Predictive Vehicle Technology Market worth $90.2 billion by 2027
                     MarketsandMarkets 
Presents
Predictive Vehicle Technology 
Market worth $90.2 billion by 2027
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hnology-market-133781237.html
 
The report "Predictive Vehicle Technology Market by Application 
(Proactive alerts, Safety & Security), Hardware (ADAS 
component, OBD and Telematics), Deployment (On premise and 
Cloud), End User, Vehicle, and Region - Global Forecast to 
2027" The global predictive vehicle technology market is projected to 
grow at a CAGR of 20.1% to reach USD 90.2 billion by 2027 from an 
estimated USD 20.8 billion in 2019. 
The major factors driving the growth of the market are the advent of 
machine learning and excessive usage of real-time data for various 
automotive applications, leveraging the use of predictive technology in 
automobiles.
Browse 42 market data Tables and 44 Figures spread 
through 127 Pages and in-depth TOC on "Predictive Vehicle 
Technology Market”
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By Deployment: Cloud is the fastest growing segment of the 
predictive vehicle technology market during the forecast period
The advent of big data and cloud computing is creating opportunities for 
organizations to move toward cloud-based deployment models. The 
cloud model is expected to be adopted at a higher rate than on-premise 
deployment in the future. Cloud deployment model makes use of the 
cloud to deliver solutions to clients. Scalability and agility of cloud-based 
technologies are contributing to the increasing adoption of cloud-based 
vehicle analytics solutions. These factors have fueled the fastest growth 
of the commercial vehicle segment.
By Vehicle Type: Commercial vehicle is expected to be the 
fastest growing segment in the predictive vehicle technology 
market
In commercial vehicles, the use of telematics systems is rising as it 
contributes to fleet safety. It mainly provides satellite navigation, GPS 
location tracking, and infotainment options. The option to monitor the 
location of a vehicle in real time is useful for informing drivers about the 
incoming traffic, vehicle accidents, weather issues, and congested 
routes. Government regulations in developed countries are supportive of 
and often mandate the inclusion of commercial telematics in new 
vehicles, helping the global commercial telematics market. 
By Region: Asia Pacific is expected to be the fastest growing region 
in the by 2027 in the predictive vehicle technology market
India, China, and South Korea, among others are supporting the inclusion of 
commercial telematics in new vehicles, helping the global commercial 
telematics market. Many European and North American OEMs are entering 
the sub-continental markets to cater to the demand for advanced telematics 
solution in the region. In addition to this, the anticipated BS VI regulation in 
India is likely to push the demand for OBD in passenger and commercial 
vehicles. These factors together are responsible for the fastest growth of the 
Asia Pacific region during the forecast period.
The major market players include Bosch (Germany), Continental (Germany), 
Valeo (France), Garrett Motion (Switzerland), Aisin Seiki (Japan), and Aptiv 
(UK), among others.
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Critical Questions:
• With the growth of predictive vehicle technology, data is becoming the 
new money. What should be the go-to-market strategies for predictive 
vehicle technology suppliers to enter the developing regions?
• How will the implementation of safety mandates impact the overall 
market?
• Who is responsible for the ownership of data generated through 
predictive vehicle technology? How is it commercialized?
• Predictive vehicle technology will be collecting huge amount of data. 
What are data security solution providers doing to protect this critical 
data?
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