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Alok Kumar
State Tower, 90 State Street, Suite 700,
Albany NY

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Global Vehicle Analytics Market Scenario Focusing on Improvements Shaping Industry Growth
Vehicle Analytics Market, Vehicle Analytics, Analytics Market, Semiconductor, Technology, Genetec Inc., Microsoft Corp., INQUIRON LTD, IBM Corporation, SAS Institute Inc., Agnik Llc, Acerta Systems Analytics Inc., Amodo Ltd.,, 6/14/2018 - A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Vehicle Analytics Market: Driver Behavior Analysis will remain the Leading Application Segment Through 2022: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2022”which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report anticipates that Vehicle Analytics Market would rise at a positive CAGR during the period 2017-2022.

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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. Importance of vehicle analytics is also likely to increase due to greater need for fleet monitoring, automation and mobility management. Integration of advanced vehicular technology is allowing transport service providers to improve operational efficiency, deliver better customer service as well as achieve sustainability. Vehicle analytics facilitates advanced analytics and aids in streamlining various operational procedures. The focus is now shifting towards incorporating machine learning, predictive analysis and artificial intelligence (AI) in vehicle and transport technology. The above mentioned factors are anticipated to further propel the popularity of vehicle analytics over the next couple of years.

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.

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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