Product ID: UCMIG45E2031
Vehicle Analytics Market Size, Share, Growth Analysis, By Application(Dealer Performance Analysis, Driver & User Behavior Analysis), By Deployment(On-premise, Cloud), By End User(Original Equipment Manufacturers (OEMs), Insurers), By Region(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG45E2031 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Vehicle Analytics Market Insights
Market Overview:
An advanced technology that tracks real-time information about the current state of the vehicles is known as vehicle analytics. To gain real-time insights from the vehicle’s current position, it enables end-users, including OEMs, insurers, fleet owners, and others. To monitor, analyze, and improve vehicle and driver performance, the platform is primarily utilized. A safe driving experience is further ensured by this improved vehicle and driver performance. For various applications, including traffic management, predictive maintenance, usage-based insurance, and others, the technology is been used. In the forthcoming period, the growing adoption and availability of connected vehicles are expected to boost the demand for vehicle analytics. For performance improvement, almost all the new-generation electric cars are equipped with various telematics, IoT devices, and sensors. To aanalyse gather data from these devices this further increases the demand for automotive analytics.
Vehicle Analytics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Application Software by segment aggregation, the contribution of the Application Software in Software & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Vehicle Analytics Market Report Snapshots
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