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The Vehicle Analytics Market Size was valued at USD 4.20 billion in 2023, and expected to reach USD 25.87 billion by 2031, and grow at a CAGR of 25.5% over the forecast period 2024-2031.
Driven by the ever-growing presence of connected vehicles, the Vehicle Analytics Market is experiencing a surge in demand. A 2023 study revealed that 91.9% of new cars sold in the US were equipped with connectivity features, highlighting the rapid shift towards data-driven automobiles. This translates to a vast amount of real-time information being collected, including vehicle location, engine performance, and driver behaviour. Capitalizing on this data deluge, fleet management companies are witnessing a significant rise in demand for analytics solutions. According to the predictive analysis done by SNS Insider, it estimates that by 2025, over 70% of fleet operators will leverage vehicle analytics to optimize routes, reduce fuel consumption, and ensure preventative maintenance.
Government initiatives like the European Union's mandate for emergency SOS systems in all new vehicles from 2020 are further promoting the market. These regulations necessitate advanced analytics capabilities to process data from emergency calls and deploy assistance effectively. As the focus on safety and efficiency intensifies, vehicle analytics is poised to become an indispensable tool for various stakeholders in the automotive landscape.
The growing requirement for real-time analysis of data received from sensors and GPS tracking devices is a major driver
Another key element fueling the growth of the vehicle analytic market is technological advances
Use of cloud-based technology for smart fleet management systems is increasing.
The vehicle analytics market is witnessing a rise in cloud-based smart fleet management systems. This technology allows fleet managers to leverage real-time data for improved decision-making. Studies show a significant rise in adoption, with a projected growth of 17.91% in the Asia-Pacific region alone. This trend is driven by government initiatives promoting fuel efficiency and environmental sustainability. For instance, regulations mandating lower carbon emissions are pushing fleet operators towards cloud-based solutions that optimize routes and fuel consumption.
The market's growth is hampered by high installation costs and data security concerns
Growing concerns about cybersecurity could stifle market expansion
More advanced technologies are being implemented
To obtain a competitive advantage, market participants are forming strategic relationships with OEMs, insurers, and fleet operators
Semi-autonomous and autonomous vehicles are gaining popularity
One of the factors likely to boost market expansion is a rise in demand from developing countries.
Consumer demand for these vehicles is driven by a focus on safety. Technologies like automatic emergency braking and lane departure warnings are making the way for a future with fewer accidents. Additionally, studies suggest autonomous vehicles can improve fuel efficiency by up to 20%, aligning with government initiatives for sustainable transportation.
High installation costs
long-term requirements in vehicle analytic systems
The ongoing need to upgrade vehicle analytic systems
Disruptions in the supply chain, particularly for parts sourced from Ukraine and Russia, led to a significant decrease in vehicle production. LMC Automotive experienced a 400,000 unit drop in global production in 2022, a shortfall of nearly 8% from potential sales. This, coupled with rising material costs due to the war and sanctions, inflated new car prices by double digits.
Consumer demand also dipped as these price hikes coincided with increasing fuel costs and interest rates. While the exact figures are still emerging, analysts predict a potential demand decline of 5-10% in 2022, further pressuring the Vehicle Analytics market. This market relies on new vehicle sales for data collection and development, and the slowdown has hampered its growth potential.
An economic slowdown can cause intense effect within the Vehicle Analytics Market. Consumer spending on new vehicles plummets by as much as 20% during such periods, mirroring the decline witnessed in the past recession. This directly translates to a reduced demand for advanced in-vehicle features that rely on analytics, like connected car services and driver monitoring systems. Furthermore, businesses tighten their budgets, leading to a potential 15% dip in investments for fleet management solutions that utilize vehicle analytics for route optimization and fuel efficiency.
However, this slowdown can also present an opportunity. As car sales stagnate, existing vehicles stay on the road longer, creating a potential upsurge in demand for aftermarket analytics solutions that diagnose maintenance issues and extend vehicle lifespan. This can help the Vehicle Analytics Market weather the economic storm and make the way for future growth.
By Application:
Predictive Maintenance
Warranty Analytic
Usage-based Insurance
Safety and Security Management
Driver and User Behaviour Analysis
Dealer Performance Analysis
Road Charging
By Component:
Software
Services
Software, often including diagnostic tools and data visualization platforms, hold a larger market share around 60% due to its scalability and potential for recurring revenue. Services, which include data analysis and consultation, might constitute the remaining 40%, but offer higher margins due to the specialized expertise they provide.
