Market Overview

Vehicle Analytics - The Global Market is Projected to Reach $4.14 Billion by 2023: Rising Demand for Predictive Maintenance is Fueling Demand - ResearchAndMarkets.com

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The "Global
Vehicle Analytics Market - Growth, Trend and Forecasts (2018 - 2023)"

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The Vehicle Analytics market was valued at USD 1.12 billion in 2017 and
is expected to grow at a CAGR of 24.2% during the forecast period
(2018-2023), to reach USD 4.14 billion by 2023.

Vehicle analytics has applications such as in predictive maintenance,
safety and security management, driver performance analysis, amongst
various others. The end-users of this technology are OEMs, regulatory
bodies, insurers, amongst various others.

Cars of the future are poised to show immense intelligence with
prodigious connectivity. Also, data analytics will allow the vehicles to
interact, navigate, collaborate without human mediation, and create a
vast volume of data. Apart from this, use of vehicle telematics, and
advancements in machine learning and AI are expected to fuel the market
growth. However, the high cost of this technology can limit the
penetration to high-end luxury cars and is expected to challenge the
vehicle analytics market.

Key Highlights

  • Rising Demand for Predictive Maintenance to Augment the Market
  • Asia-Pacific Expected to Witness the Fastest Growth

Notable Developments in the Market

  • February 2018 - At the Mobile World Congress, SAP SE expanded the SAP
    Vehicles Network initiative to add HERE Technologies, MasterCard and
    Postmates. Together, the Network aims to work on various new features
    of vehicle analytics.
  • October 2017 - Teletrac Navman announced a collaboration with Noregon.
    This partnership aims to combine the fleet management capabilities of
    Teletrac Navman and the vehicle health and safety diagnostics of
    Noregon, to provide a holistic view of vehicle fitness in real time.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Vehicle Analytics Market Dynamics

5. Technology Snapshot

6. Global Vehicle Analytics Market Segmentation

7. Competitive Intelligence - Company Profiles

  • SAP SE
  • Cloudmade
  • Genetec Inc.
  • HARMAN International
  • IBM Corporation
  • Inquiron Ltd.
  • Intelligent Mechatronic Systems Inc.
  • Microsoft Corporation
  • Teletrac Navman U.S. Ltd.

8. Investment Analysis

9. Future Outlook of the Vehicle Analytics Market

For more information about this report visit https://www.researchandmarkets.com/research/9d95hp/vehicle_analytics?w=4

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