Ongoing Technological Upgrades Related To Data Safety To Promulgate Global Vehicle Analytics Market Growth

Vehicle Analytics Market

Transport business is crucial for the growth of the economy. Vehicle analytics is a procedure of tracking and monitoring the real-time vehicle properties and behavior with various sensors affixed on vehicles. Such sensors permit users to gain enhanced command of vehicles by recognizing the inappropriate behavior and health status of the vehicles to avoid interruptions. It also facilitates users to gain insights into the driving habits of the drivers. The vehicle analytics application is available in a wide range from farmer to large-scale fleet operations.

The ongoing upgrades and developments in technology in the field of data safety will significantly promulgate the growth of the global vehicle analytics market in the forthcoming years. Also, the emergence of advanced technologies, connectivity ports, diagnostic ports, and sensors to produce a large amount of useful data will significantly fuel the requirement of vehicle analytics solutions globally. The technology facilitates real-time data generation regarding the current status of the fleet and vehicle. Such advanced solutions also help in extracting information regarding road conditions, vehicle counting, inspection, threat detection, and incorrect direction detection. Also, the extensive penetration of advanced technologies along with smart devices all across the globe is likely to vigorously steer the growth of the global market during the forecast period. However, the adoption of application software to streamline the huge data poses a strong requirement for public safety and security concerns which in turn will propel the demand for advanced vehicle analytics solutions.

The global vehicle analytics market can be segmented into application, deployment type, end-user, and region. By application, the market can be segmented into dealer performance, analysis driver & user behavior analysis, predictive maintenance driver, safety management, traffic management, usage-based insurance, and others.

By deployment type, the market can be segmented into on-premise and cloud deployment solutions.

By end-user, the market can be segmented into original equipment manufacturers, insurers, automotive dealers, regulatory bodies, fleet owners, and others.

Asia Pacific accounts for the largest share in the global vehicle analytics market due to the growing adoption of such solutions in the region. Moreover, the growing automotive manufacturing units in the region will further boost the demand for vehicle analytics solutions in the region.

Some of the significant players in the global vehicle analytics market are Acerta Analytics Solutions, Amodo, Azuga, C-4 Analytics, LLC, CloudMade, Digital Recognition Network, EngineCAL, Genetec Inc., HARMAN International, IBM, Inquiron, INRIX, Inseego Corp., Intelligent Mechatronic Systems, Microsoft, Noregon, Pivotal Software, Inc., Plotly, Procon Analytics, Automotive Rentals, SAP, Teletrac Navman, WEX Inc., Agnik LLC, and Xevo Inc. To cite, in 2017, IBM partnered with Panasonic to launch the Panasonic Cognitive Infotainment platform to provide OEMs complete infotainment solutions.