Big Data Analytics in Transportation Market Scope
Big data analytics is a process used to extract significant insights, like hidden patterns, unknown correlations, market trends, and client preferences. Big data analytics provides numerous advantages—it is often used for better decision making, preventing fallacious activities, among other things. The transportation business ensures the economical and safe transportation of individuals and goods from one place to another. The expansion of technology, like traffic sensors, electronic access, quality management, and monitoring show systems in transportation is powering analytics in this segment.
The Big Data Analytics in Transportation market study is segmented by Type (Software and Services), by Application (Highway, Railway, Water Transport, Air Transport, Pipeline and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Big Data Analytics in Transportation market throughout the predicted period.
IBM Corporation (United States), Microsoft Corporation (United States), Amazon Web Services (United States), SAP SE (Germany), Oracle Corporation (United States), Splunk Inc. (United States), Hewlett-Packard Co. (United States), Teradata Corporation (United States), Cloudera Inc. (United States) and Tableau Software, Inc (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Accenture (Ireland), Informatica (United States), Teradata (United States) and Palantir (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Big Data Analytics in Transportation market by Type, Application and Region.
On the basis of geography, the market of Big Data Analytics in Transportation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
- Adoption of Multi Modal Transportation
- Demand for Managing the Data of Transportation Industry for Enhanced Operation
- Surging Demand for the Big Data in Transportation Industry in Developed Nations for the Growing Number of Government Transportation Plans
- Lack of Skilled Labour
- Data Security Concern
- Lack of Proper Infrastructure
- Privacy Violation Related Concerns with Big Data Analysis Hindering the Big Data in Transportation Industry
- Huge Set of Data Collection and Processing
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, Service Provider and End-Use Industries
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Big Data Analytics in Transportation Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.