Albany, NY -- (SBWIRE) -- 06/04/2018 -- 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.

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The significance of vehicle analytics is likely to be realized with the mounting need for automation, fleet and mobility management. Manufacturers are increasingly integrating advanced vehicular technology in their products, thus enabling transport service providers to enhance operational efficiency, and provide improved customer service while offering sustainability. Vehicle analytics empowers advanced analytics and helps in managing and streamlining different operational procedures.

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The coming years are expected to be a host to all kinds of cloud services and platforms, and the automotive industry is also slated to witness the proliferation of cloud and related services in the coming years. Cloud connectivity promises better route mapping, traffic management, and effective transport parameters.

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The automotive industry is likely to benefit from the introduction of cloud technology with more streamlined processes, lowered accidental situations, real time tracking, traffic and predictive analytics, turning the need for safe, pragmatic autonomous vehicles a reality. This is a significant factor fuelling the growth of the global vehicle analytics market.