Global Vehicle Analytics Market Set to Exhibit a CAGR of 15.5% During the Forecast Period (2017-2022)
Greater travel convenience, especially within urban settlements has been instrumental in boosting the adoption of advanced vehicular technologies including vehicle analytics. Moreover, growing need for more effective transport service technologies that can address traffic and rout mapping issues is creating broader scope of application of vehicle analytics. Transport service providers are aiming to leverage vehicle analytics for fleet management, service enhancement and business expansion. A recent report published by Market Research Reports Search Engine (MRRSE) reveals that the global vehicle analytics market is set to exhibit a CAGR of 15.5% during the forecast period (2017-2022). Rising concerns over traffic congestion, safety and travel duration is expected to reflect favorably on The Global Vehicle Analytic Market in the forthcoming years. Also, infrastructural development and rapid urbanization are some of the other additional factors likely to drive the adoption of vehicle analytics.Try Sample Report @ https://www.mrrse.com/sample/4166
Growing demand for smoother mobility and improving transportation system in emerging countries such as Brazil, China and India is expected to create new business opportunities or market player during the forecast period. At the same time, rising vehicle parc across the globe is making vehicle analytics highly significant. Importance of vehicle analytics is also likely to increase due to greater need for fleet monitoring, automation and mobility management. Integration of advanced vehicular technology is allowing transport service providers to improve operational efficiency, deliver better customer service as well as achieve sustainability. Vehicle analytics facilitates advanced analytics and aids in streamlining various operational procedures. The focus is now shifting towards incorporating machine learning, predictive analysis and artificial intelligence (AI) in vehicle and transport technology. The above mentioned factors are anticipated to further propel the popularity of vehicle analytics over the next couple of years.
On the basis of component, the vehicle analytics software platform is expected to remain highly lucrative over the assessment period. Vehicle analytics software platforms are being increasingly utilized by automotive companies and transport service providers to improve their product and services offerings. The vehicle analytics software platforms segment is anticipated to account for more than 64% share of the market by 2022 end, reflecting an impressive CAGR of 17.6%.
Automotive OEM are using vehicle analytics in order to enhance their product efficiency, making them more relevant to the current requirements. In terms of revenue, the automotive OEM end-user segment currently makes the highest contribution to the global vehicle analytics market. Towards the end of 2022, market is estimated to gain over US$ 1,100 Mn from the automotive OEM segment.
Download Complete Report With TOC @ https://www.mrrse.com/vehicle-analytics-report
Increasing incidences of road mishaps and concerns over distracted driving is creating opportunities of greater application of vehicle analytics in driver behaviour analysis. By the end of 2017, driver behaviour analysis application segment is expected to command for one-fourth revenue share of the global market.
Among regions, North America is expected to retain its dominant position over the projection period, exhibiting an above average growth rate. In terms of revenue, the region’s market will remain highly lucrative in 2017 and beyond. This is primarily attribute to factors such as presence of leading market players and existence of an established automotive industry in North America.
Leading companies functioning in the global vehicle analytics market include Genetec Inc., Microsoft Corp., INQUIRON LTD, IBM Corporation, SAS Institute Inc., Agnik Llc, Acerta Systems Analytics Inc., Amodo Ltd., Automotive Rentals, Inc., and SAP SE. Many of these companies are concentrating on innovation and further development of technology in order to meet the current and future market requirements.
Enquire about this Report @ https://www.mrrse.com/enquiry/4166
About Market Research Reports Search Engine
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY – 12207(United State)
United States Telephone: +1-518-730-0559(toll free no)
Email: sales@mrrse.com
Website: https://www.mrrse.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Vehicle Analytics Market Set to Exhibit a CAGR of 15.5% During the Forecast Period (2017-2022) here
News-ID: 1080382 • Views: …
More Releases from Market Research Reports Search Engine - MRRSE
Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
To Get Sample Report @ https://www.mrrse.com/sample/2941
The global video event data recorder (VEDR)…
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Get Sample Report with More Info @ https://www.mrrse.com/sample/16143
Packaging solutions for bulk cargo are gaining fast…
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Click here – Request Sample Report @ https://www.mrrse.com/sample/3126
Application of ion beam was rarely found…
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.…
More Releases for Vehicle
Connected Car Devices Industry Forecast to 2028 Global Market Analysis by Commun …
Connected car devices assist in monitoring vehicles and drivers. These devices update owners and fleet managers about the emissions, vehicle performance, vehicle maintenance, on-board diagnostics (OBD), pertaining to fuel economy index, etc. Also, it provides GPS tracking and real-time alerts. Increasing concerns and awareness regarding safety and high demand for advanced system and safety features in vehicles are driving the growth of the connected car devices market.
Sample PDF showcases the…
Steering Tie Rod Market Vehicle (Passenger car, Commercial vehicle, and Heavy-du …
A steering tie rod is an integral part of the steering mechanism in an automobile as it is a lean structural bar or rod which is used as a tie and it is capable of carrying only ductile loads. The rod tends to transmit a force from the rack gear to the steering knuckle, which enables the wheel to turn while the vehicle is moving. This tie rod comprises two…
Offshore AUV & ROV Market by ROV, High Capacity Electric Vehicle, Small Vehicle, …
This study report Global Offshore AUV & ROV Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes…
Automotive ABS and ESC Market Report 2018: Segmentation by Product (Three Channe …
Global Automotive ABS and ESC market research report provides company profile for Robert Bosch, TRW, Machino, Haldex, Aisin Seiki, Hitachi, Autoliv, Contenental, Delphi, Denso and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The…
Vehicle to Vehicle (V2V)/Vehicle to Infrastructure (V2I) Market expected to grow …
The V2V/V2I market has penetration into different technologies such as smart sensors, big data analytics and cloud computing. The smart sensors manage and control traffic on the roads by offering the drivers and passengers a plethora of advanced transport services aimed at improving driving efficiency and safety. Big data analytics aids the companies in understanding the user requirements and expectations thus bringing about relevant changes in the automotive developments. Vehicular…
Wheelchair Accessible Vehicle Market : by Vehicle Type - Large Size Vehicle, Med …
Researchmoz added Most up-to-date research on "2017 Global Wheelchair accessible vehicles Industry Report" to its huge collection of research reports.
This report is an essential reference for those who look for detailed information on global Wheelchair accessible vehicles market. The report covers data on national, regional, and global markets including historical and future trends for supply, demand, prices, trading, competition as well as global major vendors' information.
In addition…