Transportation Predictive Analytics And Simulation Market, By Component (Software and Services), By Simulation Method (Microscopic, Macroscopic, and Mesoscopic), By Development Method (On-Premise and Cloud-based), By Component of Transport (Railways, Roadways, Airways, and Seaways), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : Jun 2023

Code : CMI3180

Pages :130

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market News

Global Transportation Predictive Analytics And Simulation Market: Key Developments

In 2020, IBM, a technology company, launched the IBM Sterling Supply Chain Suite which incorporates predictive analytics capabilities. The suite enables businesses to optimize their supply chain operations, enhance visibility, and predict disruptions, thereby improving transportation planning and logistics management.
In 2021, Siemens Mobility, a railway company, launched its predictive maintenance system for rail infrastructure. This solution combines predictive analytics and simulation to monitor the condition of railway assets, predict maintenance needs, and optimize maintenance schedules, resulting in increased availability and reliability of transportation systems.
In 2021, Cubic Transportation Systems, a subsidiary of Cubic Corporation, unveiled its "NextTraffic" platform. This platform utilizes predictive analytics and simulation algorithms to optimize traffic signal timings and improve the flow of vehicles. It leverages real-time data from connected vehicles and other sources to dynamically adjust signal timings and reduce congestion on road networks.
In 2021, PTV Group launched its "Optima" platform, which combines predictive analytics and simulation capabilities to optimize traffic management and transportation operations. The platform uses advanced algorithms to forecast traffic conditions, identify potential bottlenecks, and recommend optimal strategies for traffic management, leading to improved efficiency and reduced congestion.