Press release
Vehicle Analytics Market Size, Share, Trends, Growth Outlook 2023-2032| AP SE, IBM Corporation, Microsoft Corporation, Genetec Inc., Cloud Made Ltd.
Vehicle Analytics Market Outlook
The Business Research Company's Vehicle Analytics Global Market Report 2023 identifies The growing dominance of connected vehicles as the major driver for the vehicle analytics market's growth in the forecast period. Connected vehicles are the type of vehicles that are capable of connecting to nearby devices to communicate over networks. Growing connected vehicles are resulting in the rising need for vehicle analytics to offer various features such as warranty analytics, predictive maintenance, dealer performance analysis, and others.
The global vehicle analytics market size will grow from $2.66 billion in 2022 to $3.28 billion in 2023 at a compound annual growth rate (CAGR) of 23.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the vehicle analytics is expected to grow to $7.37 billion in 2027 at a CAGR of 22.5%.
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Major competitors in the vehicle analytics market are AP SE, IBM Corporation, Microsoft Corporation, Genetec Inc., Cloud Made Ltd., Harman International Industries Inc., Teletrac Navman, Agnik LLC, Pivotal Software Inc., SAS Institute, Acerta Systems Analytics Inc., Amodo Ltd., INRIX, Inseego Corp., ARI Fleet Management Company, and Continental AG.
A key trend in the vehicle analytics market includes technological advancement. Artificial intelligence and machine learning technologies in vehicle analytics provide enhanced and faster decision-making and predict vehicle health and driving habits. The major players in the market are launching advanced technologies to provide real-time feedback to drivers. For instance, in September 2021, Maruti Suzuki India Limited, an India-based automobile manufacturer, introduced S-Assist, an artificial intelligence-based virtual car assistant application. The S-Assist app provides multi-media content such as video and workshop assistance, easy navigation, and information on warning signs using artificial intelligence and machine learning capabilities which enhance the driving experience by bring real-time information to their smartphones.
Read More On The Global Vehicle Analytics Market Report Here:
https://www.thebusinessresearchcompany.com/report/vehicle-analytics-global-market-report
The vehicle analytics market is segmented -
• By Component: Software, Services
• By Deployment Model: On-Premises, On-Demand
• By Application: Predictive Maintenance, Warranty Analytics, Traffic Management, Safety And Security Management, Driver And User Behaviour Analysis, Dealer Performance Analysis, Infotainment, Usage-Based Insurance, Road Charging
• By End-User: Original Equipment Manufacturers (OEMs), Service Providers, Automotive Dealers, Fleet Owners, Regulatory Bodies, Insurers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vehicle analytics market.
The Business Research Company's "Global Vehicle Analytics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Vehicle Analytics Market Include:
1. Executive Summary
2. Vehicle Analytics Market Characteristics
3. Vehicle Analytics Market Trends And Strategies
4. Vehicle Analytics Market - Macro Economic Scenario
5. Vehicle Analytics Market Size And Growth
……
26. Africa Vehicle Analytics Market
27. Vehicle Analytics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vehicle Analytics Market
29. Vehicle Analytics Market Future Outlook and Potential Analysis
30. Appendix
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