Vehicle Analytics Market Growth Opportunities, Trends, Key Players – Analysis Report to 2023

February 17, 2021

The global vehicle analytics is growing rapidly. The market growth attributes to the increasing uptake of vehicle intelligence. Besides, increasing implementation of advanced technologies like artificial intelligence, machine learning, and predictive maintenance offering real-time data analysis drive the market growth. Moreover, rising uses of data collected by sensors and GPS tracking devices to improve traffic management escalate market demand.

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According to Market Research Future (MRFR), the global vehicle analytics market is estimated to create a valuation of approximately USD 4.3 BN by 2023, growing at 24% CAGR throughout the projected period (2017-2023). Inventions and developments of new vehicle analytics software drive the market growth, replacing the outdated technology. Also, upgrades and advances in vehicle analytics solutions accelerate the growth of the market.

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