Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Vehicle Analytics Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Vehicle Analytics Market over the short as well as long period of time. A
detailed presentation of forecast, trends, and dollar values of international Vehicle
Analytics Market is offered.
Market
Insights:
In accordance with the report, the Vehicle Analytics
Market is projected to expand at a CAGR of 24.9% over the period
of forecast. The global Vehicle
Analytics Market was valued at USD XX.X Mn in 2019 and is expected to reach USD
XX.X Mn in 2031, growing with a significant CAGR rate during the forecast
period. Due to the growing number of applications for automotive analytics,
major corporations like IBM Corporation and Microsoft Corporation are investing
in the field. One significant element driving the growth of the automotive
analytics market is the rising use of smartphones and other mobile
communication devices. To provide comprehensive infotainment solutions for
original equipment manufacturers and other fleet service providers, IBM
Corporation and Panasonic Corporation have established a cognitive infotainment
platform. Cloud technology will be used to power these infotainment systems in
order to give scalability and agility. The North American region dominates the
global market for vehicle analytics, followed by Europe and Asia Pacific. Due
to the rising use of cutting-edge technologies like artificial intelligence,
machine learning, and predictive maintenance to apply real-time data analysis
in the region, the expansion in North America is mostly driven by the United
States and Canada. It utilises the information gathered by sensors and GPS
tracking devices. Additionally, the area has a solid infrastructure that makes
it simple to apply cutting-edge technologies. However, during the projected
period, the Asia Pacific area is anticipated to increase at the fastest rate.
Research
Methodology:
To compile
the detailed study of the global Vehicle
Analytics Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Vehicle Analytics Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for segmenting
and estimating quantitative aspects of the market. Our research methodology
implements a mix of primary as well as secondary research. Our projects are
initiated with secondary research, where we refer to a variety of sources
including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Vehicle Analytics Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Vehicle Analytics Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Vehicle Analytics Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Vehicle Analytics Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Vehicle
Analytics Market, By Component, 2022-2031 (USD Million)
·
Software
Services
·
Professional
Services
·
Deployment
& Integration
·
Support &
Maintenance
·
Consulting
Services
Vehicle
Analytics Market, By Deployment, 2022-2031 (USD Million)
·
On Demand
·
On Premise
Vehicle
Analytics Market, By Application, 2022-2031 (USD Million)
·
Predictive
Maintenance
·
Traffic
Management
·
Warranty
Analytics
·
Infotainment
·
Usage Based
Insurance
·
Road Charging
·
Dealer
Performance Analysis
·
Safety &
Security Management
·
Driver &
User Behavior Analysis
Vehicle
Analytics Market, By End User, 2022-2031 (USD Million)
·
Travel &
Hospitality
·
Service
Providers
·
Automotive Dealers
·
Fleet Owners
·
Insurers
·
Others
Report
Highlights:
The prime objective of the Vehicle Analytics Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Vehicle
Analytics Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Vehicle
Analytics Market:
·
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.)
Vehicle
Analytics Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth
prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry