The vehicle analytics market was valued at US$XX.XX billion in 2018 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2024. Advancement is technology for fleet management is one of the major drivers of vehicle analytics market. Rising use of GPS tracking devices across transportation and logistics industry is significantly boosting the demand for vehicle analytics solutions globally. Increasing investments in R&D by automakers to develop autonomous vehicles will further continue to bolster the growth of vehicle analytics market during the forecast period. However, factors such as concerns regarding data security and difficulty in integrating the data with existing software systems are restraining the growth of vehicle analytics market.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the vehicle analytics value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the vehicle analytics market.
Major industry players profiled as part of the report are SAP, Genetec Inc., Microsoft, IBM, Cloudmade, Intelligent Mechatronic Systems, Inc., HARMAN International, Teletrac Navman US Ltd, Inseego Corp., Agnik LLC and Inquiron.
The vehicle analytics market is segmented by component, deployment model, application and geography.
Light Motor Vehicle
Medium and Heavy Motor Vehicle
Middle East and Africa
Key Questions answered by the report
What is the vehicle analytics market size from 2019 to 2024?
How are the major drivers and restraints affecting the vehicle analytics market and the opportunities which exist for the key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants behaviour
Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.