Vehicle Analytics Market Analysis 2024-2030: Projected to Reach USD 11.17 Billion by 2030

Vehicle Analytics Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the "Vehicle Analytics Market". The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Vehicle Analytics market by thorough analysis, and projections are made up to 2030.

Vehicle analytics is a cutting-edge technology that includes elements like vehicle counting and direction detection that enables users and manufacturers to derive real-time information from the present state of their cars. This technology gives consumers useful data regarding the condition of their cars as well as insights into their driving patterns.

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Market Growth Estimate:

The Global Vehicle Analytics Market size was valued at USD 2.66 Billion in 2023 and the total Global Vehicle Analytics Market revenue is expected to grow at a CAGR of 23% from 2024-2030, reaching nearly USD 11.17 Billion.

Vehicle Analytics Market Scope and Methodology:

The market research report Vehicle Analytics market offers thorough information on significant aspects, such as those that are expected to propel the industry's growth and upcoming challenges. The competitive landscape of the business, the goods promoted by well-known brands, and the investment possibilities in the Vehicle Analytics market will all be clearly understood by stakeholders. The study looks at both the qualitative and quantitative components of the industry. An exhaustive examination of the competitors in the Vehicle Analytics market is one of the things the MMR probe looks into.

Growing Need in the Automotive Sector for Connectivity Solutions

Vehicle analytics is growing as a result of the market's increased use of connected vehicles, which is made possible by the integration of data exchange in cars, which gives drivers internet access to a variety of devices both inside and outside the vehicle. In addition to providing unique customer experiences, connected cars save costs and increase income for mobility firms such as suppliers, fleet managers, insurance providers, dealers, OEMs, and suppliers. Government agencies are also leading the way in the automotive industry when it comes to connection solutions by funding and endorsing the group's initiatives, which are projected to sustain the expansion of the vehicle analytics market throughout the course of the forecast year.

Trends in the Global Vehicle Analytics Market:

Dedicated Short-Range Communication (DSRC) technology improves traffic efficiency and reduces congestion by enabling innovative mobility deployments like vehicle platooning and cooperative cruise control. The adoption of mobility in vehicles is an emerging trend in the vehicle analytics market and is expected to increase the market growth during the forecast period. This is because coordination between the vehicles and infrastructure will decrease wasteful breaking and halting at intersections, which results in lower fuel consumption and emissions.

Vehicle Analytics Market Segmentation

by Component

Software
Services
Professional Services
Deployment and Integration
Support and Maintenance
Consulting Service
Managed Services

by End User

Original Equipment Manufacturers
Service Providers
Automotive Dealers
Fleet Owners
Regulatory Bodies
Insures

With the largest market share, the Original Equipment Manufacturer (OEM) category is leading the worldwide vehicle analytics market based on End-User. The market segment is expanding as a result of the original equipment manufacturers' adoption of automotive data analytics to improve the driving experience and product offers. The OEM market is predicted to increase at a faster rate throughout the projection period as a result of the automakers' competition to provide cutting-edge services like predictive maintenance, road safety features, and personalized driving experiences.

by Deployment Model

On-Premises
On-Demand

by Application

Predictive Maintenance
Warranty Analytics
Traffic Management
Safety and Security Management
Driver and User Behavior Analysis
Dealer Performance Analysis
Infotainment
Usage-Based Insurance
Road Charging

According to the Application, Predictive Management is currently firmly in the lead in the worldwide automotive analytics market and is projected to develop at a compound annual growth rate (CAGR) of 25.3% through 2030. Advanced analytics uses predictive maintenance to identify possible vehicle malfunctions and problems before they happen. Vehicle performance and dependability are raised as a result of predictive maintenance, which streamlines the entire servicing process. Consequently, the market for vehicle analytics is dominated by the predictive maintenance category. Furthermore, the market for vehicle analytics is seeing a surge in the predictive management segment due to the growing popularity of connected vehicles.

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Vehicle Analytics Market Regional Insights

Understanding the complex dynamics of the Vehicle Analytics market requires a thorough grasp of regional perspectives. North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa make up the many regions that make up the Vehicle Analytics market. The research provides a thorough analysis of the variables, market size, growth rate, and import and export activity in each region. The Vehicle Analytics market's current state in each of the report's listed countries is shown in the Regional Analysis section.

Vehicle Analytics Market Key Players

North America
1. Agnik LLC (U.S)
2. Automotive Rentals (U.S)
3. INRIX (U.S)
4. SAS Institute (U.S)
5. Teletrac Navman (U.S)
6. Xevo Inc (U.S)
7. Harman International Industries Inc (U.S)
8. Genetec Inc (Canada)
9. Microsoft (U.S)
10. IBM (U.S)
11. Inseego Corp (U.S)
12. WEX Inc (U.S)
13. PROCON ANALYTICS (U.S)
14. IMS Software Inc (U.S)
15. The Infinova Group (U.S)
Europe
1. SAP (Germany)
2. Inquiron (U.K)
3. Cloudmade(U.K)
Asia-Pacific
1. Amodo (Japan)
2. Coatex Industries (India)

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Key questions answered in the Vehicle Analytics Market are:

What is Vehicle Analytics?
What was the Vehicle Analytics market size in 2023?
What will be the CAGR at which the Vehicle Analytics market will grow?
What is the growth rate of the Vehicle Analytics Market?
Which are the factors expected to drive the Vehicle Analytics market growth?
What are the different segments of the Vehicle Analytics Market?
What growth strategies are the players considering to increase their presence in Vehicle Analytics?
What are the upcoming industry applications and trends for the Vehicle Analytics Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Vehicle Analytics Market?
Who are the leading companies and what are their portfolios in Vehicle Analytics Market?
What segments are covered in the Vehicle Analytics Market?
Key Offerings:

Past Market Size and Competitive Landscape
Past Pricing and price curve by region
Market Size, Share, Size & Forecast by different segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
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