Vehicle Analytics Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

Japan, Japan, Wed, 12 Jan 2022 06:25:37 / Comserve Inc. / -- The vehicle analytics market size is expected to grow from USD 1,124.1 million in 2017 to USD 3,637.4 million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.5%.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.

The vehicle analytics market size is expected to grow from USD 1,124.1 million in 2017 to USD 3,637.4 million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.5%. Advancements in technologies, such as machine learning, artificial intelligence (AI), and predictive maintenance to enhance fleet management and increasing use of real-time data collected from sensors, and Global Positioning System (GPS) tracking devices are some of the factors that have significantly fueled the growth of vehicle analytics solutions. However, network coverage limitations and high initial setup costs are the restraining factors for the vehicle analytics market.

"Safety and security management application is estimated to hold the largest market size in 2017 in the vehicle analytics market. The trend is expected to continue during the forecast period"
Many applications, such as automatic crash notification, remote alerting and theft tracking, roadside assistance, and concierge services make use of sensors and other RFID tags embedded inside the car to determine the overall health of the car. The need to monitor and analyze the data generated from myriads of IoT sensors and wireless connections to improve safety and security features inside the car is one of the major factor contributing to the substantial growth of the application.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Vehicle Analytics Market-Size By Business Function, By Component, By Deployment Model, By Organization Size, By End User, By Geographic Scope And Forecast Up to 2022 (Trending Report)

"Asia Pacific (APAC) is expected to have the highest growth rate during the forecast period in the vehicle analytics market by region"
The top countries contributing to the growth of vehicle analytics market are China, Japan, Singapore, South Korea and India. The market is chiefly driven by the substantial growth of cab aggregator companies and by the astronomical growth and development witnessed around the development of smart cities and IoT proliferation. Vehicle Analytics companies should focus more on the emerging economies such as China, India, Bangladesh, Malaysia, and Thailand, as these countries hold the maximum potential of adoption of advanced technologies in the near future. Moreover, massive adoption of cloud technologies in the APAC region is also one of the compelling trends that signify the humungous growth opportunities for new and advanced technologies in the region.

The Chinese market is currently keeping pace with the US and North America in terms of manufacturing the number of cars annually. The trend witnessed in the region is expected to even surpass/outgrow the US and Europe market in future. APAC market offers several untapped and unexplored opportunities which if explored properly could be significant in propelling the growth for the vehicle analytics solution and service providers.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profile of the primary participants is as follows:
• By Company: Tier 1 – 25 %, Tier 2 –35%, and Tier 3 –40%
• By Designation: C level – 16%, Director level – 35%, and Others – 49%
• By Region: North America – 42%, Europe – 22%, and APAC – 36%

Research Report
The report segments the vehicle analytics market on the basis of applications (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); components (software, and services) deployment models (on-premises and on-demand); end-user (service providers, automotive dealers, fleet owners, regulatory bodies ,and insurers), and regions (North America, Europe, APAC, Middle East and Africa (MEA), and Latin America).

Reasons to Buy the Report
• To get a comprehensive overview of the global vehicle analytics market
• To gain wide-ranging information about the top players in this market, their product portfolios, and the key strategies adopted by them
• To gain insights into the major countries/regions, in which the vehicle analytics market is flourishing across various industry verticals

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.4 YEARS CONSIDERED FOR THE STUDY 15
1.5 CURRENCY 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.1.1 SECONDARY DATA 18
2.1.2 PRIMARY DATA 18
2.1.2.1 Breakdown of primaries 19
2.1.2.2 Key industry insights 19
2.2 MARKET SIZE ESTIMATION 21
2.3 MICROQUADRANT RESEARCH METHODOLOGY 22
2.3.1 VENDOR INCLUSION CRITERIA 22
2.4 RESEARCH ASSUMPTIONS 23
2.5 LIMITATIONS 23

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