Automotive Data Monetization Market Competitive Landscape, Research Methodology, Business Opportunities, Statistics and Industry Analysis Report by 2028
The global automotive data monetization market size is expected to reach USD 86.91 Billion at a steady CAGR of 38.5% in 2028, according to latest analysis by Emergen Research.
Global automotive data monetization market revenue growth is driven due to increased application of advanced analytics and Big Data in automotive manufacturing and to provide more advanced features and services in vehicles, reduce operational costs and investment, and enhance driver and passenger safety. Vehicles are getting increasingly more connected to each other and advancements in road infrastructure and increase in number of sensors being used is resulting in generation of vast data volumes. Data collected can be leveraged and monetized, but this is currently at a nascent stage.
some customers are reluctant to adopt the technology. According to statistics, 79% of consumers in China believe it to be beneficial; whereas, only 35% of German consumers feel the same. The potential of monetizing automotive data at a larger scale is still a major challenge for market players, and these are some key factors expected to hamper market growth to a certain extent.
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Some Key Highlights From the Report
- Ford Motor launched over-the-air update capability “Power-Up” technology to make remote upgrades to its trucks and cars, and also plans to roll out 33 million vehicles by the end of 2028. The new technology would collect data on million of commercial customers and consumers, thereby providing automotive manufacturers access to a stream of revenue.
- Predictive maintenance enables insights about the need for maintenance of vehicles before a breakdown occurs. Predictive maintenance analyzes data generated from connected vehicles to understand the need for maintenance with current vehicle sensor data. It saves additional maintenance cost, increases efficiency of vehicles, and improves experience of both customers and companies. It also helps in saving lives from unexpected accidents.
- Cloud segment accounted for a larger revenue share in 2020 due to better scalability, improved cost-efficiency, increased reliability, and faster time to access new technologies as a readily available service. Cloud-based deployment is key solution for OEMs due to the above benefits.
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The Automotive Data Monetization Market report also includes a list of the leading players in the market and expounds on their action plans for drawing higher revenues. The leading market players profiled in the report include Continental AG, Tech Mahindra Limited, IBM Corporation, Harman International, Tesla, Microsoft Corporation, Wejo Limited, Oracle, Caruso GmbH, and The Floow Limited. Furthermore, a detailed account of the key industry developments, viable market insights, and current market trends is also available in this report.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Automotive Data Monetization Market market, the report estimates the CAGR for the market during the projected timeframe.
Geographical Terrain of the Global Automotive Data Monetization Market Market:
- North America
- Europe Asia Pacific
- Latin America
- Middle East & Africa
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The report highlights the robust growth trajectory of the global Automotive Data Monetization Market market, shedding light on significant market development. At the same time, the document offers detailed insights into the pertinent industries, business organizations, and various local and international manufacturers and vendors.
The Automotive Data Monetization Market market intelligence report talks about the market size, share, value, and production cost analysis over the forecast period 2021-2028. In addition, downstream demand analysis, upstream raw materials, consumption volume, and the market share of all the segments and sub-segments have also been discussed at length in the latest report. According to our analysts, the research methodology of the Automotive Data Monetization Market market is based on both primary and secondary research data sources.
Emergen Research has segmented the global automotive data monetization market on the basis of type, deployment type, end-use, and region:
- Type Outlook (Revenue, USD Billion; 2018–2028)
- Deployment Type Outlook (Revenue, USD Billion; 2018–2028)
- End-use Channel Outlook (Revenue, USD Billion; 2018–2028)
- Predictive Maintenance
- Mobility as a service (MaaS)
Alongside offering an in-depth analysis of the recent events that took place in the Automotive Data Monetization Market industry, such as technological upgradation and new product launches, the report lays stress on the consequences of these events on the market.
Reasons to choose Emergen Research
Regional Demand Forecasts and Forecasts
Product price volatility
Technology update analysis
Location index analysis
Raw material procurement strategy
Product composition matrix
Supply chain optimization analysis
The report focuses on the global Automotive Data Monetization Market market definition, market overview, product scope, description, characterization, and specification. The overall information offered by the report is based on thorough research on the latest market trends, development plans, growth patterns, and regulatory policies.
TOC OF Automotive Data Monetization Market Industry
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Automotive Data Monetization Market Segmentation & Impact Analysis
4.1. Automotive Data Monetization Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
126.96.36.199. Rise in vehicle connectivity fueling the demand for monetizing data
188.8.131.52. Need for creating customer value proposition
4.2.3. Market restraints analysis
184.108.40.206. Cybersecurity risk
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Automotive Data Monetization Market By Type Insights & Trends, Revenue (USD Billion)
5.1. Type Dynamics & Market Share, 2021 & 2028
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