Global $12.18 Billion Vehicle Analytics Market to 2028: Rapidly Increasing Innovations, Software-based Systems, Increase Demand for Upgrades in Cars

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Dublin, June 28, 2021 (GLOBE NEWSWIRE) -- The "Vehicle Analytics Market Size, Share & Analysis, By Deployment (Cloud, On-premise), Application, Component (Software, Services), and End-Use (OEMs, Service Providers, Automotive Dealers, Fleet Owners, Others), And By Region, Global Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.

The global vehicle analytics market size is expected to reach USD 12.18 Billion in 2028, and register a CAGR of 20.7% during the forecast period.

Rapidly increasing innovations, particularly in software-based systems, is expected to increase demand for upgrades in cars, which is a key factor driving market revenue growth.

Rising technological advancements and increasing research and development initiatives by companies

Increasing technological developments in automotive industry such as connected vehicles and driver-less cars, is resulting in need for data analytics to analyze and obtain and assess information and offer carious features such as predictive maintenance, warranty analytics, traffic management, dealer performance analysis, infotainment, usage-based insurance, and road charging. These are major factors driving market growth to a significant extent in the years to come.

Automotive manufacturers need to implement software-powered techniques to address new challenges including data privacy, cyber security, hacking, and constant product updates. These issues need to be addressed to eliminate or lower possibilities of large scale product recalls, reduce unnecessary wrench time, and enhance safety precautions.

Some Key Findings From the Report:

  • Among the component segments, the software segment accounted for the largest revenue share in 2020. The service component segment is expected to register a robust revenue CAGR during the forecast period.
  • Among the deployment segments, the on premise segment accounted for the largest revenue share in 2020. The cloud segment is expected to register a robust revenue CAGR during the forecast period.
  • Among the application segments, the predictive maintenance segment accounted for the largest revenue share in 2020.
  • Among the end-use segments, the OEM segment accounted for major revenue share in 2020, due to increasing implementation of vehicle analytics in vehicles by OEMs to offer better driving experience and safety to customers.
  • The North America market accounted for the largest revenue share in 2020, followed by the Europe market in terms of revenue share in 2020.
  • The Asia Pacific vehicle analytics market is expected to register significantly high revenue CAGR during the forecast period.
  • The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.

Key Topics Covered:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020 - 2028

Chapter 3. Indicative Metrics

Chapter 4. Vehicle Analytics Market Segmentation & Impact Analysis
4.1. Vehicle Analytics Market Deployment Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. The development in technologies and improved safety provided by vehicle analytics
4.2.2.2. Increase in R & D activities
4.2.3. Market restraints analysis
4.2.3.1. Concerns for network coverage
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Vehicle Analytics Market By Component Insights & Trends
5.1. Component, Dynamics & Market Share, 2021 & 2028
5.2. Software
5.3. Services

Chapter 6. Vehicle Analytics Market By Deployment Insights & Trends
6.1. Deployment Dynamics & Market Share, 2021 & 2028
6.2. Cloud
6.3. On-Premise

Chapter 7. Vehicle Analytics Market By Application Insights & Trends
7.1. Application Dynamics & Market Share, 2021 & 2028
7.2. Predictive maintenance
7.3. Warranty Analytics
7.4. Traffic Management
7.5. Dealer Performance Analysis
7.6. Infotainment
7.7. Usage-Based Insurance
7.8. Road Charging

Chapter 8. Vehicle Analytics Market By End Use Insights & Trends
8.1. End Use Dynamics & Market Share, 2021 & 2028
8.2. OEMs
8.3. Service Providers
8.4. Automotive Dealers
8.5. Fleet Owners

Chapter 9. Vehicle Analytics Market By Regional Outlook
9.1. Vehicle Analytics Market share By Region, 2021 & 2028

Chapter 10. Competitive Landscape
10.1. Market Revenue Share By Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape

Chapter 11. Company Profiles

  • SAP SE
  • Genetec Inc.
  • IBM Corporation
  • CloudMade
  • Harman International
  • Inquiron Ltd.
  • Intelligent Mechatronic Systems Inc.
  • Teletrac Navman US Ltd.
  • Microsoft Corporation
  • Acerta Analytics Solutions

For more information about this report visit https://www.researchandmarkets.com/r/8f3inq

 

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