Press release
Asia Pacific Is Expected to Lead the Vehicle Analytics Market in Terms of Market Share in 2017-2025
Transportation businesses have been crucial to the growth of economies and efficient transportation and related road and automobile infrastructural developments been a hotbed for innovation for long now. While transportation services have innovated in the recent years, they have spread far and wide with availability of road infrastructure giving rise to problems of connectivity and lack of real time updates for the provider.
Vehicle Analytics is the study of vehicle behavior and characteristics via inputs from sensors affixed on-board vehicle, allowing users to have a better control of the vehicle and the fleet as a whole by identifying suspicious behavior and identifying the vehicle health to avoid breakdowns. Vehicle Analytics can also help users gain insight on vehicle health and driving habits. Granular level analysis of vehicle behavior and driver behavior in real time is useful to numerous industry players such as automobile manufacturers, insurance providers and car dealerships and vehicle analytics solutions are thus being developed by numerous providers currently.
Vehicle Analytics Market: Drivers & Challenges
Numerous companies including Google, Uber and Tesla are working on Autonomous cars which will use countless data points to eliminate human effort in the task of driving. These cars while still in research phase will be a prominent user of Vehicle Analytics. Vehicle Analytics will also gain considerably from the developments underway in IoT and Smart Cities as Vehicle Analytics platforms will have more data to generate insights from in conjunction with the surrounding environment that can interact better with a car. However, Automobile industry has gone through remarkable changes in the recent decade and cars have improved in a lot of areas making them more durable than ever. This is impeding the growth sale of new vehicles in turn resulting in lower addressable market for Vehicle Analytics platforms.
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Vehicle Analytics Market: Segmentation
Segmentation of Vehicle Analytics Market, By Component
Vehicle Analytics Software Platform:
Software Platforms are implemented at the end-point as well as the central control point and are responsible for the overall control of the system.
Professional & Consulting Services
Managed Services
Vehicle Analytics Market: Regional Overview
Asia Pacific is expected to lead the Vehicle Analytics market in terms of market share. The growth of Vehicle Analytics market in Asia Pacific will be fuelled by the development in Smart Cities, Iot and other smart technologies. Moreover the region is also witnessing a substantial growth in average income levels and many local and international cab aggregators have developed in the region.
Vehicle Analytics Market: Competitive Landscape
Key Contracts/Agreement/Acquisitions
In October 2017 Azuga, a provider of connected vehicle and fleet technologies partnered with Azuga to implement a Vehicle Analytics solution into over 300 vehicles to improve fleet safety management and encourage safe driving behaviors.
Key Players
The major players in Vehicle Analytics market include Genetec, Inc., Microsoft Corporation, Inquiron, Azuga, SAS Institute, Harman International, IBM Corporation, SAP, Xevo, Cloudware and Rapidminer.
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The report covers exhaustive analysis on:
Vehicle Analytics Market Segments
Historical Actual Market Size, 2012 – 2014
Vehicle Analytics Market Size & Forecast 2015 to 2025
Supply & Demand Value Chain
Vehicle Analytics Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Vehicle Analytics Market Drivers and Restraints
Regional analysis for Vehicle Analytics Market includes development of these systems in the following regions:
North America
US & Canada
Latin America
Brazil, Mexico, Others
Europe
Western Europe
Germany
France
U.K.
Spain
Italy
Nordic
BENELUX
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
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The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.
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