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 share, size, 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?
The global vehicle analytics market size reached US$ 2.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.2 Billion by 2028, exhibiting a growth rate (CAGR) of 25.5% during 2023-2028.
What is vehicle analytics?
Vehicle analytics is a domain that focuses on the detailed analysis of vehicular data to extract actionable insights related to performance, efficiency, safety, and other key metrics. This involves the real-time monitoring and subsequent evaluation of data gathered from various vehicle sensors, telematics devices, and other connected technologies. Features such as predictive maintenance alerts, driving behavior analysis, and route optimization are commonly found in vehicle analytics platforms, employing cutting-edge technologies like machine learning, big data, and the Internet of Things (IoT) to deliver nuanced findings.
What are the growth prospects and trends in the vehicle analytics industry?
The growing necessity for efficient fleet management and the increased emphasis on vehicle safety and fuel efficiency represent one of the key factors propelling the growth of the vehicle analytics market. Additionally, advancements in connected vehicle technologies and the boosting data analytics sector are serving as major catalysts for market expansion. The surge in demand for electric and autonomous vehicles has elevated the need for sophisticated analytics solutions to ensure optimal performance and safety, thereby boosting the market growth. Moreover, the realization of the potential costs and inefficiencies associated with vehicle downtimes or accidents has led to heightened awareness and demand for predictive and real-time analytics solutions.
Request PDF Sample of the Report: https://www.imarcgroup.com/vehicle-analytics-market/requestsample
In line with this, organizations aim to improve operational efficiencies and minimize risks, they are increasingly incorporating robust vehicle analytics platforms, thus contributing to market growth. Alongside this, the evolution of smart transportation solutions and the integration of advanced technologies like artificial intelligence and cloud computing are enhancing the capabilities of vehicle analytics solutions, offering quicker and more accurate insights. Furthermore, government initiatives aimed at modernizing transportation infrastructure, as well as policies promoting vehicular safety and environmental sustainability, are creating a positive market outlook globally.
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
Ask Analyst for Customized Report: https://www.imarcgroup.com/request?type=report&id=4761&flag=E
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Address: 134 N 4th St
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com