Vehicle Analytics Market Size to grow at CAGR of 26.5% with Leading Companies - Genetec ,Microsoft Corporation ,Inquiron ,Automotive Rentals, SAP SE , CloudMade, IBM Corporation ,Harman International Industries, Inc.

Vehicle analytics market Size and Growth Rate:

Vehicle analytics market is promised to have a steady pace throughout the forecast period and is elevated to reach USD 3.6 billion by 2022 and to grow at a CAGR of 26.5%.

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Vehicle analytics deals with the complete details of the vehicle which undergo various researches on every particular vehicle which is launched in the market. The analytics focus on the data and information of the vehicle and gives the real time data information for the end users. Also it plays major role in reducing the traffic problems as they are capable in traffic management. Vehicle analytics establishes the contact between the users and also the transport providers in which this helps to rise in the integration of the vehicles in the automobile industry.

Vehicle analytics market Growth Drivers and Restraints:

The rapid growth in the population and growing prevalence for the transportation is majorly driving the growth of the market. The increase in the disposable income especially in both developed and developing countries is bolstering the demand for the vehicle analytics market.
However, the fluctuations in the availability of raw materials eventually raise the price of the final products which impact directly on the vehicle analytics market to have declined growth. The lack of well trained people to analyze the accurate data is considerably hampering the growth of the market.
Emerging of advanced technology and also coupling with the software, the vertical analytics market is solely to have the growth opportunities in the future period. The increased investments in the automobile industries by the government are also outshining the growth of the vehicle analytics market.

Geographical Insights of the Vehicle analytics market:

Regionally, the vehicle analytics market is segmented into North America, Asia Pacific, Europe, Middle East and Africa. North America is accounted to lead the dominant shares of the market. By owing to quick adoption of the changes in the technology and also launching different analytics which enhances the safety and security for the drivers and passengers is mainly accelerating the growth of the market in this region. Asia Pacific is following North America in holding the largest shares of the market by increase support from the government and also significant growth in the scale of the automobile industries across the region. Europe and Middle East & Africa are expected to have inclined growth in the foreseen years.

Key Players of the Vehicle analytics market:

The key players in the vertical analytics market are Genetec (Canada), Microsoft Corporation (U.S.), Inquiron (U.S.), Automotive Rentals (ARI) (U.S.), SAP SE (Germany), CloudMade (Ukraine), IBM Corporation (U.S.), Harman International Industries, Inc. (U.S.), Teletrac Navman (U.S.), Inseego (U.S.), Intelligent Mechatronic Systems (Canada) and Agnik LLC (U.S.).

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Vehicle Analytics Market – Key Segmentation:

By Component:

• Software
• Services

By Deployment Model:

• On-Premises
• On-Demand

By End-user:

• Original Equipment Manufacturers
• Service Providers
• Automotive Dealers
• Fleet Owners
• Regulatory Bodies
• Insurers

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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