With the emergence and long-term Impact of COVID-19, the Global Automotive Data Management Market is to reach USD 4.6 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Automotive Data Management Market is poised to raise up to USD 4.6 Billion by 2030. An Automotive Data Management System refers to the comprehensive software or hardware solution designed to collect, store process and analyze various types of data generated within automotive industry. It is a sophisticated system that helps to manage and organize large volume of data related to vehicles, costumers, operations and other aspects of automotive ecosystem. The primary purpose of an automated data management system is to enable efficient and effective data handling, ensuring that information is readily available for analysis, decision, making and operational purposes.
It facilitates the integration of data from multiple sources such as vehicle sensors, manufacturing processes, supply chain system, customer interactions and more. Moreover, growing automotive industry and increasing use of IoT in automotive data management expected to be the growth factors of the Global Automotive Data Management market. According to the India Brand Equity Foundation (IBEF) in 2021, the Indian passenger car market was valued at USD 32.70 billion and is expected to grow USD 54.84 billion by 2027. According to Statista in 2021, it was found that the number of connected automobiles in operation were 237 million and is anticipated to surpass 400 million by 2025.
With the increasing integration of electronics in vehicles, over the past few decades, automotive industry possesses advanced capabilities to internally and externally monitor and record data. However, limited connectivity and regulatory and legal compliance may hamper the growth of global automotive, data management market. Moreover, increasing standard of living and increasing disposable income emerge as to be the growth opportunities for the market.
Geographically, the global Automotive Data Management Market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Europe region dominated the market in 2022 owing to the factors such as early adaptation of advanced technology and advancement in automotive industry.
Europe is the home for many multinational automotive industries such as Volkswagen group AG, Stellantis NV, Mercedes-Benz group AG, Bayerische Motoren Werke AG (BMW) and so on. Asia-Pacific is expected to be the fastest growing region, owing to the factors such as low labor cost and large customer base. According to Press Information Bureau of India (PIB), contribution of automotive industry in GDP has been rose to 7.1% and India aims to double its automotive industry to USD 182.7 billion by 2024.
The global Automotive Data Management Market is highly competitive owing to the presence of several key manufacturers such as Acerta Analytics Solutions Inc., Amazon Web Services Inc., Amodo, Caruso Gmbh, ETL Solutions Ltd., HEAVY.AI, International Business Machines Corporation., and others.
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Key findings of the study suggest:
- Global Automotive Data Management Market is anticipated to grow with a healthy growth rate of more than 20% over the forecast period 2023-2030.
- In the data type segment, structured data segment emerged as the leading market segment in 2022.
- Europe is anticipated to drive regional growth owing to early adaptation of advanced technology.
- Asia Pacific is expected to grow at a high CAGR followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered the following segments for the study:
By Data Type:
- Unstructured
- Semi-Structured & Structured
By Software Type:
- Data Security
- Data Integration
- Data Migration
- Data Quality
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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