Press release
Big Data in Automotive Market is Booming Worldwide |HCL Technologies Limited, IBM
Big Data in Automotive Market
The Prominent/Emerging Players in the Big Data in Automotive Market includes: HCL Technologies Limited (India), IBM Corporation (United States), Infosys Limited (India), LHP Engineering Solutions (United States), Adobe Systems Inc. (United States), Allerin Tech Pvt Ltd (New Zealand), Auriga, Inc. (United States), Capgemini SE (France), Dataiku (United States), Deloitte Touche Tohmatsu Limited (United States), DXC Technology (United States), Happiest Minds (India),
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Big data analytics in automotive industry is helping the manufacturers to increase the efficiency in marketing as well as sales. It has improved the working by incorporating utilities like predictive maintenance. The big data analytics is helping the automotive industry in various departments such as design and production, supply chain improvements, and automobile financing. For instance, data related to real world driving experience is allowing the manufacturers to improve parameters like safety, fuel economy, engine efficiency, and battery power in automobiles. In supply chain, the company can compare cost, reliability and quality of concerned product components and machinery using big data.
Big Data in Automotive Market Segmentation:
by Application (Research & Development, Manufacturing, Procurement, Supply Chain Management, Marketing, Transportation & Distribution, Sales & Service, Aftermarket, Customer Behavior Analytics), Data type (Structured, Unstructured, Semi-Structured), Software deployment type (Cloud, On premise), Component (Software, Services)
Market Drivers:
Benefits of Big Data Analytics Such as Operational Efficiency is Fuelling the Market
Usage of Smart Technologies Such as Sensors, Advanced Processors, and Others are Generating Data
Market Trends:
Increasing Demand of Machine Learning in Various Industries
Opportunities:
Increasing Dependencies by Enterprises on Big Data
Growing Importance of Big Data for Designing and Manufacturing Processes
Challenges:
Lack of Skilled Professionals with Technical Skills
Market Leaders and some development strategies
In July 2020, IBM has acquired WDG Automation which designs and develops robotic process automation (RPA), intelligent virtual agents (IVA) and artificial intelligence software.
On October 2019, Fujitsu Limited has announced that it will launch a new stream data processing platform for service providers for maximising the use of big data collected from connected cars. It facilitates simple and efficient automotive big data analysis by leveraging Fujitsu's data processing technology.
Global Big Data in Automotive Market, Regional Analysis: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Report Scope:
The report offers valuable insights into the impact of key players on the market, including their size, industry overview, and product offerings. To evaluate the expansion of these players, the report examines their recent advancements in the field. Covering all major geographical regions and sub-regions worldwide, the report specifically focuses on the market size, market shares, and competitive landscape of the Big Data in Automotive industry, as well as sales and growth opportunities within these regions. Additionally, the report analyzes the upstream and downstream activities of market players, including their production and distribution channels, as well as product cost analysis. The report highlights critical information and factual data regarding market drivers, limitations, opportunities, trends, and future prospects.
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The following is a breakdown of the major topics covered in this document, presented in a Table of Contents format.
1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2023-2028
1.2.1. Big Data in Automotive Market, by Type, 2023-2028
1.2.2. Big Data in Automotive Market, by Application, 2023-2028
1.2.3. Big Data in Automotive Market, by Region, 2023-2028
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
2. Global Big Data in Automotive Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
3. Global Big Data in Automotive Market Dynamics
3.1. Big Data in Automotive Market Impact Analysis (2023-2028)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
4. Global Big Data in Automotive Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
5. Competitive Intelligence….
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Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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