Vehicle Analytics Global Market Report 2022: Market is Expected to Grow to $6.11 Billion in 2026 at a CAGR of 23.1% - Long-term Forecast to 2031 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Vehicle Analytics Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

The global vehicle analytics market is expected to grow from $2.17 billion in 2021 to $2.66 billion in 2022 at a compound annual growth rate (CAGR) of 22.4%. The vehicle analytics market is expected to grow to $6.11 billion in 2026 at a CAGR of 23.1%.

Major players in the vehicle analytics market are SAP SE, IBM Corporation, Microsoft Corporation, Genetec Inc., Cloud Made Ltd., Harman International Industries Inc., Teletrac Navman, Agnik LLC, Pivotal Software Inc., SAS Institute, Acerta Systems Analytics Inc., Amodo Ltd., INRIX, Inseego Corp., ARI Fleet Management Company, and Continental AG.

The vehicle analytics market consists of the sale of vehicle analytics software and related services by entities (organizations, sole traders, and partnerships) that are used to track real-time information from the vehicles and gain real-time insights about the current state of the vehicle and related operating activities. Vehicles analytics is an analytical technique that also provides road condition inspection, information related to vehicle counting, tracking, speed detection, incorrect direction detection, and brand detection.

The main components of vehicle analytics are software and services. The vehicle analytics software consists of a set of programs that are used to analyze the data and information collected from smart vehicles. The vehicle analytics are deployed on-premises and on-demand.

It is used in applications such as predictive maintenance, warranty analytics, traffic management, safety and security management, driver and user behavior analysis, dealer performance analysis, infotainment, usage-based insurance, and road charging. The end-users of vehicle analytics include original equipment manufacturers (OEMs), service providers, automotive dealers, fleet owners, regulatory bodies, and insurers.

North America was the largest region in the vehicle analytics market in 2021. The Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The vehicle analytics market research report is one of a series of new reports that provides vehicle analytics market statistics, including vehicle analytics industry global market size, regional shares, competitors with a vehicle analytics market share, detailed vehicle analytics market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle analytics industry. This vehicle analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The growing dominance of connected vehicles is significantly contributing to the growth of the vehicle analytics market. Connected vehicles are the type of vehicles that are capable of connecting to nearby devices to communicate over networks. Growing connected vehicles are resulting in the rising need for vehicle analytics to offer various features such as warranty analytics, predictive maintenance, dealer performance analysis, and others.

For instance, according to Connected Vehicle Trend Radar, a global study by Capgemini, a France-based information technology company, the number of connected cars is predicted to reach 352 million by end of 2023. Therefore, the growing dominance of connected vehicles expected to promote the growth of the vehicle analytics market.

Technological advancements are shaping the vehicle analytics market. Artificial intelligence and machine learning technologies in vehicle analytics provide enhanced and faster decision-making and predict vehicle health and driving habits. The major players in the market are launching advanced technologies to provide real-time feedback to drivers.

In February 2021, Continental AG, a Germany-based automotive parts manufacturing company acquired a minority stake in Recogni for an undisclosed amount. Through this acquisition, Continental is working on new chip architecture for real-time object recognition based on artificial intelligence. Recogni is a Germany-based start-up that designs an AI-powered vision recognition module for autonomous vehicles.

Key Topics Covered:

1. Executive Summary

2. Vehicle Analytics Market Characteristics

3. Vehicle Analytics Market Trends And Strategies

4. Impact Of COVID-19 On Vehicle Analytics

5. Vehicle Analytics Market Size And Growth

5.1. Global Vehicle Analytics Historic Market, 2016-2021, $ Billion

5.1.1. Drivers Of The Market

5.1.2. Restraints On The Market

5.2. Global Vehicle Analytics Forecast Market, 2021-2026F, 2031F, $ Billion

5.2.1. Drivers Of The Market

5.2.2. Restraints On the Market

6. Vehicle Analytics Market Segmentation

6.1. Global Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Software
• Services

6.2. Global Vehicle Analytics Market, Segmentation By Deployment Model, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• On Premises
• On Demand

6.3. Global Vehicle Analytics Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Predictive Maintenance
• Warranty Analytics
• Traffic Management
• Safety And Security Management
• Driver And User Behaviour Analysis
• Dealer Performance Analysis
• Infotainment
• Usage Based Insurance
• Road Charging

6.4. Global Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

• Original Equipment Manufacturers
• Service Providers
• Automotive Dealers
• Fleet Owners
• Regulatory Bodies
• Insurers

7. Vehicle Analytics Market Regional And Country Analysis

7.1. Global Vehicle Analytics Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

7.2. Global Vehicle Analytics Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/curayo