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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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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