Data and analytics are already shaping the way market develops connection between buyers and sellers for many product and services. These platforms are also meeting the unmet demand in transportation industry. For instance, conventional taxicabs relied on hand waving signal mechanism - a passenger waving hands to the empty cabs in the street. This process has created significant demand in the transportation industry. Growth in hailing business has created an urge for different business model to emerge.
- Advertising -
This business model combines the use of digital platforms with location based navigation technology to instantly meet the needs of passengers in close proximity. This is just a niche example of the model of disruption fueled by predictive analytics and simulation.
Concept of smart cities on the other hand requires automating complex decision making to become more efficient. Transportation for the development of smart cities is one of the major area in which rapid decision making is of utmost importance.
- Advertising -
In Singapore, data obtained from sensors is being utilized to predict traffic congestion in real time and is also aiding to adjust tolls to limit jams. We predict that using predictive analytics and simulation in transportation management could produce an economic impact of US$ 100 - US$ 500 Bn by reducing traffic congestion.
Global Transportation Predictive Analytics And Simulation Market Players:
- Cubic Corporation
- IBM Corporation
- PTV Group
- Xerox Corporation
- SAP AG
- Space - Time Insight
- Predikto Inc.
- Cyient - Insights
- Tiger Analytics Inc.
- T - Systems International GmbH
Objectives of Transportation Predictive Analytics And Simulation Market Report are as follows:
- To provide overview of the global Transportation Predictive Analytics And Simulation market
• To analyze and forecast the global Transportation Predictive Analytics And Simulation market on the basis of components, application, size and technology
• To provide market size and forecast till 2025 for overall Transportation Predictive Analytics And Simulation market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South America (SAM), which are later sub-segmented across respective major countries
• To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend
• To provide exhaustive PEST analysis for all five regions
• To profiles key Transportation Predictive Analytics And Simulation players influencing the market along with their SWOT analysis and market strategies
Complete Report is Available at www.reportsweb.com/transportation-…n-market
Category: Market Research Publishers and RetailersCompany profile: ReportsWeb is a one-stop shop for market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research papers and solutions from various publishers. The market research industry has changed in last decade. As the corporate focus has shifted to niche markets and emerging countries, some publishers have stepped in to fulfill these information needs. We have experienced and ...
For more information: