Vehicle Analytics Market 2021 Competitive Insights and Precise Outlook- IBM Corporation, Inquiron  Ltd, Intelligent Mechatronic Systems Inc

Global Vehicle Analytics Market 2021-2026 is a comprehensive report which provides a detailed overview of the major driver, opportunities, challenges, current market trends and strategies impacting the Global Vehicle Analytics market in conjunction with calculation and forecast of size, share, and growth rate analysis. Combining the analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust future growth of the Vehicle Analytics market all told its geographical and merchandise segments.

The vehicle analytics market was valued at USD 1.74 billion in 2020 and is expected to reach a value of USD 6.34 billion by 2026 at a CAGR of 24.3% over the forecast period from 2021 to 2026.

The Global Vehicle Analytics market is highly competitive and consists of a number of major players. Companies like SAP SE, Cloudmade Ltd, Genetec Inc., HARMAN International Industries Inc. (Samsung Electronics Co. Ltd), IBM Corporation, Inquiron  Ltd, Intelligent Mechatronic Systems Inc., Teletrac Navman US Ltd among others.

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Global Developments:

- March 2020 - Genetec announced the availability of its next-generation mobile license plate recognition system. The new AutoVu SharpZ3 goes beyond traditional license plate identification and brings unique insight into vehicle analytics, situational awareness, and accuracy. It utilizes Intel's latest machine learning and computer vision technology to unlock new insights through analytics.
- November 2019 - IBM partnered with ElectraLink and Western Power Distribution (WPD) to commence the Virtual Monitoring (VM) Data project. The project will investigate the feasibility of creating half-hourly load profiles for WPD customers, including those with electric vehicles and LCTs installed, which can be fed into a VM tool for WPD's local network, using cognitive analytics, various data sets, and proof of concept models. It will use IBM's advanced analytics services and IBM Watson Studio.

Scope of the Report:

Digitization has become an essential driver of innovation in the vehicle industry. With vehicles generating volumes of data in seconds, the opportunity to deliver superior customer experiences and business processes is becoming more significant than before. At present, cars account for at least 50 sensors designed to collect more detailed information, such as speed, emissions, distance, resource usage, driving behavior, and fuel consumption. The generated data gives the automotive industry stakeholders to use it for further analysis, create relation analysis, and enable better utilization.

Key Market Trends:

Predictive maintenance is Expected to Hold Significant Share
- As automakers are continually assessing the vehicle part's performance in real-time through sensors, it unlocks the opportunity toward a predictive maintenance approach. Using predictive maintenance, data can be pulled out from a majority of the vehicles of a given year and model, and that information can be compared with warranty repair trends. These trending issues are carefully observed and addressed, limiting the fallout from large-scale recalls, minimizing unnecessary wrench time, and potentially saving lives in the process. The Defense Innovation Unit (DIU) plans to bring predictive maintenance to the Navy, aimed at keeping naval, aircraft, and ground vehicles online and avoiding costly last-minute repairs. This will help in a greater understanding of a vehicle's life and health since it is critical for the military.

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The key insights of the Vehicle Analytics Market report:

The report provides key statistics on the market status of the Vehicle Analytics market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Vehicle Analytics market report presents the company profile, product specifications, capacity, production value, and 2015-2021 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2021-2026 market development trends of Vehicle Analytics
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Vehicle Analytics Industry before evaluating its feasibility.

Finally, Vehicle Analytics Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Automotive Actuators industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Key points in this report:

– The market estimate (ME) sheet in Excel format

– Report customization as per the client’s requirements

– 3 months of analyst support

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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