Date : November 2024
Transportation Analytics Market Size Analysis and Top Companies
The global transportation analytics market size is estimated at to hit around USD 77.47 billion by 2033 from USD 13.33 billion in 2024 with a CAGR of 21.6% from 2024 to 2033. The top companies operating in the transportation analytics market are Cubic Corporation, IBM Corporation, Oracle Corporation, SisenseInc., CellintCorporation, Inrix Corporation, Hitachi Ltd., AlteryxInc., OmnitracsLLC, SmartDrive Systems Inc. and Others.
Report Coverage | Details |
Market Size in 2024 | USD 13.33 Billion |
Market Size by 2034 | USD 94.21 Billion |
Growth Rate from 2024 to 2034 | CAGR of 21.6% |
Base Year | 2023 |
Forecast Period | 2024 to 2034 |
Segments Covered | By Type, By Deployment Mode and By Application |
Regions Covered | North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Strategic mergers, partnerships, and acquisitions will likely be the most efficient means for business players to expand their technology capabilities and access growing markets quickly. Product innovation and differentiation will likely open up new business opportunities. Additionally, there will be potential rivalry due to the growing startup scene and transport analytics startups like Populus.ai, TERAKI, Conduent, Sixgill, Motion tag, Urbanlogiq, Immense simulations, IoTium, Emu Analytics, Cyberowl, and B-Line Transportation, among others.
GRIDSMART Technologies Inc., a manufacturer of video tracking technologies for the market of intelligent traffic systems, was bought by Cubic in January 2019. Utilizing computer vision modeling and machine learning, GRIDSMART Technologies Inc. is an expert in video detection at traffic crossings, which will expand Cubic Corporation's product line and clientele. Similar to this, in January 2020, Sisense and Periscope Data combined. As a result, Sisense for cloud data teams is now marketed and sold. For its clients, the two businesses' combination will help create a standalone, integrated, end-to-end data analytics platform. The following are a few of the leading companies in the transportation analytics market:
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