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(MoneyNewsWire.Net, August 22, 2017 ) The prognostic system predicts the failure time for the component or system. Here, failure represents the point at which system can no longer be used to meet desired performance. Hence, the prognostic system informs the user of the remaining useful life (RUL) of the component. The market encompasses commercial vehicles, which have some type of prognostic applications, across the world. The global commercial vehicle prognostic system market is concentrated with top firms accounting for the maximum portion, particularly focused on the aftermarket. Additionally, the prognostic system market is at a nascent stage. However, growing demand for the prognostic system owing to its benefit of higher reliability and cost saving in developed regions like North America and Europe is allowing software and data analytics companies to enter the market.
Companies Mentioned:
Open Text, National Instruments, OnStar, Pivotal Software, Hortonworks, DataRPM, iJet Technologies, Lochbridge, Omnitracs, Ridgetop Group, Telogis, Teletrac Navman, and Trimble.
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Covered in this report
The report covers the present scenario and the growth prospects of the global commercial vehicle prognostic systems market for 2017-2021. To calculate the market size, the report considers the volume of commercial vehicles having prognostic application.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Research report, Global Commercial Vehicle Prognostic Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Open Text
National Instruments
OnStar
Pivotal Software
Hortonworks
Other prominent vendors
DataRPM
iJet Technologies
Lochbridge
Omnitracs
Ridgetop Group
Telogis
Teletrac Navman
Trimble
Market driver
Rising cost pressure on fleet operators pushing adoption of cost optimization strategies
For a full, detailed list, view our report
Market challenge
Fleet tracking has become a costly affair, putting pressure on prognostic system adoption
For a full, detailed list, view our report
Market trend
Growing usage of advanced analytics on telematics data to reduce risk severity
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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