By End user:
Original Equipment Manufacturers (OEMs)
Service Providers
Fleet Owners
Automotive Dealers
Insurers
Regulatory Bodies
The vehicle analytics market provides to a diverse range of end-users, each with distinct needs. Original Equipment Manufacturers (OEMs), holding the largest share around 31%, leverage analytics to improve vehicle design, optimize logistics, and enhance customer service. Fleet owners, the fastest-growing segment projected CAGR exceeding 26%, utilize analytics to optimize fuel efficiency, track driver behaviour, and streamline maintenance schedules.
Conversely, automotive dealers hold approximately 10% share focus on sales performance analysis, while insurers hold around 15% share employ analytics for risk assessment and usage-based insurance programs. Regulatory bodies hold approximately 8% share utilize vehicle data to monitor safety compliance and enforce emission regulations.
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By Deployment Model:
On-Premises
On-Demand
On-premises solutions reside on a company's own servers, offering greater control over data security. However, this approach requires significant upfront investment in hardware and IT expertise for maintenance. On the other hand, on-demand, or cloud-based, solutions offer scalability and remote accessibility at a lower upfront cost. This flexibility, coupled with the growing popularity of cloud services, is expected to drive significant market share. Industry forecasts predict the on-demand segment to hold around 84% of the total market value by 2031, compared to a diminishing share for on-premises solutions.
The vehicle analytics market is a scene of dynamic regional growth. While North America and Europe currently hold the dominant position, accounting for roughly 60% of the market share, a significant shift is underway. The Asia-Pacific region, driven by the expanding automotive industries in China growing at a 25% CAGR and India with 30% CAGR, is anticipated to be the fastest growing market, reaching nearly 23% of the global share by 2031. This rapid rise is driven by factors like a growing appetite for high-tech vehicles, government initiatives promoting connected car technology, and the expanding 5G network infrastructure.
Southeast Asian nations are also expected to contribute significantly, with the ASEAN bloc projected to witness a collective CAGR of 27%.
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
SAP SE (Germany), Genetec (Canada), Microsoft Corporation (US), IBM Corporation (US), Inseego (US), CloudMade (Ukraine), Agnik LLC (US), Intelligent Mechatronic Systems (Canada), Harman International Industries, Inc. (US), Teletrac Navman (US), Inquiron (US), Automotive Rentals (US), and others are among the leading players in the vehicle analytics market.
RECENT DEVELOPMENTS:
Major players like IBM [IBM] with its Maximo Asset Management solution and Microsoft with Azure Fleet Management are heavily investing in AI and ML for predictive maintenance and optimized fleet operations.
Cloud-based Analytics Platforms: Companies like Oracle with its Oracle IoT Cloud and SAP with SAP Vehicle Management are offering cloud-based platforms for collecting and analyzing vehicle data, enabling better scalability and accessibility.
Integration with Telematics and Connected Vehicles: Players like Verizon with their Verizon Connect platform and Harman [Harman] with its connected car solutions are integrating vehicle analytics with telematics data to provide a more holistic view of vehicle performance and driver behavior.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 4.20 Billion |
| Market Size by 2031 | US$ 25.87 Billion |
| CAGR | CAGR of 25.5% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | by Application (Predictive Maintenance, Warranty Analytic, Traffic Management, Usage-based Insurance, Safety and Security Management, Infotainment Driver and User Behaviour Analysis, Dealer Performance Analysis, Road Charging), by Component (Software, Services), by End user (Original Equipment Manufacturers (OEMs), Service Providers, Fleet Owners, Automotive Dealers, Insurers, Regulatory Bodies), By Deployment Model (On-Premises, On-Demand) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | SAP SE (Germany), Genetec (Canada), Microsoft Corporation (US), IBM Corporation (US), Inseego (US), CloudMade (Ukraine), Agnik LLC (US), Intelligent Mechatronic Systems (Canada), Harman International Industries, Inc. (US), Teletrac Navman (US), Inquiron (US), Automotive Rentals (US), and others are among the leading players in the vehicle analytics market. |
| Key Drivers | • The growing requirement for real-time analysis of data received from sensors and GPS tracking devices is a major driver. • Another key element fueling the growth of the vehicle analytic market is technological advances. • Use of cloud-based technology for smart fleet management systems is increasing. |
| RESTRAINTS | The market's growth is hampered by high installation costs and data security concerns. Growing concerns about cybersecurity could stifle market expansion. |
Ans:- The market size is expected to reach USD 25.87 billion by 2031.
