Vehicle Analytics Market

Vehicle Analytics Market: Driver Behavior Analysis will remain the
Leading Application Segment Through 2022: Global Industry
Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2022
2017-11-16
Report Id : REP-GB-5604
Status : Publish
Category : Electronics,
Semiconductors, and ICT
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Research Methodology (1/2)
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Data
Collection
Market profiling
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In-depth secondary research is
used to ascertain overall
market size, top industry
players, top products, industry
associations, etc.
Formulating discussion guide
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Developing list of respondents
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Data analysis
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Actionable
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Identifying key opinion
leaders
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In-depth interviews
Coverage across value chain
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distributors, retailers and
industry experts
Primary
Researc
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Market participants
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Key strengths
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Product portfolio
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industry experts, industry
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Data is scrutinized using MSExcel to obtain qualitative and
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industry
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& Analysis
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h
Key industry
experts
Market
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Products
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Conclusions
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Company
websites
Company
annual reports
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Financial
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Factiva
GBI
Genios
Meltwater
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Vehicle Analytics Market
Greater travel convenience, especially within urban settlements has been
instrumental in boosting the adoption of advanced vehicular technologies including
vehicle analytics. Moreover, growing need for more effective transport service
technologies that can address traffic and rout mapping issues is creating broader
scope of application of vehicle analytics. Transport service providers are aiming to
leverage vehicle analytics for fleet management, service enhancement and business
expansion. A recent report published by Future Market Insights (FMI) reveals that the
global vehicle analytics market is set to exhibit a CAGR of 15.5% during the forecast
period (2017-2022). Rising concerns over traffic congestion, safety and travel
duration is expected to reflect favorably on the global vehicle analytic market in the
forthcoming years. Also, infrastructural development and rapid urbanization are
some of the other additional factors likely to drive the adoption of vehicle analytics.
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.
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Vehicle Analytics Market
Widespread Utilization of Vehicle Analytics Software Platform
On the basis of component, the vehicle analytics software platform is expected to
remain highly lucrative over the assessment period. Vehicle analytics software
platforms are being increasingly utilized by automotive companies and transport
service providers to improve their product and services offerings. The vehicle
analytics software platforms segment is anticipated to account for more than 64%
share of the market by 2022 end, reflecting an impressive CAGR of 17.6%.
Automotive OEM will continue to be the Leading End-User of Vehicle
Analytics
Automotive OEM are using vehicle analytics in order to enhance their product
efficiency, making them more relevant to the current requirements. In terms of
revenue, the automotive OEM end-user segment currently makes the highest
contribution to the global vehicle analytics market. Towards the end of 2022, market
is estimated to gain over US$ 1,100 Mn from the automotive OEM segment.
5
Vehicle Analytics Market
North America to Spearhead the Global Vehicle Analytical Market Over
2022
Among regions, North America is expected to retain its dominant position over the
projection period, exhibiting an above average growth rate. In terms of revenue, the
region’s market will remain highly lucrative in 2017 and beyond.
Competitive Dashboard
Leading companies functioning in the global vehicle analytics market include
Genetec Inc., Microsoft Corp., INQUIRON LTD, IBM Corporation, SAS Institute Inc.,
Agnik Llc, Acerta Systems Analytics Inc., Amodo Ltd., Automotive Rentals, Inc., and
SAP SE. Many of these companies are concentrating on innovation and further
development of technology in order to meet the current and future market
requirements.
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Vehicle analytics market