Automotive Data Monetization Market Key Companies, Business Opportunities, Competitive Landscape and Industry Analysis Research Report by 2028

According to the most recent report by Emergen Research, the size of the worldwide automotive data monetization market is anticipated to reach USD 86.91 billion in 2028 at a consistent CAGR of 38.5%.

The increased use of Big Data and advanced analytics in the automotive industry is fueling the growth of the global market for the monetization of automotive data. These technologies are being used to produce vehicles with more cutting-edge features and services, lower operating expenses, and improve passenger and driver safety. A huge amount of data is being generated as a result of the increased connectivity of vehicles, improvements in the road infrastructure, and a rise in the number of sensors being employed. The ability to use and profit from collected data is possible, although this field is still in its infancy.

The benefits of monetizing automotive data include cost reduction and enhanced customer satisfaction. As industries converge, the ecosystem around data is well-established in the technology and telecom sectors, which will have an impact on adoption in the automobile sector. To enable the concept of data as an asset, the industry will need to accept structural changes in the future.

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Some Key Highlights from the Report

  • Predictive maintenance provides information about the need for vehicle maintenance before a problem arises. In order to determine the need for maintenance using the most recent vehicle sensor data, predictive maintenance analyses data from connected vehicles.
  • It reduces additional maintenance costs, boosts vehicle efficiency, and enhances the customer and business experiences. Additionally, it assists in preventing fatal accidents.
  • Due to higher scalability, increased cost-efficiency, increased reliability, and quicker access to new technologies as an immediately available service, the cloud segment accounted for a larger revenue share in 2020. Due to the advantages listed above, cloud-based deployment is a crucial solution for OEMs.
  • Major companies operating in the market include Continental AG, Tech Mahindra Limited, IBM Corporation, Harman International, Tesla, Microsoft Corporation, Wejo Limited, Oracle, Caruso GmbH, and The Floow Limited.

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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)

  • Direct
  • Indirect

Deployment Type Outlook (Revenue, USD Billion; 2018–2028)

  • On-Premises
  • Cloud

End-use Channel Outlook (Revenue, USD Billion; 2018–2028)

  • Insurance
  • Government
  • Predictive Maintenance
  • Mobility as a service (MaaS)

Regional Outlook (Revenue, USD Billion; 2018–2028)

  • North America
    1. S.
    2. Canada
    3. Mexico
  • Europe
    1. Germany
    2. K.
    3. France
    4. Spain
    5. BENELUX
    6. Rest of Europe
  • Asia Pacific
    1. China
    2. India
    3. Japan
    4. South Korea
    5. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. UAE
    3. Israel
    4. Rest Of MEA

About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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