Title: Vehicle Analytics Market Size, Growth, Statistics & Forecast Research Report 2020-2027
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2Vehicle Analytics Market
The spread of the COVID-19 pandemic has
negatively impacted the global vehicle analytics
market, owing to commute restrictions and
expected weak financial performance of the market
players in 2020. The economic impact of the
pandemic is visible with organizations preparing
strategic cost-saving plans. The global market is
expected to witness recovery from 2021 and gain
momentum in 2022 owing to increasing need for
connecting technology in automotive and growing
penetration of the autonomous vehicle.
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3Vehicle Analytics Market
The global vehicle analytics market was valued at
1,843.56 million in 2019, and is projected to
reach 7,274.51 million by 2027, registering a
CAGR of 24.3. Europe was the highest revenue
contributor, accounting for 573.72 million in
2019, and is estimated to reach 2,156.89 million
by 2027, with a CAGR of 23.6. Vehicle analytics
is a technology that tracks real-time information
from the vehicle and allows the end users,
including OEM, fleet owner, and insurer to gain
real-time insights about the current state of the
vehicle and related operating activities.
Moreover, data insights generated from vehicle
analytics solutions are the base of autonomous
mobility and vehicle to everything (V2X) as it
gives integrated inputs to operate vehicle
activities.
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4Vehicle Analytics Market
- Key Benefits For Stakeholders
- This study presents the analytical depiction of
the global vehicle analytics market analysis
along with the current trends and future
estimations to depict imminent investment
pockets. - The overall vehicle analytics market opportunity
is determined by understanding profitable trends
to gain a stronger foothold. - The report presents information related to key
drivers, restraints, and opportunities of the
market with a detailed impact analysis. - The current market is quantitatively analyzed
from 2019 to 2027 to benchmark the financial
competency. - Porters five forces analysis illustrates the
potency of the buyers and suppliers in the
vehicle analytics industry.
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5Vehicle Analytics Market
- Major Companies
- 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
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6Vehicle Analytics Market
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