Showing posts with the label vehicle analytics market share

Vehicle Analytics Market: APAC Region Expected to Witness Rapid Growth

Introduction Vehicle analytics helps to gather real-time information about the vehicle by using real-time data analytics and streaming. Predictive tire servicing solutions help in automatically scheduling in tire maintenance and replacement. Other technologies such as gesture recognition, computer vision, sensors, and AI have made driver performance analysis very easy and helps in taking a well-informed decision based on the derived data insights. Drivers and restraints of Vehicle Analytics Market According to industry research conducted by Knowledge Sourcing Intelligence, advancement in technology such as machine learning, artificial intelligence, and predictive maintenance for fleet management is one of the major drivers of the vehicle analytics market. The rising use of GPS tracking devices across the transportation and logistics industry is significantly boosting the demand for vehicle analytics solutions globally. Increasing investments in R&D by automakers to dev

Vehicle Analytics Market: Market Analysis By Knowledge Source Intelligence

Introduction The vehicle analytics market is predicted to witness a compound annual decent growth rate during the forecast period (2018-2024).  Geographically, Europe is expected to hold the largest market share of 47.12 percent followed by North America having a market share of 30.63 percent. While the Asia Pacific is expected to be the fastest-growing market growing at a significant growth rate. China and Japan are expected to hold a significant market share in the APAC region with Australia to be the fastest-growing vehicle analytics market.                           Advancements in technology and growing partnerships, collaborations, and joint agreements among organizations for advanced analytics in automobiles are further providing an opportunity for the growth of global vehicle analytics the market in the upcoming years.  However, growing cybersecurity concerns for connected cars may restrain the market growth in the forecast period. Vehicle Analytics Market By Offe