Global Vehicle Analytics Market growing CAGR of 27.1% forecast by 2024: Digital Recognition Network, EngineCAL, Genetec Inc., HARMAN International, IBM, INRIX, Inseego Corp., Intelligent Mechatronic Systems, Microsoft, Noregon, Pivotal Software Inc.

Global Vehicle Analytics Market research report is prepared with detailed statistics and market research insights that results in sharp growth and thriving sustainability in the market for the businesses. Market analysis estimates the expected rise, growth or fall of the product in the specific forecast period 2024. Market definition mentioned in Global Vehicle Analytics Market report covers the market drivers which indicate the factors causing rise in the market and market restraints which indicates the factors causing fall in the market growth. Moreover, competitive analysis gives an obvious idea about the strategies used by the major competitors in the market which perks up their penetration in the market. These strategies include but are not limited to new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions. Market shares of these key players in the major areas of the globe such as Europe, North America, Asia Pacific, South America, Middle East and Africa is also studied. The Global Vehicle Analytics Market data is analysed and forecasted using well established market statistical and coherent models. Research and analysis is carried out with one step or the combination of several steps depending upon the client need and the business requirements.

Market Analysis: Global Vehicle Analytics Market

The Global Vehicle Analytics Market accounted for USD 1,051.1 million in 2016 growing at a CAGR of 27.1% during the forecast period of 2017 to 2024.
The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Major Market Competitors:

Some of the major players of the global vehicle analytics market are-Acerta Analytics Solutions, Agnik LLC, Amodo, Automotive Rentals (ARI), Azuga, C-4 Analytics, LLC, CloudMade, Digital Recognition Network, EngineCAL, Genetec Inc., HARMAN International, IBM, Inquiron, INRIX, Inseego Corp., Intelligent Mechatronic Systems, Microsoft, Noregon, Pivotal Software, Inc., Plotly, Procon Analytics, SAP, Teletrac Navman, WEX Inc., Xevo Inc., and others.

Market Definition:

Obtaining accurate performance data from the vehicle is the greatest challenge that an automotive manufacturer faces. Initially manufacturer had to rely on self-reported data from vehicle owner to resolve issues. Access to business critical information such as the health and situation of a vehicle/fleet of vehicles in real-time helps automotive manufacturers, suppliers, dealers and individuals make informed decisions and formulate effective responses. it has its wide application in predictive maintenance, warranty analytics, traffic management, safety and security management, driver and user behavior analysis. Advancement in technologies is the major driver in the growth of vehicle analytics market. On the other side high costing into initial set up may hamper the market.

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Major Market Drivers & Restraints:

Advancements in Technologies
Increasing Use of Real-Time Data Collected From Sensors and GPS Tracking Devices
High Costs Involved in Initial Setup
Network Coverage Limitations

Market Segmentation:

The global vehicle analytics market is segmented on the basis of component into software, services, and managed services. The service segment is further segmented into professional services. The professional services segment is sub segmented into deployment and integration, support and maintenance, and consulting services.
The global vehicle analytics market is also segmented on the basis of deployment model into-premises, on-demand.

On the basis of application, the global vehicle analytics market is further segmented into predictive maintenance, warranty analytics, traffic management, safety and security management, driver and user behavior analysis, dealer performance analysis, infotainment, usage-based insurance, road charging.

On the basis of end-user, global vehicle analytics market is further segmented into banking, financial services, and insurance, government, real estate, media and entertainment, telecom, retail and ecommerce, education, travel and hospitality, healthcare

On the basis of geography, global vehicle analytics market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

Company Share Analysis:

The report for vehicle analytics market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

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