Vehicle Analytics Market - Analysis and In-depth Research on Size, Trends, Emerging Growth Factors and Forecasts 2025

The global vehicle analytics market is forecasted to showcase a stellar growth in the coming years, according to Transparency Market Research (TMR). The report states that the vendor landscape is characterized with rising competitiveness between industry players. The vendors are expected to focus on acquisitions, partnerships and collaborations, to expand their geographical outreach as well as enhance their product portfolio.

A number of vendors are increasingly investing in upgrading their existing products in order to beat the competition. Some of the leading vendors in the global vehicle analytics market are Harman International Industries, Amodo, INRIX, Automotive Rentals, Inc., and SAS Institute Inc.

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The global vehicle analytics market is segmented on the basis of deployment type, end-user, application and geography. On the basis of deployment type, the market is segmented into cloud and on-premises. On-Premise deployment segment would refer to the computation that is located within the physical confines of an organization while the cloud based deployment refers to delivery of hosted services over the internet.

In 2016, the On-premises deployment type is expected to hold the major revenue share owing to their wide adoption across industry vertical. Cloud sub-segment, owing to their increasing adoption is expected to grow at a rapid pace while also capturing considerable market share during the forecast period.

On the basis of end-user, the global vehicle analytics market is segmented into Tier 1 suppliers, original equipment manufacturers (OEMs), service providers, automotive dealers, fleet owners, regulatory bodies and insurers.

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Based on the end-user, Tier 1 suppliers sub-segment is expected to hold the major share of the market, primarily their critical role as suppliers of hardware and software to other industries.

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This release was published on openPR.