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(Transportation-News.com, September 18, 2018 ) According to Verified Market Intelligence, the Global Vehicle Analytics Market was valued at USD 945.25 million in 2016 and is projected to reach USD 8,061.08 million by 2025, growing at a CAGR of 26.89% from 2017 to 2025.
Vehicle analytics is a platform that enables us to analyze, monitor, and improve the vehicle and driver performance. It helps to understand the vehicle behavior and trends and attracts many user behavior analytics vendors who can incorporate applications in order to uplift the penetration of vehicle analytics in the global market. 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.
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Advancements in making an autonomous vehicle a reality and the growing usage of real-time data collection from sensors as well as GPS trackers can act as potential drivers for the market as it uses a data analytics platform to incorporate in the applications made for vehicle access control. On the other hand, concerns regarding data security and issues with data integration with existing systems can hinder the growth of the global vehicle analytics market.
Competitive Landscape:
The major players in the market are as follows:
IBM Corporation
SAP
Genetec Inc.
Intelligent Mechatronic Systems
Microsoft
Cloudmade
Agnik LLC
Teletrac Navman
Automotive Rentals (ARI)
Inquiron
Inseego Corp.
Harman International
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Verified Market Research
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