Transportation Performance Management Solutions Market

Transportation Performance Management
Solutions Market – Top players are Cognizant
Technology Solutions Corporation, Socrata
Inc., Federal Highway Administratio
Transportation performance management (TPM) is a data-driven
methodology. Transportation performance management solutions
focus on performance of vehicles for safe or reliable journeys.
Transportation performance management uses system information to
make policy decisions and investments to achieve performance
objectives. It is used for providing information to decision makers
through which they can understand the consequences of investment
decisions in transportation. Transportation performance management
solutions improve the communication between the traveling public,
decision-makers, and stakeholders. The transportation performance
management solution uses the geographic information systems (GIS)
application for finding the geographic location.
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Transportation performance management solutions perform cost
assessments for optimizing logistics spends. The goal of transportation
performance management solutions is to provide safety in order to
achieve major reduction in serious injuries on public roads and traffic
fatalities, attain considerable decrease in congestion on the National
Highway System (NHS), and to improve the efficiency of the surface
transportation system. It also promotes jobs and economic growth, and
reduces project costs and delays in project development and project
delivery process, including reduction in regulatory burdens and
improvement in agencies’ work practices.
The global transportation performance management solutions market
is primarily driven by rise in demand for continuous monitoring of the
performance of transportation programs in order to determine regional
goals and objectives related to transportation. A rising number of
transportation agencies is emphasizing on adopting cloud technology
for providing better services to passengers and clients. Transportation
performance management solutions provide transportation agencies a
better ability to mitigate and identify issues associated with their
corresponding transportation networks and help them increase
communication between partner agencies through data information.
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This is another major factor boosting the demand for transportation
performance management solutions globally. However, factors such as
lack of adequate funds and shortage of skilled personnel are restraining
the growth of the transportation performance management solutions
market. In the transportation sector, even a minute human error can
lead to irreparable loss. Thus, the need to eliminate human errors is
anticipated to create growth opportunities for the transportation
performance management solutions market in the next few years.
The global transportation performance management solutions market
can be segmented based on component, enterprise size, application,
end-user, and region. Based on component, the transportation
performance management solutions market can be classified into
solutions and services. In terms of enterprise size, the transportation
performance management solutions market can be divided into small
and medium enterprises and large enterprises. Based on application,
the market can be divided into electrical and electronics, industrial,
geographic information systems, and others. In terms of end-user, the
market can be segregated into travel agencies, transportation and
logistics, manufacturing, and retail.

Transportation Performance Management Solutions Market – Top players are Cognizant Technology Solutions Corporation, Socrata Inc., Federal Highway Administratio