Ans:- The global market for automotive analytics is strongly influenced by the affordability and cloud-based nature of this technology.
Ans:- By End User, the OEMs category is anticipated to gain traction throughout the projected period and dominate the worldwide Vehicle Analytics market.
Ans:- Yes.
Ans:- North American region is anticipated to be the primary driver of the market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Vehicle Analytics Market Segmentation, By Application
9.1 Introduction
9.2 Trend Analysis
9.3 Predictive Maintenance
9.4 Warranty Analytic
9.5 Traffic Management
9.6 Usage-based Insurance
9.7 Safety and Security Management
9.8 Infotainment
9.9 Driver and User Behaviour Analysis
9.10 Dealer Performance Analysis
9.11 Road Charging
10. Vehicle Analytics Market Segmentation, By Component
10.1 Introduction
10.2 Trend Analysis
10.3 Software
10.4 Services
11. Vehicle Analytics Market Segmentation, By End User
11.1 Introduction
11.2 Trend Analysis
11.3 Original Equipment Manufacturers (OEMs)
11.4 Service Providers
11.5 Fleet Owners
11.6 Automotive Dealers
11.7 Insurers
11.8 Regulatory Bodies
12. Vehicle Analytics Market Segmentation, By Deployment Model
12.1 Introduction
12.2 Trend Analysis
12.3 On Premise
12.4 On Demand
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 Trend Analysis
13.2.2 North America Vehicle Analytics Market by Country
13.2.3 North America Vehicle Analytics Market By Application
13.2.4 North America Vehicle Analytics Market By Component
13.2.5 North America Vehicle Analytics Market By End User
13.2.6 North America Vehicle Analytics Market By Deployment Model
13.2.7 USA
13.2.7.1 USA Vehicle Analytics Market By Application
13.2.7.2 USA Vehicle Analytics Market By Component
13.2.7.3 USA Vehicle Analytics Market By End User
13.2.7.4 USA Vehicle Analytics Market By Deployment Model
13.2.8 Canada
13.2.8.1 Canada Vehicle Analytics Market By Application
13.2.8.2 Canada Vehicle Analytics Market By Component
13.2.8.3 Canada Vehicle Analytics Market By End User
13.2.8.4 Canada Vehicle Analytics Market By Deployment Model
13.2.9 Mexico
13.2.9.1 Mexico Vehicle Analytics Market By Application
13.2.9.2 Mexico Vehicle Analytics Market By Component
13.2.9.3 Mexico Vehicle Analytics Market By End User
13.2.9.4 Mexico Vehicle Analytics Market By Deployment Model
13.3 Europe
13.3.1 Trend Analysis
13.3.2 Eastern Europe
13.3.2.1 Eastern Europe Vehicle Analytics Market by Country
13.3.2.2 Eastern Europe Vehicle Analytics Market By Application
13.3.2.3 Eastern Europe Vehicle Analytics Market By Component
13.3.2.4 Eastern Europe Vehicle Analytics Market By End User
13.3.2.5 Eastern Europe Vehicle Analytics Market By Deployment Model
13.3.2.6 Poland
13.3.2.6.1 Poland Vehicle Analytics Market By Application
13.3.2.6.2 Poland Vehicle Analytics Market By Component
13.3.2.6.3 Poland Vehicle Analytics Market By End User
13.3.2.6.4 Poland Vehicle Analytics Market By Deployment Model
13.3.2.7 Romania
13.3.2.7.1 Romania Vehicle Analytics Market By Application
13.3.2.7.2 Romania Vehicle Analytics Market By Component
13.3.2.7.3 Romania Vehicle Analytics Market By End User
13.3.2.7.4 Romania Vehicle Analytics Market By Deployment Model
13.3.2.8 Hungary
13.3.2.8.1 Hungary Vehicle Analytics Market By Application
13.3.2.8.2 Hungary Vehicle Analytics Market By Component
13.3.2.8.3 Hungary Vehicle Analytics Market By End User
13.3.2.8.4 Hungary Vehicle Analytics Market By Deployment Model
13.3.2.9 Turkey
13.3.2.9.1 Turkey Vehicle Analytics Market By Application
13.3.2.9.2 Turkey Vehicle Analytics Market By Component
13.3.2.9.3 Turkey Vehicle Analytics Market By End User
13.3.2.9.4 Turkey Vehicle Analytics Market By Deployment Model
13.3.2.10 Rest of Eastern Europe
13.3.2.10.1 Rest of Eastern Europe Vehicle Analytics Market By Application
