SAN FRANCISCO , June 23, 2022 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Vehicle Analytics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What's New for 2022?
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Edition: 9; Released: January 2022
Executive Pool: 13306
Companies: 42 - Players covered include Agnik LLC; Automotive Rentals, Inc. (ARI); CloudMade Deutschland GmbH; Genetec, Inc.; HARMAN International; IBM Corporation; Inquiron; Inseego Corporation; Intelligent Mechatronic Systems, Inc.; Microsoft Corporation; SAP SE; Teletrac Navman and Others.
Coverage: All major geographies and key segments
Segments: Component (Software, Services); Deployment (On-Premises, On-Demand); End-Use (Original Equipment Manufacturers (OEMs), Service Providers, Automotive Dealers, Fleet Owners, Other End-Uses)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Vehicle Analytics Market to Reach $6.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Vehicle Analytics estimated at US$1.7 Billion, is projected to reach a revised size of US$6.2 Billion by 2026, growing at a CAGR of 23.5% over the analysis period. Software, one of the segments analyzed in the report, is projected to record a 24.2% CAGR and reach US$3.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 22.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $663.2 Million in 2021, While China is Forecast to Reach $1.1 Billion by 2026
The Vehicle Analytics market in the U.S. is estimated at US$663.2 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2026 trailing a CAGR of 22.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.2% and 19.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.4% CAGR. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.