Vehicle Analytics Market, By Component (Software, Services), By Deployment (On Premise, On Demand), By Application (Predictive Maintenance, Traffic Management, Infotainment) and By End User - Forecast 2023
Pune, India - November 12, 2018 /MarketersMedia/ —
Market Highlights:
Major Information Technology (IT) giants are investing in vehicle analytics market due to increasing number of applications for vehicle analytics. Market Research Future (MRFR) has published a research report about the global vehicle analytics market that estimates staggering growth for this market with 24% CAGR (Compound Annual Growth Rate) for this market between 2017 and 2023. In terms of cash, this market is expected to be worth the US $ 4.3 bn by the end of the forecast period.
A major factor driving the global vehicle analytics market growth is a real-time analysis of data that gets collected from sensors and global positioning system (GPS) tracking devices. Another factor responsible for market growth is technological advancement.
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Major Key Players
The key players in the global vehicle analytics market include Agnik LLC (USA), Automotive Rentals (ARI) (USA), CloudMade (Ukraine), Genetec (Canada), Harman International Industries, Inc. (the USA), IBM Corporation (USA), Intelligent Mechatronic Systems (Canada), Inseego (USA), Inquiron (USA), Microsoft Corporation (USA), SAP SE (Germany), and Teletrac Navman (USA). among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Vehicle Analytics market.
According to MRFR, the Vehicle Analytics Market is growing rapidly over 24% of CAGR and is expected to reach at approx. USD 4.3 Billion by the end of forecast period.
Latest Industry News
• According to a newly inked business deal, Avis Budget Group is set to use the Amazon Web Services’ (AWS) Connected Vehicle Solution to build a cutting-edge data analytics platform. The global car rental firm will leverage AWS’ capabilities in artificial intelligence (AI), data management and machine learning to develop a wide variety of mobility services and vehicle applications for its fleets. 2 NOV 2018
• Mack Trucks has added advanced vehicle analytics and AI from Statistical Analysis System (SAS) to its GuardDog Connect telematics solution, allowing for more effective analysis of data flowing from trucks. 31 OCT 2018
Segmentation:
The global vehicle analytics market has been segmented on the basis of application, component, end user, managed services by deployment, professional services, and lastly, region. Application-based segmentation of this market covers dealer performance analysis, driver & user behavior analysis, infotainment, predictive maintenance, road charging, safety & security management, traffic management, usage-based insurance, and warranty analytics. Segmentation by components segments the market into software and services.
Based on the end user, the market has been segmented into automotive dealers, fleet owners, insurers, service providers, travel & hospitality, and others. Managed services by deployment segment the market into on-demand deployment and on-premise deployment. On-demand deployment is customized deployment that can vary as per the requirement of client. On-premise deployment is defined as the procedure of setting up the system in the client premises which is usually a center that would track the GPS of the vehicle. On the basis of professional services, the market has been segmented into consulting services, deployment & integration, and support & maintenance.
Regional Analysis:
The regional segmentation segments the global vehicle analytics market into continents-based regional markets namely Asia Pacific, North America, Europe and rest of the world (RoW). North America has the largest market share due to technological advancement, increasing use of mobile devices, tablets, and smartphones in this region, and developed the automotive sector in this region. Many key market players are also based in North America. The biggest country-specific markets in this region are the United States of America (USA) and Canada.
After North America, Europe has maximum technological advancement as well as developed automotive sector. Many key market players are based in Europe too, especially in Germany. Other important country-specific markets in Europe are France and the United Kingdom (UK). According to the report, Asia Pacific region is expected to witness the fastest growth during the forecast period. In this region, the strongest economies with developed automotive sectors are China, India, and Japan.
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Intended Audience
• Technology Investors
• Research/Consultancy Firms
• Infrastructure Providers
• Chip designers and fabricators
• Original equipment manufacturers (OEMs)
• OEM technology solution providers
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact Info:
Name: abhishek Sawant
Organization: Market Research Future
Phone: +1 646 845 9312
For more information, please visit https://www.marketresearchfuture.com/reports/vehicle-analytics-market-4400
Source: MarketersMedia
Release ID: 439253
