to $2.94 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to emergence of iot, early smart city concepts, data collection efforts, government initiatives, transportation infrastructure growth
The transportation predictive analytics and simulation market size is expected to see rapid growth in the next few years. It will grow to $4.37 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. The growth in the forecast period can be attributed to rise in smart cities, increasing iot adoption, demand for traffic management solutions, focus on sustainability. Major trends in the forecast period include big data integration, artificial intelligence and machine learning, demand for smart transportation, climate and environmental concerns, integration of ai and ml.
The expected rise in instances of road accidents is set to drive the growth of the transportation predictive analytics and simulation market. Road accidents, occurring on roads, highways, and other thoroughfares, stem from factors such as increased vehicular traffic, alterations in traffic patterns or road conditions, driver errors, or shifts in weather conditions. Transportation predictive analytics and simulation play a crucial role in mitigating road accidents by identifying high-risk areas, enhancing traffic flow, predicting and preventing accidents, and addressing driver behavior. This has led to an increased adoption of transportation predictive analytics and simulation. For instance, data from May 2022 revealed that the National Highway Traffic Safety Administration, a part of the US Department of Transportation, reported 42,915 fatalities in motor vehicle traffic accidents in 2021, marking a 10.5% increase from the 38,824 fatalities in the previous year. Hence, the growing instances of road accidents are a significant driver of the transportation predictive analytics and simulation market.
The anticipated growth of transportation is expected to be a driving force behind the expansion of the transportation predictive analytics and simulation market. Transportation, encompassing the movement of people, animals, goods, or materials from one location to another, is poised for growth. Predictive analytics and simulation technologies play a pivotal role in enabling data-driven decision-making within the transportation industry, optimizing operations, improving safety measures, and enhancing overall system efficiency. For instance, data from June 2023 indicated that the American Trucking Association reported an annual revenue of $875.5 billion for the US trucking industry in 2021, representing 80.4% of the country's freight bill. Therefore, the upward trajectory in transportation activities serves as a key driver for the transportation predictive analytics and simulation market.
Product innovations stand out as a prominent trend gaining momentum in the transportation predictive analytics and simulation market. Companies within this market are actively embracing new technologies as part of their strategy to maintain a competitive edge. An illustrative example is Geotab Intelligent Transportation Systems, a Canada-based provider of telematics technology for GPS fleet management, which introduced Stop Analytics in April 2023. This data analytics module is designed to enhance the movement of goods and services, improve safety at truck stops and roadways, strategically identify new real estate sites, develop more efficient curbside management programs, and pinpoint locations for electric vehicle charging infrastructure. Stop Analytics specifically aids in identifying parking for heavy-duty trucks, contributing to improved driver safety.
Major players in the transportation predictive analytics and simulation market are also actively developing innovative products such as the transport automation controller to drive market revenues. Ericsson, a Sweden-based telecommunications company, launched the Ericsson Transport Automation Controller in November 2023. This cloud-native software, leveraging artificial intelligence (AI) and machine learning (ML), analyzes and automates microwave, IP, and optical networks. Targeted at communications service providers (CSPs), the controller offers an advanced solution for maximizing efficiency in mobile transport networks. The product integrates automatic configuration, pathfinding, and other advanced functionalities, incorporating AIOps (artificial intelligence for IT operations).
In October 2024, Transoft Solutions Inc., a Canada-based transportation engineering software company, acquired Advanced Mobility Analytics Group (AMAG) for an undisclosed sum. This acquisition highlights Transoft's commitment to advancing transportation technology and addressing the growing demand for effective mobility solutions in urban environments. Advanced Mobility Analytics Group, based in Australia, specializes in developing advanced analytics solutions aimed at enhancing road safety and traffic management.
Major companies operating in the transportation predictive analytics and simulation market include SAP AG, IBM Corporation, T-Systems International GmbH, Xerox Corporation, Cubic Corporation, Cyient Insights Private Limited, Tiger Analytics Inc., PTV Group, Predikto Inc., Space-Time Insight India Private Limited, TSS-Transport Simulation Systems Inc., Caliper Corporation, Dataiku, INRIX, Indra Sistemas S.A., Siemens AG, Kapsch TrafficCom AG, TomTom International BV, HERE Technologies, Iteris Inc., Citilabs Inc., Dassault Systemes SE, Altair Engineering Inc., AnyLogic North America LLC, Simio LLC, FlexSim Software Products Inc., Transoft Solutions Inc., Trafficware Group Inc., Mott MacDonald Group, WSP Global Inc., IBI Group Inc., Stantec Inc., GHD Group Pty. Ltd.
North America was the largest region in the transportation predictive analytics and simulation market in 2024. Asia-pacific is expected to be the fastest-growing region in the global transportation predictive analytics and simulation market during the forecast period. The regions covered in the transportation predictive analytics and simulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the transportation predictive analytics and simulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The transportation predictive analytics and simulation market consists of revenues earned by entities by providing predictive analytics and simulation services such as predicting traffic congestion, estimating travel time, optimizing route planning, and assessing the impact of infrastructure changes. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The transportation predictive analytics and simulation market consists of the sales of transportation management systems, predictive analytics software, simulation software, and real-time data analytics. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Transportation Predictive Analytics And Simulation Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on transportation predictive analytics and simulation market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for transportation predictive analytics and simulation ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The transportation predictive analytics and simulation market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.