Latest Transportation Industry Trends 2022-2023

Transportation is amongst the most profitable industries in the world. The huge revenue potential gives birth to intense competition between transportation firms. There are many companies offering transportation services ranging from leasing to fleet management and maintenance. All businesses try to offer the best possible service to grab attention of the customers and get an edge over the competitors in the market.   With its evolution, transportation has experienced many new trends. In this blog, we will discuss the latest trends in the transportation industry that are shaping its outlook.
Cloud-Based Solutions:
The current era of the transportation industry revolves around cloud-based systems. Modern cloud-based platforms are based on the Software-as-a-Service (SaaS) model which provides companies the leverage they need for scalability. It enables innovative usage of digital resources and helps companies to get better profitability by preventing expenditure on on-premise servers.
Mobility-as-a-Service (MaaS):
With the need for convenient transportation for people globally, the concept of Mobility-as –a-service (MaaS) has become popular. It allows a person to avail transportation services through a fully automated mechanism. From booking a ride to paying for service and giving feedback, everything can be done through an app. The latest ride-hailing solutions like Uber are based on the MaaS model.   In the modern day and age, convenience and time efficiency is the highest priority of a customer. The MaaS solutions promote ticketless travel and enable people to reach their destination faster without any stoppage.
Self-Driving Vehicles:
Over the years, many innovations have taken place in the transportation industry and autonomous vehicles are one of them. Although perfecting the self-driving functionality in commercial fleets can take a while, it has already solved many driving difficulties. Features like lane assist and adaptive cruise control are available in most modern vehicles to ensure safety. Similarly, route navigation and traffic indicators are also getting common amongst commercial fleets.   Due to the growing advancements in Artificial Intelligence (AI), drivers can get a heads-up regarding the blockage or traffic jams on the road. It allows them to anticipate obstacles and select the route accordingly. With the introduction of 5G technology, all these driver-assistance features will become more effective.  
Prioritize Security Features:
Nowadays security is the main priority of commercial fleets. Regardless of their scale, companies deploy different security mechanisms to prevent any mishap. Features like Anti-GPS, alarm systems, driver behavior monitoring, etc. are widely used in fleet operations. Modern fleet management systems also come with real-time security alerts in case of any emergency. They enable managers to focus on the core operational tasks without worrying about security concerns.
Use of Blockchain Technology:
Blockchain technology is a new sensation in the world of information technology. It is one of the most transformative trends in the transportation industry shaping the scope of mobility. With blockchain technology, transparency can be ensured in the performance records and financial data. All the stakeholders can have a ledger of the financial data to prevent any tampering.   The transportation industry is evolving with the introduction of innovations. The above-mentioned transportation industry trends are the most prevalent ones that will define its future scope.