Latin America Vehicle Analytics Market Size & Outlook
The vehicle analytics market in Latin America is expected to reach a projected revenue of US$ 847.4 million by 2030. A compound annual growth rate of 24.1% is expected of Latin America vehicle analytics market from 2024 to 2030.
Revenue, 2023 (US$M)
$186.4
Forecast, 2030 (US$M)
$847.4
CAGR, 2024 - 2030
24.1%
Report Coverage
Latin America
Latin America vehicle analytics market, 2018-2030 (US$M)
Latin America vehicle analytics market highlights
- The Latin America vehicle analytics market generated a revenue of USD 186.4 million in 2023.
- The market is expected to grow at a CAGR of 24.1% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 186.4 million |
| Market revenue in 2030 | USD 847.4 million |
| Growth rate | 24.1% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
| Key market players worldwide | Harman International, International Business Machines Corp, Microsoft Corp, SAP SE |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.3% of the global vehicle analytics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,700.5 million by 2030.
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Vehicle Analytics Market Scope
Vehicle analytics market segmentation & scope
Deployment
Cloud
On-premises
Application
Predictive Maintenance
Traffic Management
Safety & Security Management
Driver & User Behavior Analysis
Dealer Performance Analysis
Usage-Based Insurance
Others
End Use
Original Equipment Manufacturers (OEMs)
Automotive Dealers
Fleet Owners
Regulatory Bodies
Insurers
Service Providers
Vehicle Analytics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Related industry reports
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