Vehicle Analytics Market Surveying Report, Drivers, Scope and Analysis by 2022-2027

The IMARC Group provides extensive analysis of the vehicle analytics industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on vehicle analytics market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

Vehicle Analytics Market Overview:

The global vehicle analytics market size reached US$ 1.84 Billion in 2021. Looking forward, IMARC Group expects the market value to reach US$ 7.27 Billion by 2027, expanding at a CAGR of 25.77% during 2022-2027.  Vehicle analytics is an advanced technological solution that tracks real-time data from vehicles. It enables the user or manufacturer to gain valuable insights from real-time information about the present state of an automobile and the driving methods of the driver. It aids in performing various tasks, such as vehicle counting, tracking, speed detection, road condition inspection, incorrect direction detection, and brand detection. In recent years, vehicle analytics has gained immense traction across the globe as it assists in enhancing the efficiency and safety of drivers while improving the overall driving experience.

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Global Vehicle Analytics Market Trends:

The surging penetration of connected and autonomous vehicles represents the primary factor driving the market growth. Besides this, rapid digitization across the automotive industry is another major growth-inducing factor. Additionally, governments of various countries are promoting the adoption of vehicle analytics to obtain real-time data about traffic patterns and road conditions. This can be attributed to the growing safety concerns, such as distracted pedestrians and the rising number of bicyclists, due to the increasing congestion on city streets and sidewalks. Furthermore, there has been a significant shift toward vehicle analytics as it enables drivers to obtain information about areas with poor road conditions and bottlenecks that cause traffic delays. In line with this, the surging popularity of predictive maintenance has augmented the demand for vehicle analytics as it alerts the owner about the potential maintenance requirement before a breakdown can occur. This, in turn, helps reduce road accidents caused due to human negligence in the timely service and maintenance of vehicles. Moreover, the rising adoption of predictive analytics solutions to keep naval, aircraft, and ground vehicles online and avoid costly last-minute repairs has propelled market growth. Other factors, including the emergence of cloud-based analytics, escalating demand for usage-based insurance (UBI), increasing sales of electric vehicles (EVs), and technological advancements, are also providing a positive thrust to the market growth.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle analytics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment mode, application and end user.

Competitive Landscape:

Agnik LLC
CloudMade (Valeo)
Continental AG
Genetec Inc.IMS
Insurance & Mobility Solutions)
Inquiron
Inseego Corp International Business Machines Corporation
Microsoft Corporation
Samsung Electronics Co. Ltd
SAP SE and Teletrac Navman US Ltd

Breakup by Component:

Software
Services

Breakup by Deployment Mode:

On-premises
Cloud-based

Breakup by Application:

Dealer Performance Analysis
Driver and User Behaviour Analysis
Predictive Maintenance
Safety and Security Management
Traffic Management
Usage-based Insurance

Breakup by End User:

Original Equipment Manufacturers (OEMs)
Insurers
Automotive Dealers
Regulatory Bodies
Fleet Owners

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Ask Analyst for Customization and Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4761&flag=C

Key Highlights of the Report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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