Connected vehicles are the need of the hour
With an increasing focus on the Internet of Things (IoT), there has been a substantial increase in the connected vehicles across the world. Both mid-range and high-end cars are being unveiled with sensors built in. These sensors are able to enable vehicle to vehicle safety, automated driving capabilities, and vehicle data tracking related to engine diagnostics and vehicle usage. Connected cars are also able to generate information pertaining to traffic flows in real time. This information can be obtained with the help of the transportation predictive analytics and simulation market, allowing better analysis of traffic flows.
Global vehicular traffic volume increasing by leaps and bounds
The number of vehicles, particularly in developing countries, has been skyrocketing in the last few years and even transportation infrastructure has shown decent growth. Large-scale migration to urban areas has exerted enormous pressure on roadways, leading to an absence of safe public transportation, overcrowded roads, inadequate traffic management, lack of road safety measures, parking hassles and poor road conditions. Simulation software and predictive analytics for the purpose of transportation gathers data from in-built vehicle sensors and refines it to deliver meaningful analysis. Data analysis can be extremely helpful in predicting traffic flows, thereby reducing congestion and improving traffic movement and the overall road experience.
Transportation Predictive Analytics And Simulation Market: Increasing Spending on Railway Infrastructure for Optimizing Rail Networks Likely to Create Good Market Opportunities: Global Industry Analysis and Opportunity Assessment 2017-2027Buy Now
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