The report of Global Vehicle Analytics Market by Application (Predictive Maintenance, Warranty Analytics, Traffic Management, Safety and Security Management, Driver and User Behaviour Analysis, Dealer Performance Analysis, Infotainment, Usage-Based Insurance, Road Charging), Component (Software, Services, Managed Services), Deployment Model (On-Premises, On-Demand), End-User (Original Equipment Manufacturers (OEMs), Service Providers, Automotive Dealers, Fleet Owners, Regulatory Bodies, Insurers), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ XX Bn by 2027, at a CAGR of 24.8 % during a forecast period.
The advent of connected vehicles with capabilities to offer real-time, predictive, and contextual insights on consumer behaviour, driving behavior, and vehicle health is a key factor expected to boost the growth of the vehicle analytics market. Furthermore, emergent demand for highly distributed (spatial extent) and highly dynamic (temporal extent) IoT grid-connected vehicles is forestalling high adoption of vehicle analytics systems in heavy and light-duty vehicles. This adoption is mainly attributed due to its predictive maintenance capability which in turn is expected to drive the growth of the potential market during the forecast period.
Original Equipment Manufacturers (OEMs) segment is expected to account for the largest XX% market share by 2027.
The original equipment manufacturers (OEM’s) segment is expected to register a high revenue XX% share in the global market. Growing adoption and demand for advance technologies in automotive equipment as well as rising development activities in vehicles infotainment systems are major factors expected to propel the growth of the segment in the global market.
APAC is projected to witness the fastest growth during the forecast period.
The APAC region is witnessing a growing dominance of connected and autonomous vehicles. Also, growing penetration of new technology companies making ways into the automotive industry is expected to lead to a new era of automotive analytics. China’s ambition to have at least ~ US$ 30 million autonomous vehicles within a decade is expected to drive the demand for automobile analytics. The government has been very active in technology adoption to aid policy implementation. It is expected that the country will emerge as the major user of AI or surveillance over the next decade.
Key players operating in the Global Vehicle Analytics Market are SAP, Genetec Inc., Microsoft, IBM, Cloudmade, Intelligent Mechatronic Systems, Harman International, Teletrac Navman, Inseego Corp., Agnik LLC, Automotive Rentals (ARI) and Inquiron
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Vehicle Analytics Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Vehicle Analytics Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Vehicle Analytics Market positioning of competitors.
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