Automotive data management market size to reach USD 4.807 billion by 2030

Keen Research and Consulting

Keen Research and Consulting

Acumen Research and Consulting recently released the report titled “Automotive Data Management Market – Global Industry Analysis, Market Size, Opportunities and Forecasts, 2022-2030”.

NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) — Global Automotive data management market size It is expected to grow at a CAGR of over 20.5% during the forecast period, reaching a market value of approximately USD 4.807 billion by 2030.

In the automotive industry, data analysis is becoming more and more important. Analytics and valuation solutions for data management systems will become more prominent as OEMs come up with innovative autonomous models. As technology advances in the automotive industry, the demand for connected cars is also increasing, as is the need for data management systems to analyze and capture user behavior, as well as analyze and understand customer needs. Previously limited to marketing and sales, data analytics is now being used in product development, industrial processes, logistics and aftermarket solutions. However, the growing use of connected vehicles is increasing the need for automotive data management. The increasing use of embedded sensors in autonomous vehicles is driving the automotive data management market forward.

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The automotive industry is undergoing a profound transformation due to the development of technologies such as the Internet of Things and 5G, with the goal of changing the driving experience. To increase productivity and company growth, automakers are integrating Industry 4.0 concepts into production, design and supply chain management. There is also a general shift away from internal combustion engines to alternative forms of transmission, such as electric, hybrid and hydrogen fuel cells. Data is critical to enabling transformation in the automotive industry. Upgrading the automotive industry, data management technologies help analyze customer and user behavior to improve overall driving performance and maintain vehicle condition.

Report Scope

market

Automotive Data Management Market

Market size in 2021

$920 million

2028 Market Forecast

$4.807 billion

compound annual growth rate

20.5% during 2022-2030

Analysis period

2018-2030

base year

2021

forecast data

2022-2030

Market segments covered

By component, by data type, by vehicle type, by deployment, by application and by geography

geographic range

North America, Europe, Asia Pacific, Latin America, Middle East and Africa

Key Company Profile

Acerta Analytics Solutions, Inc., Caruso GmbH, AMO Foundation, Amodo Doo, Amazon Web Services, Inc., IBM Corporation, ETL Solutions Limited, SAP SE, Teradata Corporation, Otonomo Technologies Ltd., National Instruments Corporation, and Sibros Technologies, Inc. .

Report Scope

Market Trends, Drivers, Restraining Factors, Competitive Analysis, Player Analysis, Regulatory Analysis

Custom range

10 hours Free customization Consult with an expert

Global Automotive Data Management Market Growth Aspects

The automotive industry faces intense competition and requires new developments to remain competitive. To maintain a competitive edge, businesses must regularly upgrade. The automotive business data management system allows automotive companies to stay one step ahead of the competition. It helps automakers and consumers improve operational efficiency and productivity. Companies in this industry are focusing on improving operational performance by implementing innovative technologies to monitor day-to-day activities. Data management and analytics tools are a key opportunity for manufacturers to use qualitative methods to assist in intervention planning across the customer lifecycle. All data is collected and processed centrally in order to specify which technology performs best in a given situation. This enables businesses to optimize equipment usage and avoid delays. Hence, the drive for businesses to improve operational efficiency is expected to drive the growth of automotive data management systems in the automotive industry.

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Advances in automotive technology are expected to drive the market

The increased demand for built-in informatics and telematics in cars has led to technological advancements aimed at improving the entire in-car experience for passengers and drivers. With connected vehicles, ubiquitous built-in cellular connectivity offers new opportunities to educate and engage drivers and serve them throughout the vehicle’s existence. As software defines more and more vehicle tasks, the ability to upgrade software OTA (over the air) makes integrated cellular connectivity a critical way to maintain vehicle safety and relevance throughout the vehicle lifecycle. Over the next five years, this connectivity will transform from enabling a better customer experience to providing essential, mission-critical capabilities for personal mobility.

Regional overview

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are the regional classifications of the global automotive data management market. North America is expected to account for the majority of the global automotive data management market during the forecast period owing to the presence of numerous car manufacturers and widespread implementation of lean analytics and deep learning, indicating the potential growth of the automotive data management market in the region. Europe is expected to grow in the future It has become the second largest market in the automotive data management industry in a few years. Europe’s share of the global automotive data management market is expected to grow exponentially owing to increasing automotive production, advancements in automotive electronics layout, connected car, V2V and V2I innovations, and expansion of major OEMs. Europe is the largest contributor to the connected car market. Provided by BMW, Daimler, Jaguar Land Rover, Volkswagen Group and many other technology OEMs, mainly engaged in advanced driver assistance systems, navigation, in-vehicle entertainment, car networking and other fields. has grown rapidly over the past decade. Market players are developing advanced and innovative automotive data management products and services for customers.

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market segmentation

Acumen Research and Consulting has segmented the global automotive data management market based on component, data type, vehicle type, deployment, and application. On the basis of components, the market is segmented into software and services. Based on data type, the market is segmented into unstructured, semi-structured, and structured. On the basis of vehicle type, the market is segmented into non-autonomous and autonomous driving. Based on deployment, the market is segmented into on-premises and cloud. On the basis of application, the market is segmented into predictive maintenance, safety and security management, dealer performance analysis, warranty analysis, driver and user behavior analysis, and others.

main player

Global key players in the automotive data management industry include Acerta Analytics Solutions, Inc., Caruso GmbH, AMO Foundation, Amodo Doo, Amazon Web Services, Inc., IBM Corporation, ETL Solutions Limited, SAP SE, Teradata Corporation, Otonomo Technologies Ltd. , National Instruments Corporation and Sibros Technologies, Inc.

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Acumen Research and Consulting is a global provider of market intelligence and consulting services to the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps the investment community, IT professionals and business executives make fact-based decisions about technology acquisitions and develop corporate growth strategies to maintain competition in the marketplace. With a team size of more than 100 analysts and over 200 years of collective industry experience, Acumen Research and Consulting ensures a combination of industry knowledge and global and country-level expertise.

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