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(Transportation-News.com, March 19, 2018 ) Global Vehicle Analytics Market, and Regional Market Size, Status and Forecast to 2025
Vehicle analytics is a platform that enables us to analyze, monitor, and improve the vehicle and driver performance. It helps understand the vehicle behavior and trends. Vehicle analytics also provides the ability to improve overall safety for on-road vehicles through advanced safety measures and proactive vehicle maintenance, which in turn avoids distractions while driving, and allows vehicles to avoid any hazard. Vehicle analytics also increases security using vehicle access control and provides faster threat detection.
Major players in the vehicle analytics market include Agnik LLC, Amodo, Automotive Rentals, Inc., Harman International Industries, Inc., IBM, Inquiron, INRIX, SAS Institute Inc., Teletrac Navman and Xevo Inc.
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Scope
The global vehicle analytics market is segmented on the basis of deployment type, end-user, application and geography. On the basis of deployment type, the market is segmented into cloud and on-premises. On-Premise deployment segment would refer to the computation that is located within the physical confines of an organization while the cloud based deployment refers to delivery of hosted services over the internet. In 2016, the On-premises deployment type is expected to hold the major revenue share owing to their wide adoption across industry vertical. Cloud sub-segment, owing to their increasing adoption is expected to grow at a rapid pace while also capturing considerable market share during the forecast period.
On the basis of end-user, the global vehicle analytics market is segmented into Tier 1 suppliers, original equipment manufacturers (OEMs), service providers, automotive dealers, fleet owners, regulatory bodies and insurers. Based on the end-user, Tier 1 suppliers sub-segment is expected to hold the major share of the market, primarily their critical role as suppliers of hardware and software to other industries. On the basis of application, the market is segmented into predictive maintenance, warranty analytics, traffic management, safety and security management, driver and user behavior analysis, dealer performance analysis, infotainment, usage-based insurance and road charging. The market, based on application is expected to be dominated by predictive maintenance sub-segment and is projected to grow at rapid pace.
Access More Details at http://www.kminsights.com/reports/global-vehicle-analytics-market--by-end-user--fleet-owners--oem--automotive-dealers--service-providers--insurers--regulatory-bodies---component--software--services---deployment-model--on-demand--on-premise---application--safety-and-security-management--predictive-maintenance--traffic-management--road-charging--warranty-analytics--usage-based-insurance--infotainment---and-regional-market-size--status-and-forecast-to-2025-170024
Growing demand for smoother mobility and improving transportation system in emerging countries such as Brazil, China and India is expected to create new business opportunities or market player during the forecast period. At the same time, rising vehicle parc across the globe is making vehicle analytics highly significant. Importance of vehicle analytics is also likely to increase due to greater need for fleet monitoring, automation and mobility management. Integration of advanced vehicular technology is allowing transport service providers to improve operational efficiency, deliver better customer service as well as achieve sustainability.
Vehicle analytics facilitates advanced analytics and aids in streamlining various operational procedures. The focus is now shifting towards incorporating machine learning, predictive analysis and artificial intelligence (AI) in vehicle and transport technology. The above mentioned factors are anticipated to further propel the popularity of vehicle analytics over the next couple of years.
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