13.3.2.10.2 Rest of Eastern Europe Vehicle Analytics Market By Component
13.3.2.10.3 Rest of Eastern Europe Vehicle Analytics Market By End User
13.3.2.10.4 Rest of Eastern Europe Vehicle Analytics Market By Deployment Model
13.3.3 Western Europe
13.3.3.1 Western Europe Vehicle Analytics Market by Country
13.3.3.2 Western Europe Vehicle Analytics Market By Application
13.3.3.3 Western Europe Vehicle Analytics Market By Component
13.3.3.4 Western Europe Vehicle Analytics Market By End User
13.3.3.5 Western Europe Vehicle Analytics Market By Deployment Model
13.3.3.6 Germany
13.3.3.6.1 Germany Vehicle Analytics Market By Application
13.3.3.6.2 Germany Vehicle Analytics Market By Component
13.3.3.6.3 Germany Vehicle Analytics Market By End User
13.3.3.6.4 Germany Vehicle Analytics Market By Deployment Model
13.3.3.7 France
13.3.3.7.1 France Vehicle Analytics Market By Application
13.3.3.7.2 France Vehicle Analytics Market By Component
13.3.3.7.3 France Vehicle Analytics Market By End User
13.3.3.7.4 France Vehicle Analytics Market By Deployment Model
13.3.3.8 UK
13.3.3.8.1 UK Vehicle Analytics Market By Application
13.3.3.8.2 UK Vehicle Analytics Market By Component
13.3.3.8.3 UK Vehicle Analytics Market By End User
13.3.3.8.4 UK Vehicle Analytics Market By Deployment Model
13.3.3.9 Italy
13.3.3.9.1 Italy Vehicle Analytics Market By Application
13.3.3.9.2 Italy Vehicle Analytics Market By Component
13.3.3.9.3 Italy Vehicle Analytics Market By End User
13.3.3.9.4 Italy Vehicle Analytics Market By Deployment Model
13.3.3.10 Spain
13.3.3.10.1 Spain Vehicle Analytics Market By Application
13.3.3.10.2 Spain Vehicle Analytics Market By Component
13.3.3.10.3 Spain Vehicle Analytics Market By End User
13.3.3.10.4 Spain Vehicle Analytics Market By Deployment Model
13.3.3.11 Netherlands
13.3.3.11.1 Netherlands Vehicle Analytics Market By Application
13.3.3.11.2 Netherlands Vehicle Analytics Market By Component
13.3.3.11.3 Netherlands Vehicle Analytics Market By End User
13.3.3.11.4 Netherlands Vehicle Analytics Market By Deployment Model
13.3.3.12 Switzerland
13.3.3.12.1 Switzerland Vehicle Analytics Market By Application
13.3.3.12.2 Switzerland Vehicle Analytics Market By Component
13.3.3.12.3 Switzerland Vehicle Analytics Market By End User
13.3.3.12.4 Switzerland Vehicle Analytics Market By Deployment Model
13.3.3.13 Austria
13.3.3.13.1 Austria Vehicle Analytics Market By Application
13.3.3.13.2 Austria Vehicle Analytics Market By Component
13.3.3.13.3 Austria Vehicle Analytics Market By End User
13.3.3.13.4 Austria Vehicle Analytics Market By Deployment Model
13.3.3.14 Rest of Western Europe
13.3.3.14.1 Rest of Western Europe Vehicle Analytics Market By Application
13.3.3.14.2 Rest of Western Europe Vehicle Analytics Market By Component
13.3.3.14.3 Rest of Western Europe Vehicle Analytics Market By End User
13.3.3.14.4 Rest of Western Europe Vehicle Analytics Market By Deployment Model
13.4 Asia-Pacific
13.4.1 Trend Analysis
13.4.2 Asia-Pacific Vehicle Analytics Market by Country
13.4.3 Asia-Pacific Vehicle Analytics Market By Application
13.4.4 Asia-Pacific Vehicle Analytics Market By Component
13.4.5 Asia-Pacific Vehicle Analytics Market By End User
13.4.6 Asia-Pacific Vehicle Analytics Market By Deployment Model
13.4.7 China
13.4.7.1 China Vehicle Analytics Market By Application
13.4.7.2 China Vehicle Analytics Market By Component
13.4.7.3 China Vehicle Analytics Market By End User
13.4.7.4 China Vehicle Analytics Market By Deployment Model
13.4.8 India
13.4.8.1 India Vehicle Analytics Market By Application
13.4.8.2 India Vehicle Analytics Market By Component
13.4.8.3 India Vehicle Analytics Market By End User
13.4.8.4 India Vehicle Analytics Market By Deployment Model
13.4.9 Japan
