July 14, 2020

Global Vehicle Analytics System Market is projected to expand with a 24 % CAGR while achieving USD 4.3 Billion in earnings by the year 2023

Vehicle Analytics Market Overview:

The proliferation of mobile communication devices is expected to bolster the vehicle analytics market. Reports that explore the automobile industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is geared to achieve USD 4.3 Billion by 2023 while expanding at 24 % of CAGR roughly in the forecast period.

The demand for complete infotainment solutions is driving the vehicle analytics market. The increased adoption of cloud technologies is anticipated to propel the vehicle analytics market in the coming years. The development of a huge manufacturing base is expected to further raise the development pace of the vehicle analytics market in the upcoming forecast period.

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Vehicle Analytics Market Competitive Analysis

The decrease in the barriers to trade is anticipated to extend innovative areas for development in the forthcoming years. Also, the competition being noticed in the market is not unfavorable to the distinct player’s progress in the market. The market is well equipped to navigate the shifting tides, abrupt upheavals, and unexplored waters in the global economy. The fiscal inflows in the market are being focused towards growing the inventions in the central product offering presented in the market so that the development doesn’t go off in the approaching period. The motive of properly bolstering the global economy is being driven through the development of this market as well. The global administrations have also contributed substantially towards the development of the market in current years. The rise of sponsors in the market has put on an essential role in the advancement of the market. The market has obtained an incremental stride in the past few years, which is emphasized by the accomplishments in terms of valuation. The expansion of the resources required to withstand against competition has enhanced significantly leading to a record progress rate.

The well-known 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.), Inseego (U.S.), Agnik LLC (U.S.), Inquiron (U.S.), Teletrac Navman (U.S.), Automotive Rentals (ARI) (U.S.) among others.

Global Vehicle Analytics Market Segmental Analysis:

The segmental investigation of the vehicle analytics market is carried out on the basis of professional services, deployment, component, application, and end-users. On the basis of component, the market for vehicle analytics is segmented into the software and services segment. The segmentation of the professional services-based in the vehicle analytics market comprises of consulting services, deployment, support & maintenance, managed services, and integration. The segmentation of the vehicle analytics market based on deployment consists of on-premise and on-demand segment. On the basis of application, the vehicle analytics market comprises of usage-based insurance, warranty analytics, predictive maintenance, traffic management, infotainment, safety & security management, road charging, dealer performance analysis, driver & user behavior analysis. On the basis of end-users, the vehicle analytics market comprises of travel & hospitality, automotive dealers, service providers, insurers, fleet owners, and others. Based on the regions, the vehicle analytics market includes Asia Pacific, North America, Europe and Rest of the World.

Vehicle Analytics Market Detailed Regional Analysis

The regional examination of the vehicle analytics market covers regions such as Asia Pacific, North America, Europe, and Rest of the World. As per the analysis, it has been detected that the North American region is assessed to account for the principal share of the market, while the Asia Pacific region is anticipated to intensify at the fastest rate through the forecast period. The key growth in the vehicle analytics market in the North American region is accredited to technical progress and growing use of tablets, mobile devices, and smartphones in that region.

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TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

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

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

3.5 MARKET RESTRAINTS

4 EXECUTIVE SUMMARY

  1. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 VEHICLE ANALYTICS MARKET, BY SEGMENTS

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY COMPONENT

6.2.1.1 SOFTWARE

6.2.1.2 SERVICES

6.2.1.2.1 PROFESSIONAL SERVICES

6.2.1.2.1.1 DEPLOYMENT & INTEGRATION

6.2.1.2.1.2 SUPPORT & MAINTENANCE

6.2.1.2.1.3 CONSULTING SERVICES

6.2.1.2.2 MANAGED SERVICES

6.2.2 BY DEPLOYMENT

6.2.2.1 ON DEMAND

6.2.2.2 ON PREMISE

6.2.3 BY APPLICATION

6.2.3.1 PREDICTIVE MAINTENANCE

6.2.3.2 TRAFFIC MANAGEMENT

6.2.3.3 WARRANTY ANALYTICS

6.2.3.4 INFOTAINMENT

6.2.3.5 USAGE BASED INSURANCE

6.2.3.6 ROAD CHARGING

6.2.3.7 DEALER PERFORMANCE ANALYSIS

6.2.3.8 SAFETY & SECURITY MANAGEMENT

6.2.3.9 DRIVER & USER BEHAVIOR ANALYSIS

6.2.4 BY END USER

6.2.4.1 TRAVEL & HOSPITALITY

6.2.4.2 SERVICE PROVIDERS

6.2.4.3 AUTOMOTIVE DEALERS

6.2.4.4 FLEET OWNERS

6.2.4.5 INSURERS

6.2.4.6 OTHERS

6.2.5 BY REGION

6.2.5.1 NORTH AMERICA

6.2.5.2 EUROPE

6.2.5.3 ASIA-PACIFIC

6.2.5.4 REST OF THE WORLD

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