Industry Background:
Vehicle analytics helps analyses behavior and characteristics and allows users to reduce the response to automatically defining vehicle behavior. It also provides data on the vehicle’s speed, direction on travel, and others. The major benefits of vehicle analytics are it offered enhanced security with the help of vehicle access control, faster threat detection, tracking out-of-state vehicles over time.This growth is primarily driven by Technology Advancement Including Machine Learning, AI, and Predictive Maintenance, To Enhance Fleet Management and Increasing Adoption of Real-Time Data Collected From Sensors and GPS Tracking Devices.
Globally, a noticeable market trend is evident Initiation of Government Rules and Regulations
. Major Players, such as IBM (United States), Samsung Group (Harman) (South Korea), SAP (Germany), Microsoft (United States), Teletrac Navman (United States), INRIX (United States), Automotive Resources International (United States), WEX (United States), Inseego Corp (United States) and Genetec (Canada) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Dec 2019, J.D. Power announced the merger with Autodata Solutions to offer new and pre-owned automobile transactional data with valuation tools, and others. Through this agreement, the company is trying to enhance the customer experience insight with advanced technology.
In Jan 2020, INRIX announced the launch of its first signal analytics platform for anonymous vehicle data. This software is easy to use and cost-effective analytics platforms which majorly helps the transportation agencies, and others.
Market Drivers
- Technology Advancement Including Machine Learning, AI, and Predictive Maintenance, To Enhance Fleet Management
- Increasing Adoption of Real-Time Data Collected From Sensors and GPS Tracking Devices
Market Trend
- Initiation of Government Rules and Regulations
- High Adoption of Cloud-Based Vehicle Analytics
Restraints
- Limited Network Coverage
- Required Huge Cost for the Initial Investment
Opportunities
Growing Demand in Automotive Players, Rising Focusing Towards Vehicle Analytics to Enhance Customer Experience and Unparalleled Advancements near Making Autonomous Vehicles
Challenges
Data Security and Rising Complexity in Integrating Data with Existing Software Systems
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Vehicle Analytics Study Sheds Light on
The Vehicle Analytics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Vehicle Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Vehicle Analytics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.