13.4.9.1 Japan Vehicle Analytics Market By Application
13.4.9.2 Japan Vehicle Analytics Market By Component
13.4.9.3 Japan Vehicle Analytics Market By End User
13.4.9.4 Japan Vehicle Analytics Market By Deployment Model
13.4.10 South Korea
13.4.10.1 South Korea Vehicle Analytics Market By Application
13.4.10.2 South Korea Vehicle Analytics Market By Component
13.4.10.3 South Korea Vehicle Analytics Market By End User
13.4.10.4 South Korea Vehicle Analytics Market By Deployment Model
13.4.11 Vietnam
13.4.11.1 Vietnam Vehicle Analytics Market By Application
13.4.11.2 Vietnam Vehicle Analytics Market By Component
13.4.11.3 Vietnam Vehicle Analytics Market By End User
13.4.11.4 Vietnam Vehicle Analytics Market By Deployment Model
13.4.12 Singapore
13.4.12.1 Singapore Vehicle Analytics Market By Application
13.4.12.2 Singapore Vehicle Analytics Market By Component
13.4.12.3 Singapore Vehicle Analytics Market By End User
13.4.12.4 Singapore Vehicle Analytics Market By Deployment Model
13.4.13 Australia
13.4.13.1 Australia Vehicle Analytics Market By Application
13.4.13.2 Australia Vehicle Analytics Market By Component
13.4.13.3 Australia Vehicle Analytics Market By End User
13.4.13.4 Australia Vehicle Analytics Market By Deployment Model
13.4.14 Rest of Asia-Pacific
13.4.14.1 Rest of Asia-Pacific Vehicle Analytics Market By Application
13.4.14.2 Rest of Asia-Pacific Vehicle Analytics Market By Component
13.4.14.3 Rest of Asia-Pacific Vehicle Analytics Market By End User
13.4.14.4 Rest of Asia-Pacific Vehicle Analytics Market By Deployment Model
13.5 Middle East & Africa
13.5.1 Trend Analysis
13.5.2 Middle East
13.5.2.1 Middle East Vehicle Analytics Market by Country
13.5.2.2 Middle East Vehicle Analytics Market By Application
13.5.2.3 Middle East Vehicle Analytics Market By Component
13.5.2.4 Middle East Vehicle Analytics Market By End User
13.5.2.5 Middle East Vehicle Analytics Market By Deployment Model
13.5.2.6 UAE
13.5.2.6.1 UAE Vehicle Analytics Market By Application
13.5.2.6.2 UAE Vehicle Analytics Market By Component
13.5.2.6.3 UAE Vehicle Analytics Market By End User
13.5.2.6.4 UAE Vehicle Analytics Market By Deployment Model
13.5.2.7 Egypt
13.5.2.7.1 Egypt Vehicle Analytics Market By Application
13.5.2.7.2 Egypt Vehicle Analytics Market By Component
13.5.2.7.3 Egypt Vehicle Analytics Market By End User
13.5.2.7.4 Egypt Vehicle Analytics Market By Deployment Model
13.5.2.8 Saudi Arabia
13.5.2.8.1 Saudi Arabia Vehicle Analytics Market By Application
13.5.2.8.2 Saudi Arabia Vehicle Analytics Market By Component
13.5.2.8.3 Saudi Arabia Vehicle Analytics Market By End User
13.5.2.8.4 Saudi Arabia Vehicle Analytics Market By Deployment Model
13.5.2.9 Qatar
13.5.2.9.1 Qatar Vehicle Analytics Market By Application
13.5.2.9.2 Qatar Vehicle Analytics Market By Component
13.5.2.9.3 Qatar Vehicle Analytics Market By End User
13.5.2.9.4 Qatar Vehicle Analytics Market By Deployment Model
13.5.2.10 Rest of Middle East
13.5.2.10.1 Rest of Middle East Vehicle Analytics Market By Application
13.5.2.10.2 Rest of Middle East Vehicle Analytics Market By Component
13.5.2.10.3 Rest of Middle East Vehicle Analytics Market By End User
13.5.2.10.4 Rest of Middle East Vehicle Analytics Market By Deployment Model
13.5.3 Africa
13.5.3.1 Africa Vehicle Analytics Market by Country
13.5.3.2 Africa Vehicle Analytics Market By Application
13.5.3.3 Africa Vehicle Analytics Market By Component
13.5.3.4 Africa Vehicle Analytics Market By End User
13.5.3.5 Africa Vehicle Analytics Market By Deployment Model
13.5.3.6 Nigeria
13.5.3.6.1 Nigeria Vehicle Analytics Market By Application
13.5.3.6.2 Nigeria Vehicle Analytics Market By Component
13.5.3.6.3 Nigeria Vehicle Analytics Market By End User
13.5.3.6.4 Nigeria Vehicle Analytics Market By Deployment Model
13.5.3.7 South Africa
