According to the latest report by IMARC Group, titled “Vehicle Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” 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 refers to an advanced technology that tracks real-time information regarding the current state of the vehicle. It is the analysis of vehicle properties and activities utilizing data from onboard sensors that enable users to get a deeper knowledge of the vehicle and fleet even by identifying suspicious behavior. It also helps in identifying vehicle health to prevent interruptions. It further aids end-users, such as original equipment manufacturers (OEMs), fleet owners, and insurers, to acquire real-time insights from the current position of the vehicle. The platform is generally used to analyze, monitor, and enhance the performance of vehicles and drivers, which further ensures a safe driving experience.

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Global Vehicle Analytics Market Trends:

The rapid digitization across the automotive industry represents a key factor driving the market growth across the globe. In line with this, the increasing demand for connected vehicles that are equipped with several digital sensors and systems is contributing to the market growth. For instance, several new-generation electric cars are equipped with numerous telematics, internet of things (IoT) devices, and sensors for performance improvement, which is driving the market growth. The market is also driven by the increasing usage of analytics tools to keep naval, aircraft, and ground vehicles online and avoid expensive last-minute repairs.

Vehicle Analytics Market 2022-2027 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the vehicle analytics market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 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

Key Market Segmentation:

The report has segmented the vehicle analytics market on the basis of component, deployment mode, application and end user

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

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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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