The global vehicle analytics market size was US$ 2.5 billion in 2021. The global vehicle analytics market is forecast to grow to US$ 24.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 21% during the forecast period from 2022 to 2030.
Vehicle analytics is the method of obtaining real-time data from the vehicle. As a result, it allows end-users, OEM, insurers, fleet owners, etc., to have real-time information related to the current state of the vehicle.

Factors Influencing the Market
The rising demand for usage-based insurance policies will primarily drive the growth of the global vehicle analytics market. Further, growing awareness about the benefits of real-time, in-depth analysis related to behavior and more precise payment methods will contribute to the growth of the market.
Growing digitization will also escalate the growth of the global vehicle analytics market. Moreover, the rising adoption of vehicles is developing massive volumes of data in seconds, which is also increasing the demand for superior services from end-users. Thus, it will benefit the global vehicle analytics market.
On the contrary, the rising unemployment rate may limit the growth of the market during the study period.

COVID-19 Impact Analysis
The COVID-19 outbreak in 2019 brought challenges associated with economic growth, employment, etc. Various sectors, including aircraft, hospitality, automobile, etc., witnessed a range of problems due to event restrictions. Further, the spread of the COVID-19 pandemic has negatively affected the global vehicle analytics market due to high commute restrictions, which restricted the demand for other luxury products and services. Thus, it negatively affected the global vehicle analytics market.

Regional Analysis
North America is forecast to dominate the vehicle analytics market during the forecast period in terms of revenue. It is attributable to the overall preference and enthusiasm observed in the general population related to advanced technologies, such as analytics in vehicles. Furthermore, the rapidly growing presence of various industry players in the region, such as Inseego Corp., Microsoft Corporation, etc., will influence the growth of the market in North America.
The Asia-Pacific vehicle analytics market is forecast to record a substantial growth rate, owing to the rising awareness related to advanced technologies in the region. Further, the region is also growing in terms of population, which will substantially benefit the vehicle analytics market during the study period.

Competitors in the Market
Samsung Electronics Co. Ltd.
ARI Fleet Management Company
Continental AG
Genetec Inc., Inquiron Limited
Inseego Corp.
International Business Machines Corporation
Microsoft Corporation
HARMAN International
Amodo
Digital Recognition Network
SAP SE
Teletrac.
Other prominent players

Market Segmentation
The global vehicle analytics market segmentation focuses on Application, End-User, Deployment, and Region.
By Application
Dealer Performance Analysis
Driver & User Behavior Analysis
Predictive Maintenance and
Others
By End-user
Original Equipment Manufacturers (OEMs)
Insurers
Automotive Dealers
Others
By Deployment
On-premise
Cloud
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America