The Latin America, Middle East and Africa Transportation Analytics Market would witness market growth of 22.1% CAGR during the forecast period (2022-2028).
Transportation analytics quickly power information and insights on mobility, which alters transportation planning by making the gathering of critical data and an understanding of it more accessible, quicker, less expensive, and safer. Transportation analytics is becoming an increasingly popular tool for cities, transportation departments, transit agencies, and other organizations to use in order to overcome issues, prioritize investments, and win support from stakeholders.
Transportation choice is one of the few activities in the supply chain that has a significant influence on a company's bottom line. The use of delivery strategies guarantees that all shipments to and from the company go without a hitch and arrive promptly at their destinations.
Because transportation is so important to the operation of the firm, including it in the strategy for managing the supply chain is an absolute must. Due to the significance of the role it plays, logistics experts consider transportation to be one of the three most important aspects of supply chain management.
In point of fact, Abu Dhabi is one of the leading producers of energy in the world. If you want to take part in the growth of this industry, there are many different business opportunities open to you. The oil and gas companies in the United Arab Emirates have a diverse range of needs, including equipment, logistics, oil rigs, transportation, and other things. In addition, the countries that make up this area are progressively making the transition to economic development as well as the use of cutting-edge technology for the real-time management of transportation-related operations, such as fleet management and others. As a result of this, analysts believe that the market for transportation analytics will have opportunities for development in the years to come.
The Brazil market dominated the LAMEA Transportation Analytics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $654.1 Million by 2028. The Argentina market is experiencing a CAGR of 22.7% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 21.8% during (2022 - 2028).
Based on Application, the market is segmented into Traffic & Incident Management, Traffic Planning & Maintenance, Logistics Management, and Others. Based on Deployment Mode, the market is segmented into On-premise, Cloud, and Hybrid. Based on Type, the market is segmented into Descriptive, Prescriptive, and Predictive. Based on Component, the market is segmented into Solution and Services. Based on Mode of Transport, the market is segmented into Roadways, Railways, Airways, and Waterways. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Transportation Analytics Market is Predict to reach $37.4 Billion by 2028, at a CAGR of 18.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, INRIX, Inc., Indra Sistemas, S.A., Cubic Corporation (Veritas Capital Fund Management, LLC), TomTom N.V., Siemens AG, Alteryx, Inc., Kapsch TrafficCom AG (Datax Handelsgmbh), Trimble, Inc., and Cellint Traffic Solutions Ltd.
By Application
By Deployment Mode
By Type
By Component
By Mode of Transport
By Country
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