13.5.3.7.1 South Africa Vehicle Analytics Market By Application
13.5.3.7.2 South Africa Vehicle Analytics Market By Component
13.5.3.7.3 South Africa Vehicle Analytics Market By End User
13.5.3.7.4 South Africa Vehicle Analytics Market By Deployment Model
13.5.3.8 Rest of Africa
13.5.3.8.1 Rest of Africa Vehicle Analytics Market By Application
13.5.3.8.2 Rest of Africa Vehicle Analytics Market By Component
13.5.3.8.3 Rest of Africa Vehicle Analytics Market By End User
13.5.3.8.4 Rest of Africa Vehicle Analytics Market By Deployment Model
13.6 Latin America
13.6.1 Trend Analysis
13.6.2 Latin America Vehicle Analytics Market by country
13.6.3 Latin America Vehicle Analytics Market By Application
13.6.4 Latin America Vehicle Analytics Market By Component
13.6.5 Latin America Vehicle Analytics Market By End User
13.6.6 Latin America Vehicle Analytics Market By Deployment Model
13.6.7 Brazil
13.6.7.1 Brazil Vehicle Analytics Market By Application
13.6.7.2 Brazil Vehicle Analytics Market By Component
13.6.7.3 Brazil Vehicle Analytics Market By End User
13.6.7.4 Brazil Vehicle Analytics Market By Deployment Model
13.6.8 Argentina
13.6.8.1 Argentina Vehicle Analytics Market By Application
13.6.8.2 Argentina Vehicle Analytics Market By Component
13.6.8.3 Argentina Vehicle Analytics Market By End User
13.6.8.4 Argentina Vehicle Analytics Market By Deployment Model
13.6.9 Colombia
13.6.9.1 Colombia Vehicle Analytics Market By Application
13.6.9.2 Colombia Vehicle Analytics Market By Component
13.6.9.3 Colombia Vehicle Analytics Market By End User
13.6.9.4 Colombia Vehicle Analytics Market By Deployment Model
13.6.10 Rest of Latin America
13.6.10.1 Rest of Latin America Vehicle Analytics Market By Application
13.6.10.2 Rest of Latin America Vehicle Analytics Market By Component
13.6.10.3 Rest of Latin America Vehicle Analytics Market By End User
13.6.10.4 Rest of Latin America Vehicle Analytics Market By Deployment Model
14. Company Profiles
14.1 SAP SE (Germany),
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Genetec (Canada),
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Microsoft Corporation (US)
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 IBM
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 Inseego (US),
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 CloudMade (Ukraine),
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 Agnik LLC (US),
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Intelligent Mechatronic Systems (Canada),
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 Harman International Industries, Inc. (US),
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Others
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Keyless Entry Systems Market Size was valued at USD 1.98 billion in 2023 and is expected to reach USD 4.78 billion by 2031 and grow at a CAGR of 9.92% over the forecast period 2024-2031.
The Automotive Robotics Market Size was valued at USD 9.56 billion in 2023 & will reach USD 24.70 billion by 2031 and grow at a CAGR of 12.6% by 2024-2031
The Quadricycle Market size was estimated at USD 20.38 Billion in 2023 and is expected to reach USD 35.37 Billion by 2032 at a CAGR of 6.33% during the forecast period of 2024-2032.
The Internal Combustion Engine (ICE) Market demand size was recorded at USD 113 Bn by 2023 and is expected to reach USD 268.8 Bn during 2032, growing at a CAGR of 10.1% over the forecast period 2024-2032.
The Automotive Center Stack Market is expected to grow at a CAGR of 6.8% over the forecast period of 2023-2030.
The Mini Tractors Market size was valued at USD 8.62 billion in 2023 and is expected to reach USD 12.57 billion by 2032, with a growing at CAGR of 4.33% over the forecast period 2024-2032.
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