Future Market Insights (FMI) in its most recent report projects that the worldwide vehicle analytics market will remain at around US$ 2,370 Mn toward the finish of 2022, mirroring a better than expected CAGR. The report finds that the quick reception of vehicle analytics is part of the way attributable to interest for more prominent travel comfort, particularly from travelers in urban areas.
Additionally, the developing necessities of further developing the current vehicle structure that is attempting to deal with the steadily expanding traffic pressure is supposed to impact the development of the market over the figure period. Vehicle analytics is turning out to be very fundamental for armada proprietors or transport specialist co-ops as it helps them in working on armada the board and administration contributions, which is turn helps in making more business.
Developing worries over street security and work to decrease travel length is portraying the quick reception of vehicle analytics. Further a large number of the car organizations are moving forward speculations to foster further developed vehicle scientific instruments that can work with complex insightful necessities, including video help, armada checking, explorer information, course planning arrangement, traffic analytics and prescient analytics.
Request a Sample of this Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-5604
These feature can transform traffic management if utilized effectively. Concurrently, increasing popularity of autonomous cars is expected to propel the demand for vehicle analytics. With the help of vehicle analytics, autonomous cars likely to become for safer and pragmatic.
Modern consumers are becoming increasingly aware about automotive technologies that can effectively monitor, manage and streamline travel, which is expected to have a positive impact on the global market for vehicle analytics. Automotive companies are utilizing vehicle analytics to analyze vehicle performance, detection of component malfunctioning and prevent road collisions. Increasing demand for cars and robust infrastructural development in emerging countries such as China, India and Brazil is also expected to support the growth of global market for vehicle analytics in the forthcoming years.
Global Market for Vehicle Analytics: Key Segment Analysis
On the basis of End-Use, the automotive OEM segment is expected to hold its top spot in 2017 and beyond. This mainly due to increasing of vehicle analytics by automotive OEMs to improve the product performance and offer cutting-edge services. Currently, the segment command for the largest revenue share of the global market. In addition, the segment is expected to reach a valuation in excess of US$ 1,100 Mn towards the end of 2022, reflecting a sound CAGR.
On the basis of application, the driver behavior analysis segment is likely to maintain its dominance over 2022. In modern cars, deriver behavior analysis can be of high importance as it can provide information on driver’s concentration levels, driving capabilities and driving skills. Moreover, deriver behavior analysis can also help address the issues of distracted driving. The driver behaviour analysis segment currently commands for a significant share of the market share of the in terms of revenues and is expected to remain highly attractive during the forecast period.
Among regions, the market in North America will continue to the largest over 2022. The region is expected present lucrative growth opportunities for market participants in the near future. Meanwhile, Revenue from Europe vehicle analytics market is projected to witness a CAGR of 16.1% and surpass a valuation of US$ 600 Mn by 2022-end.
Request Customization @
https://www.futuremarketinsights.com/customization-available/rep-gb-5604
Global Vehicle Analytics Market: Key Players
SAP SE, Genetec Inc., INQUIRON LTD, SAS Institute Inc., Acerta Systems Analytics Inc., Automotive Rentals, Inc., Microsoft Corp., IBM Corporation, Agnik Llc, and Amodo Ltd. are the leading market participants profiled in FMI’s report. A majority of these companies are actively focusing on improving their service offerings to cater to specific requirements of their customers.
Market Segmentation
Region:
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Component:
- Vehicle Analytics Software Platform
- Professional & Consulting Services
- Managed Services
End-User:
- Automotive OEM
- Government
- Insurance Provider
- Fleet Owner
- Others
Application:
- Driver Behavior Analysis
- Traffic Management
- Fleet Behavior Analysis
- Predictive Maintenance
- Location Based Services
- Infotainment
- Other Applications
Ask An Analyst @
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5604
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 5-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs