Data-Driven Driving: Maximizing Performance with Vehicle Analytics Market

According to a recent report published by Allied Market Research, titled, "Vehicle Analytics Market by Application, Deployment, and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027,"

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐚𝐭: https://www.alliedmarketresearch.com/request-sample/9480

Increase in trend of connectivity solution in automotive, surge in use of cloud-based technology for smart fleet management solutions, and rise in concerns for safety & security of vehicles drive the growth of the global vehicle analytics market. On the other hand, high installation cost and several security concerns related to data communication impede the growth to some extent. However, developments in semi-autonomous and autonomous vehicles are expected to create lucrative opportunities in the industry.

Covid-19 scenario-

Several commute restrictions and weak financial performance by the market players impacted the global vehicle analytics market negatively.
However, the market is expected to recover gradually, due to rising need for connecting technology in automobiles.

The global vehicle analytics market is analyzed across application, deployment, end-user, and region. By application, the safety and security management segment accounted for more than one-fifth of the total market revenue in 2019, and is anticipated to retain its dominance during the forecast period. Simultaneously, the predictive maintenance segment would exhibit the fastest CAGR of 26.5% from 2020 to 2027.

𝗜𝗻𝘁𝗲𝗿𝗲𝘀𝘁𝗲𝗱 𝘁𝗼 𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝘁𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁? 𝗜𝗻𝗾𝘂𝗶𝗿𝗲 𝗕𝗲𝗳𝗼𝗿𝗲 𝗕𝘂𝘆𝗶𝗻𝗴 - https://www.alliedmarketresearch.com/purchase-enquiry/9480

By deployment, the on-premise segment contributed to more than three-fifths of the total market share in 2019, and is projected to rule the roost during the forecast period. At the same time, the cloud segment would manifest the fastest CAGR of 26.9% from 2020 to 2027.

The leading market players analyzed in the global vehicle analytics market report include Continental AG, Genetec Inc., SAP SE, Inquiron Limited, ARI Fleet Management Company, Inseego Corp., Teletrac, International Business Machines Corporation, Samsung Electronics Co., Ltd., and Microsoft Corporation. These market players have adopted different strategies including partnersip, expansion, collaboration, joint ventures, and others to reinforce their status in the industry.

Key Findings Of The Study

By deployment, the cloud segment is expected to register significant growth during the forecast period.
On the basis of end user, the original equipment manufacturers (OEMs) segment is projected to lead the global market in terms of market share by the end of the forecast period.
On the basis of application, the safety & security management segment is projected to lead the global market, in terms of market share, by the end of the forecast period.
Europe dominated the global vehicle analytics market in 2019 in terms of market share. Moreover, Asia-Pacific is anticipated to lead the market growth.

𝗣𝗿𝗼𝗰𝘂𝗿𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗮𝘁: https://www.alliedmarketresearch.com/vehicle-analytics-market/purchase-options

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.