Vehicle Analytics Market, By Component (Software, Services), By Deployment (On Premise, On Demand), By Application (Predictive Maintenance, Traffic Management, Infotainment) and By End Use and by Regions with Forecast To 2023, published by Market Research Future, the Global Vehicle Analytics Market To Gain USD 4.3 Billion in Revenues Over the Forecast Period.
Vehicle Analytics Market Key Players:
The prominent players in vehicle analytics market are – SAP SE (Germany), Genetec (Canada), Microsoft Corporation (U.S.), IBM Corporation (U.S.), CloudMade (Ukraine), Intelligent Mechatronic Systems (Canada), Harman International Industries, Inc. (U.S.), Teletrac Navman (U.S.), Inseego (U.S.), Agnik LLC (U.S.), Inquiron (U.S.), Automotive Rentals (ARI) (U.S.) among others.
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Vehicle Analytics Market Drivers and Restraints:
As per Market Research Future (MRFR)’s assessment, the global vehicle analytics market is expected to thrive at a CAGR of 24% during the forecast period 2017 to 2023. The global market is anticipated to scale valuation of USD 4.3 Bn towards the close of the assessment period. The data generated by vehicles are used for numerous purposes such as insurance, maintenance, security, etc. Thus, the integration of artificial intelligence algorithms into the automotive industry is expected to boost the growth pattern of the vehicle analytics market.
Automotive technology is undergoing constant evolutions, and vehicle analytics is one of the latest trends anticipated to gain traction in the years to come. Industry leaders are harnessing massive data produced by vehicles and analyzing it for providing enhanced aftermarket services to the customers. This, in turn, is likely to catapult the vehicle analytics market on an upward trajectory. Also, the increasing demand for high-end vehicles is anticipated to favor the expansion of the market across the review period.
Global Vehicle Analytics Market Segments Analysis:
By component, the global vehicle analytics market has been segmented into software and services. The services segment is sub-segmented into professional services and managed services.
By deployment, the vehicle analytics market has been segmented into on premise and on demand.
By application, the global vehicle analytics market has been segmented into predictive maintenance, traffic management, infotainment, warranty analytics, usage based insurance, road charging, dealer performance analysis, safety & security management, and driver & user behavior analysis.
By end-user, the vehicle analytics market has been segmented into travel & hospitality, service providers, automotive dealers, fleet owners, insurers, and others.
Global Vehicle Analytics Market Regional Analysis:
By region, the global vehicle analytics market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America holds the most significant market share in the global marketplace and houses a technologically advanced infrastructure for supporting market growth. The technical brilliance of the region is poised to drive the expansion of the vehicle analytics market in the region over the assessment period.
Asia Pacific has been expected to exhibit the highest CAGR across the projection period. Thriving automotive industry in conjunction with increasing demand for automobiles is likely to catalyze the growth pace of the vehicle analytics market in the region.
In April 2019, ICICI Bank Limited, an Indian multinational banking, and financial services company, is leveraging upon data analytics for the launch of insta car and two-wheeler loans.
In April 2019, J.D. Power, a global marketing information services company, has partnered with Chicago-based artificial intelligence and IoT software company, Uptake Technologies, for boosting connected device analytics.
In November 2018, Avis Budget Group, American giant dealing in vehicle rental, is set to deploy Amazon Web Services’ Connected Vehicle Solution for the development of a cutting edge data analytics platform.
The report for Global Vehicle Analytics Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5.MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
List Of Tables:
TABLE 1 MARKET SYNOPSIS
TABLE 2 LIST OF ASSUMPTIONS
TABLE 3 MAJOR PREMIUM HIGH-END PASSENGER VEHICLE MODELS EQUIPPED WITH AIR SUSPENSION:
TABLE 4 DRIVER IMPACT ANALYSIS: GLOBAL VEHICLE ANALYTICS MARKET
TABLE 5 RESTRAINT IMPACT ANALYSIS: GLOBAL VEHICLE ANALYTICS MARKET
TABLE 6 EV SALES IN 2030, PROJECTED BY VEHICLE MANUFACTURER
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