Vehicle Analytics is the study of vehicle characteristics and behavior through inputs from sensors fixed on-board vehicle, letting users to have a better control of the vehicle and the fleet as a whole by detecting doubtful behavior and recognizing the vehicle health to avoid breakdowns. In addition, vehicle analytics help users to gain proper understanding on vehicle conditions and driving habits.
The increase in technological advancements and greater safety provided by vehicle analytics are driving the vehicle analytics market growth. Moreover, increase in significant R&D activities relating to the vehicle analytics technology are boosting the vehicle analytics market to grow substantially. Whereas, the vehicle analytics market growth is hindered by the certain concerns such as high initial cost, and data security issues along with network coverage. However, development in AI technology and migration towards cloud are the key opportunities which are expected to enhance the market growth.
