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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Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment

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Research Methodology (1/2)

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Systematic Research Approach 1

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

3 Developing list of respondents

4 Data collection

Data validation

Data analysis

Insights

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Actionable Insights

Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain

PMR develops a list of industry players (manufacturers), distributors, retailers and industry experts

Primary Researc SOLUTION h 

Market participants

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Key strengths

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Product portfolio

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PMR conducts interviews with industry experts, industry players, distributors and retailers

Data is validated by triangulation method, wherein secondary, primary and PMR analysis contribute to the final data

Data is scrutinized using MSExcel to obtain qualitative and quantitative insights about the industry

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Business Solution

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PMR formulates a detailed discussion guide to conduct expert and industry interviews

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Research & Intelligence

Data Filter & Analysis

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Company Analysis

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Channel study

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Developments

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Desk Researc h

Key industry experts

Market dynamics

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Products

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Conclusions

Mapping as per value chain Key focus segments

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Primary Research # Linkedin Zoominfo Salesforce Avention

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Secondary Research #

Company websites Company annual reports White papers Financial reports

Paid Publications#

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Factiva GBI Genios Meltwater

# includes sources of databases

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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.

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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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