Huge Demand for Vehicle Analytics Industry 2021

The Vehicle Analytics market will register a 27.7% CAGR in terms of revenue, the global market size will reach US$ 4972.7 million by 2025.

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The vehicle analytics market size is expected to grow from USD 930.0 Million in 2016 to USD 3,637.4 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 26.5%. The base year considered for this report is 2016 and the forecast period is 2017–2022.

The main objective of this report is to define, describe, and forecast the global vehicle analytics market on the basis of applications, components, deployment models, end-users, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the vehicle analytics market.