The Business Research Company’s Transportation Analytics Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Transportation Analytics Global Market Report 2023 evaluates transportation analytics market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global transportation analytics market is poised for remarkable expansion, with a projected increase from $13.75 billion in 2022 to an impressive $16.65 billion in 2023. This growth is indicative of a robust compound annual growth rate (CAGR) of 21.1%, showcasing the market's resilience and adaptability in the face of ongoing global challenges.

The geopolitical landscape has introduced significant disruptions, particularly the Russia-Ukraine conflict, which has cast a shadow on the world's economic recovery from the COVID-19 pandemic, particularly in the near term. The repercussions of this war extend far and wide, manifesting as economic sanctions levied on multiple nations, unprecedented spikes in commodity prices, and a consequential disruption in global supply chains. This intricate interplay of factors has culminated in inflationary pressures affecting the prices of both goods and services, leaving virtually no market untouched by its effects.

Despite these challenges, the transportation analytics market is poised to continue its upward trajectory, with a projected market size of $34.44 billion by 2027, underpinned by a strong CAGR of 19.9%. This showcases the industry's ability to navigate through turbulent times and reinforces its essential role in optimizing and enhancing global transportation systems.

The burgeoning landscape of government initiatives aimed at fostering the evolution of smart cities and the advancement of sophisticated commuting systems stands as a pivotal force propelling the expansion of the transportation analytics market. In the contemporary context, smart cities serve as exemplars of urban development, excelling in an array of critical domains encompassing the economy, mobility, environment, people's well-being, lifestyle, and governance.

One of the cornerstones of these visionary urban centers is their adept utilization of transportation analytics, which plays a pivotal role in monitoring and efficiently managing their intricate traffic systems. This entails the deployment of state-of-the-art monitoring equipment, including sensors thoughtfully integrated into traffic lights and signals, offering continuous surveillance of traffic flow and patterns.

To illustrate the global significance of this trend, the India Brand Equity Foundation, a trust under the aegis of the Department of Commerce in India, underscores the substantial investments made by the Indian government in its smart city mission. In 2020, an impressive sum of Rs 205,018 crore (equivalent to US$ 28.31 billion) was committed to the cause.

Likewise, on the international stage, the government of Japan made a resounding commitment to fostering the development of smart cities in Southeast Asia. They are set to subsidize such transformative projects spearheaded by Japanese corporations, allocating a staggering 250 billion yen, equivalent to $2.4 billion, towards this endeavor, as reported by Pinsent Masons LLP, a distinguished UK-based law firm specializing in energy, infrastructure, financial services, real estate, and advanced manufacturing and technology sectors.

These compelling illustrations vividly underscore the mounting wave of governmental endeavors to nurture the growth and expansion of smart cities, thereby catalyzing the burgeoning transportation analytics market. This symbiotic relationship between urban innovation and analytical insights is poised to reshape the future of urban mobility and transportation management.

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The transportation analytics market segments in the report are:

1) Transportation Analytics Market By Analytics Type: Descriptive Analytics, Predictive Analytics, Prescriptive Analytics

2) Transportation Analytics Market By Component: Solutions and Services

3) Transportation Analytics Market By Deployment: On-Premise, Cloud, or Hybrid

4) Transportation Analytics Market By Application: Remote Sensing, Transit Management, Traffic Management, Incident Management, Logistics Management, Other Applications

5) Transportation Analytics Market By Mode of Transportation: Railways, Roadways, Maritime, Airways

The table of contents in TBRC’s transportation analytics market report includes:

1. Executive Summary

2. Transportation Analytics Market Characteristics

3. Transportation Analytics Market Trends And Strategies

4. Transportation Analytics Market - Macro Economic Scenario

5. Transportation Analytics Market Size And Growth

......

26. Africa Transportation Analytics Market

27. Transportation Analytics Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Transportation Analytics Market

29. Transportation Analytics Market Future Outlook and Potential Analysis

30. Appendix

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