Press release
Automotive Data Management Market Share, Size, Demand, Key Players by Forecast 2032
Automotive Data Management Market
The market is expanding because to the rising demand for connected and autonomous vehicles on a global scale. Additionally, industrial growth is anticipated to be accelerated by technical developments including the introduction of AI-based applications, machine learning, big data, and the Internet of Things (IoT). The COVID-19 epidemic had an impact on business expansion. Due to the epidemic in 2020, governments were compelled to seal off international borders and temporarily close marketplaces, businesses, and other public areas. Businesses suffered a financial hit as a result of the loss of revenue and business caused by the closure of industrial factories in the regions.
Because the automotive data management market is reliant on the demand and sales of the automotive sector, the supply chain disruption had a negative influence on sales, delivery schedules, and manufacturing, which resulted in a significant decline in automobile sales in 2020. But it's expected that the advent of 5G, the Internet of Things (IoT), and Artificial Intelligence (AI) technology, together with cutting-edge technologies like machine learning and big data, will give manufacturers access to instruments for precise automobile data. Over the projected period, it is anticipated that the market will recover fast and return to its pre-COVID levels.
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Component Insights
Over 75.0% of the total revenue in 2021 came from the software category, which is anticipated to hold onto first place throughout the projection period. This is explained by the rising interest in and use of automotive software among end users such fleet owners, shipping and logistics businesses, and automakers. Fuel usage, fleet visibility with telematics, and maintenance updates from other systems are just a few of the statistics that can be tracked using the data collected from the automobile data management platform. Managers can use this data to analyse indicators and make decisions based on current data. The market has been divided into software and services based on component.
Data Type Insights
Over 55.0% of the total revenue in 2021 came from the category of structured data, and it is anticipated that this segment would keep leading throughout the forecast period. Highly organised data known as "structured data" is processed, saved, and retrieved with ease using basic search engine algorithms. The desire for structured data by automobile manufacturers to improve the design of autonomous cars is a major factor in the growth of this market. The market has been divided into two categories based on the type of data: structured data and unstructured data.
Vehicle Type Insights
In 2021, the non-autonomous segment led the market with a share of nearly 55.0%. Over the forecast period, the non-autonomous segment is anticipated to hold onto its position. Without human interaction, non-autonomous cars are unable to operate. Automotive data management has applications in linked automobiles, which are non-autonomous vehicles. Data is generated by connected cars based on several factors, including speed, engine condition, and distance travelled. The information obtained from the vehicle's infotainment system, controller access network, and electric control unit helps to improve the driving experience. The information gathered can be put to use in a variety of ways, including predictive management, in-car payments, traffic management, usage-based insurance, fleet management, and emergency roadside help. The market has been divided into autonomous and non-autonomous vehicles based on the type of vehicle.
Market Segmentation:
Component:
• Hardware (Sensors, Processors, and Others)
• Software
Data Type:
• Vehicle-Generated Data
• User-Generated Data
• Hybrid Data
Deployment:
• On-Premises
• Cloud-Based
Application:
• Predictive Maintenance
• Fleet Management
• Infotainment
• Safety and Security
• Others
Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape:
The global automotive data management market is highly competitive and fragmented, with several established players and emerging startups competing for market share.
Some of the major players in the market are:
Robert Bosch GmbH
Continental AG
Aptiv PLC
NVIDIA Corporation
Intel Corporation
IBM Corporation
Microsoft Corporation
Oracle Corporation
Harman International Industries, Inc.
Siemens AG
These companies are investing heavily in research and development to develop new products and technologies and enhance their market position. They are also focusing on strategic partnerships and collaborations to expand their customer base and geographical reach. The market is also witnessing the entry of new players, particularly startups and niche players, who are developing innovative solutions and disrupting the traditional automotive data management landscape.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Low Emission Vehicle market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Low Emission Vehicle would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support.
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