From GlobeNewswire: 2024-05-23 07:45:00

The transportation analytics market is projected to surpass $53.4 billion by 2032, with the rise of electric vehicles being a key factor. Global EV sales are expected to reach 40 million by 2023. Analytics solutions are vital for integrating EVs into existing transport systems, optimizing charging infrastructure, and enhancing operational efficiency.

Transportation analytics services, including consulting and managed services, will play a crucial role in the market’s growth. On-premises deployment is expected to gain significant market share by 2032, offering enhanced security and better infrastructure management. The Asia Pacific region is poised for substantial growth, driven by urbanization and advanced technology adoption in countries like China, India, and Japan.

Key companies like IBM, SAP, and Oracle are focusing on innovation, partnerships, and acquisitions to drive growth in the transportation analytics market. Strategic collaborations, acquisitions, and continuous product development are key strategies to expand their market presence. Oracle’s recent updates to its Fusion Cloud Supply Chain and Manufacturing suite aim to streamline logistics operations and improve efficiency with updated logistics network modeling features.

A research report by Global Market Insights Inc. outlines the transportation analytics market’s growth potential, trends, and regional insights. Key chapters include an executive summary, industry insights, profit margins, and a regulatory landscape analysis. The report covers industry ecosystem analysis, supplier landscape, technological innovation, and key news and initiatives impacting the market’s trajectory. Strategic analysis tools like Porter’s and PESTEL are also used to guide decision-making.



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