Automotive Data Management Market Size Will Reach US$ 4,807 Million by 2030 – Exclusive Report from Acumen Research & Consulting

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

New York, May 31, 2022 (The Globe Newswire) – Released worldwide Automotive data management market size It is estimated to grow at a compound annual growth rate of over 20.5% over the projected time frame and reach a market value of approximately US$4,807 million by 2030.

In the automotive industry, data analytics is becoming increasingly important. With OEMs creating innovative standalone models, data management systems analytics and evaluation solutions will become more and more prominent. The demand for connected cars has increased with the advancement of technologies in the automotive sector, as has the need for data management systems to analyze and acquire user behavior, as well as analyze and understand customer needs. Previously limited to marketing and sales, data analytics is now used in product development, industrial processes, logistics, and after-sales solutions. However, the increasing use of connected vehicles is leading to an increased demand for managing vehicle data. The increasing use of sensors embedded in self-driving cars is driving the automotive data management market forward.

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As a result of the development of technologies such as IoT and 5G, the automotive industry is undergoing a profound transformation, with the goal of changing the driving experience. To increase productivity and company growth, auto manufacturers are incorporating Industry 4.0 concepts into production, design, and supply chain management. There is also a general shift away from internal combustion engines and toward alternative forms of transportation, such as electric, hybrid and hydrogen fuel cells. Data is important for the transformation of the auto industry. Automotive sector upgrade, data management technology helps analyze customer and user behavior in order to improve overall driving performance and maintain vehicle condition.

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Report coverage

Growth Aspects of the Global Automotive Data Management Market

The automotive sector faces stiff competition, and new developments are needed to stay competitive. To maintain a competitive advantage, companies must upgrade on a regular basis. The data management system in the automotive industry allows car companies to stay ahead of the competition. Helps automakers and consumers improve operational efficiency and productivity. Companies in the industry focus their efforts on enhancing operational performance by applying innovative techniques to monitor daily activities. Data management and analytical tools are important opportunities for manufacturers to use qualitative methodologies to help plan intervention across the customer life. To determine which technique is best performing in a given situation, all data was collected and processed centrally. This allows companies to improve equipment usage and avoid delays. As a result, companies’ drive to enhance operational efficiencies is expected to fuel the growth of automotive data management systems in the automotive industry.

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Technological advances in vehicles are expected to drive the market

The growing demand for integrated informatics and in-vehicle information technologies has led to advances in technology aimed at improving the entire in-vehicle experience for both passengers and drivers. With the connected vehicle, ubiquitous cellular communications provide new opportunities to educate and engage drivers, as well as service vehicles throughout their lifetime. As software defines more and more vehicle tasks, the ability to upgrade the OTA (over the air) software makes integrated cellular connectivity a critical way to maintain vehicle security and importance throughout the vehicle’s lifecycle. Over the next five years, connectivity will shift from being in support of a better customer experience to providing the essential and critical capabilities for personal mobility.

Regional Overview

North America, Europe, Asia Pacific, Latin America, Middle East and Africa is the regional classification of the global Automotive Data Management market. North America is expected to account for the majority of the automotive data management market worldwide during the forecast period due to the presence of several automakers along with the widespread implementation of lean analytics and deep learning, indicating the potential growth of the automotive data management market in this region. Europe is expected to be the second largest market for the automotive data management industry over the next few years. Europe’s share of the global automotive data management market is expected to grow significantly as a result of increased vehicle production, advances in vehicle electronics design, connected vehicles, V2V and V2I innovations, and expansion of major OEMs. Europe has the most significant contribution to the connected car market. It is supplied by a large number of technology original equipment manufacturers, such as BMW, Daimler, JLR and Volkswagen Group, who are involved in sectors such as advanced driver assistance systems, in-vehicle entertainment and navigation and in-vehicle networking, all of which have grown rapidly in the previous decade. Market players are developing advanced and innovative vehicle data management products and services for customers.

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Market segmentation

The global Automotive Data Management market has been segmented by Acumen Research and Consulting based on component, data type, vehicle type, deployment, and application. Based on the component, the market is divided into software and service. Based on the type of data, the market has been divided into unregulated, semi-structured and regulated. Depending on the type of vehicle, the market is classified into non-autonomous and autonomous. Based on deployment, the market is categorized into in-company and cloud. Based on the application, the market is segmented into predictive maintenance, safety and security management, dealer performance analysis, warranty analytics, driver and user behavior analysis, and others.

The main players

Some of the major players covered globally in the Automotive Data Management industry are Acerta Analytics Solutions, Inc. and Caruso GmbH, AMO Foundation, Amodo Doo, and Amazon Web Services, Inc. and IBM Corporation, ETL Solutions Limited, SAP SE, Teradata Corporation, and Otonomo Technologies Ltd. , National Instruments Corporation, and Sibros Technologies, Inc.

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About Acumen:

Acumen Research and Consulting is a global provider of market-related information and advisory services for the information technology, investment, telecommunications, manufacturing and consumer technology markets. ARC helps investment communities, IT professionals, and entrepreneurs make fact-based decisions about technology procurement and develop company growth strategies to stay competitive in the marketplace. With a team size of over 100 analysts and a collective industry experience of over 200 years, Acumen Research and Consulting ensures to deliver a blend of industry knowledge combined with expertise at both global and country levels.

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