IMARC Group, a leading market research company, has recently releases report titled “Vehicle Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global vehicle analytics market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the vehicle analytics market?
|
Report Attributes |
Details |
|
Market Size in 2022 |
US$ 2.3 Billion |
|
Market Forecast in 2028 |
US$ 9.2 Billion |
|
Growth rate (2023 to 2028) |
CAGR of 25.5% |
|
Base Year of the Analysis |
2022 |
|
Forecast Period |
2023-2028 |
What is vehicle analytics?
Vehicle analytics refers to the process of collecting, processing and analyzing data generated by vehicles to gain insights into their performance, operation, and usage. This field encompasses a broad range of data types, including vehicle speed, fuel usage, engine diagnostics, driver behavior, and GPS location. Advanced analytics tools and techniques, such as artificial intelligence and machine learning, are employed to interpret this data, providing valuable information for various stakeholders. Vehicle analytics can enhance vehicle maintenance, improve driving behavior, optimize fleet management, and contribute to the development of smarter, safer transportation systems.
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What are the growth prospects and trends in the vehicle analytics industry?
The rise of connected vehicles represents one of the key factors driving the growth of the market across the globe. The increasing prevalence of connected vehicles, equipped with advanced telematics and IoT (Internet of Things) technologies, generates vast amounts of data, which is fueling the demand for vehicle analytics to extract valuable insights. The increasing integration of artificial intelligence (AI) and machine learning (ML) in vehicle analytics enhances the ability to analyze complex data sets, which is leading to more accurate predictions and insights about vehicle performance and driver behavior.
The growing use of fleet management solutions in the logistics and transportation sectors drives the demand for vehicle analytics for efficient fleet operation, maintenance, and management. Automotive manufacturers and dealerships are using vehicle analytics to offer personalized services and experiences to customers, which is driving the market growth. With strict regulations on vehicle emissions and fuel efficiency, vehicle analytics helps manufacturers and users monitor and optimize fuel usage and emission levels. The expanding market for EVs necessitates sophisticated analytics for battery performance monitoring, range prediction, and charging behavior analysis. The development of smart cities and intelligent transportation systems incorporates vehicle analytics for traffic management, congestion control, and environmental monitoring which is facilitating the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (2017-2022)
- Market Outlook (2023-2028)
- 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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