Vehicle Analytics Market to Witness Huge Growth by 2027 | Microsoft, IBM, IMS, Inseego Corp, SAP SE, CloudMade

The research and analysis conducted in Vehicle Analytics Report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Vehicle Analytics industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Vehicle Analytics Market report is provided that covers many work areas.

Market expectations for likely development openings have been mentioned clearly in this world class Vehicle Analytics Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Vehicle Analytics Market report.

Global vehicle analytics market is set to witness a healthy CAGR of 24.04% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market can be attributed due to upgradation and advancement in the technologies and improves safety provided by vehicle analytics is expected to contribute to the growth of the market.

Market Definition: Global Vehicle Analytics Market

Vehicle analytics is a technology that enables the manufacturer or users to gatherer the real-time data about the current state of the vehicle as well as driving methods of the driver. It also enables the vehicle counting, brand detection, road condition inspection, tracking, as well as incorrect direction detection. It requires a lot of space for storage of data. It is widely used in small and medium as well as large enterprises. The surging needs for effective transport services is creating a demand for vehicle analytics.

Market Drivers:

The various technological innovations done to enhance fleet maintenance with the help of AI and machine learning is driving market growth
The GPS tracking device and sensors provide the real time data of the users which act as a driving factor for the market
The growing adoption of vehicle telematics is contributing to the growth of the market
The public safety and security concerns have seen growth globally which is boosting the market growth
The IP-based security systems has been in high demand which has contributed to market growth
The unstructured video data has increased in volume which has increase the market growth

Market Restraints:

The limitations arising from network coverage act as restraint in the market growth
The initial setup of the technology requires high investment which hampers the market growth
The increase in the number of false alarm alerts is hindering the growth of the market

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Segmentation: Global Vehicle Analytics Market

By Application

Predictive Maintenance
Warranty Analytics
Traffic Management
Safety And Security Management
Driver and Used Behavior Analysis
Dealer Performance Analysis
Infotainment
Usage-Based Insurance
Road Charging

By Component

Software
Services
Professional Services
Deployment and Integration
Support and Maintenance
Consulting Services
Managed Services

By Deployment Model

On-Premises
On-Demand

By Organization Size

Small and Medium Enterprises
Large Enterprises

By End User

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

By Geography

North America
S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa

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Key Developments in the Market:

In April 2019, Xevo announced that it has completed its acquisition deal and is now acquired by Lear Corporation. It will enable the combination of user friendly interface with cloud based technology through which a driver can interact with the application using real-time data. This acquisition will expand the Xevo in-vehicle data monetization as well as connected car platforms and it will increase the offering of the company with recurring revenues
In June 2017, Admobilize has entered into a partnership with Smartlink to provide vehicle analytics solutions. They will offer the plug and play unit for vehicle count as well as speed data for customers. This partnership will establish Smartlink as the industry leader through which the company will be able to increase their revenues by acquiring more customers.

Competitive Analysis

Global vehicle analytics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global vehicle analytics market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global vehicle analytics market are Microsoft, IBM Corporation, IMS, Inseego Corp, SAP SE, CloudMade, Teletrac Navman US Ltd., AGNIK LLC, ARI Fleet Management Company, Inquiron, HARMAN International, Genetec Inc., INRIX, WEX Inc., Noregon, Xevo, Azuga, PROCON ANALYTICS, The Infinova Group, KEDACOM, Acerta Analytics Solution Inc., 3rd Eye Truck Cameras, NOVATION ANALYTICS and Amplify Mindware Pvt. Ltd. among others.

The Vehicle Analytics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Vehicle Analytics market.

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Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Vehicle Analytics market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Vehicle Analytics market. These factors have benefited the growth of the global market for Vehicle Analytics. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

Reasons to Purchase this Report:

Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
Market value USD Million and volume Units Million data for each segment and sub-segment
Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

(**NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.)

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Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

Market outline

PART 05: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 06: MARKET SIZING

Market definition
Market sizing 2021
Market size and forecast

PART 07: FIVE FORCES ANALYSIS

Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

PART 08: MARKET SEGMENTATION BY PRODUCT

Global Vehicle Analytics market by product
Comparison by product
Market opportunity by product

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

Global Vehicle Analytics market by distribution channel
Comparison by distribution channel
Global Vehicle Analytics market by offline distribution channel
Global Vehicle Analytics market by online distribution channel
Market opportunity by distribution channel

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

Global Vehicle Analytics market by end-user
Comparison by end-user

PART 12: REGIONAL LANDSCAPE

Global licensed Vehicle Analytics market by geography
Regional comparison
Licensed Vehicle Analytics market in Americas
Licensed Vehicle Analytics market in EMEA
Licensed Vehicle Analytics market in APAC
Market opportunity

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 15: MARKET TRENDS

PART 16: VENDOR LANDSCAPE

Overview
Landscape disruption
Competitive scenario

PART 17: VENDOR ANALYSIS

Vendors covered
Vendor classification
Market positioning of vendors

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