Vehicle Analytics Market Share

PORTLAND, OREGAON, UNITED STATES, November 23, 2023 /EINPresswire.com/ -- Vehicle Analytics Market Share, Size. Competitive Landscape and Trend Analysis Report by Application (Dealer Performance Analysis, Driver & User Behavior Analysis, Predictive Maintenance, Safety & Security Management, Traffic Management, and Usage-based Insurance), Deployment (On-premise and Cloud), and End User (Original Equipment Manufacturers (OEMs), Insurers, Automotive Dealers, Regulatory Bodies, and Fleet Owners): Global Opportunity Analysis and Industry Forecast, 2020-2027.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 : The global vehicle analytics market size was valued at $1.84 billion in 2019, and is projected to reach $7.27 billion by 2027, registering a CAGR of 24.3% from 2020 to 2027.

Increase in trend of connectivity solution in automotive, surge in use of cloud-based technology for smart fleet management solutions, and rise in concerns for safety & security of vehicles drive the growth of the global vehicle analytics market. On the other hand, high installation cost and several security concerns related to data communication impede the growth to some extent. However, developments in semi-autonomous and autonomous vehicles are expected to create lucrative opportunities in the industry.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 :

ARI Fleet Management Company,
Continental AG,
Genetec Inc.,
Inquiron Limited,
Inseego Corp.,
International Business Machines Corporation,
Microsoft Corporation,
Samsung Electronics Co., Ltd.,
SAP SE,
Teletrac.

The global vehicle analytics market is analyzed across application, deployment, end-user, and region. By application, the safety and security management segment accounted for more than one-fifth of the total market revenue in 2019, and is anticipated to retain its dominance during the forecast period. Simultaneously, the predictive maintenance segment would exhibit the fastest CAGR of 26.5% from 2020 to 2027.

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧 : Europe held the highest share in 2019, holding nearly one-third of the global vehicle analytics market. The market across Asia-Pacific, on the other hand, would garner the fastest of 26.7% during the forecast period. The other two regions analyzed through the report include North America and LAMEA.

𝐁𝐲 𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 : the on-premise segment contributed to more than three-fifths of the total market share in 2019, and is projected to rule the roost during the forecast period. At the same time, the cloud segment would manifest the fastest CAGR of 26.9% from 2020 to 2027.

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Several commute restrictions and weak financial performance by the market players impacted the global vehicle analytics market negatively.

However, the market is expected to recover gradually, due to rising need for connecting technology in automobiles.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :

Aviation Analytics Market : https://www.alliedmarketresearch.com/aviation-analytics-market

Automotive Telematics Market : https://www.alliedmarketresearch.com/automotive-telematics-market

U.S. Commercial Telematics Market : https://www.alliedmarketresearch.com/us-commercial-telematics-market-A10360

David Correa
Allied Market Research
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