Big Data Analytics In Transportation Market- Growth And Its Challenges

Unravel the growth potion behind Big Data Analytics in Transportation

Big data analytics is examining big and diverse data sets in order to assist businesses in making more educated business decisions. Furthermore, the use of big data analytics in the transportation business has improved data management and predictive modeling efficiency.

• Airlines, railways, freight logistics, hospitality, and other travel and transportation business divisions have used big data analytics to manage customer records, transaction history, and pricing data for better consumer feedback.
• The market is growing due to the benefits of big data analytics, such as identifying the bottleneck in the transportation network to enable improved route planning, detecting networks with weak infrastructure, and calculating journey delay.
• However, a scarcity of qualified workers and concerns about data security are limiting its expansion. Furthermore, the market's adoption of transportation analytics by the freight transportation and fleet management sectors represents a significant growth opportunity.

The transportation big data analytics market is categorized by

• Component
• Application
• Geography

Software and services are the components examined in this paper. Customer analytics and loyalty marketing, customer and pricing optimization, predictive maintenance analysis, and other applications make up the market. It is examined in North America, Europe, Asia-Pacific, and Latin America and the Caribbean.

IBM Corporation, Microsoft Corporation, Amazon Web Services, SAP SE, Oracle Corporation, Splunk Inc., Hewlett-Packard Co., Teradata Corporation, Cloudera Inc., and Tableau are the leading competitors in the transportation big data analytics market.

Key Advantages

• To identify the prevailing market opportunities, this study examines current and upcoming industry trends and dynamics in the worldwide big data analytics in transportation market.
• Market estimations for the key market segments between 2016 and 2023 are used to conduct in-depth analysis.
• Following key product positioning and monitoring the main competitors within the market framework allows for a thorough market study.
• To determine the prevalent prospects in these geographies, a comprehensive analysis of all regions is presented.

Key Market Players

• IBM Corporation
• Microsoft Corporation
• Amazon Web Services
• Sap Se
• Oracle Corporation
• Splunk Inc.
• Hewlett-Packard Co.
• Teradata Corporation
• Cloudera Inc
• Tableau Software, Inc

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The study provides a thorough analysis of the market. It accomplishes this through in-depth qualitative insights, historical data, and credible market size predictions. The report's estimates are based on well-established research methodology and assumptions. As a result, the research study serves as a clearinghouse for analysis and data on every aspect of the industry, including but not limited to regional markets, technology, types, and applications.