Vehicle Analytics Market Top Scenario, SWOT Analysis, Business Overview, Forecast 2022
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.
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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Market Segmentation
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Component
- Vehicle Analytics Software Platform
- Professional & Consulting Services
- Managed Services
End-User
- Automotive OEM
- Government
- Insurance Provider
- Fleet Owner
- Others
Application
- Driver Behavior Analysis
- Traffic Management
- Fleet Behavior Analysis
- Predictive Maintenance
- Location Based Services
- Infotainment
- Other Applications
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