Press release
Automotive Digital Services Market Size, Share, Demand, Scope & Forecast To 2032
Automotive Digital Services Market
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Top Impacting Factors
🔸The rising safety and security concerns for fleet, growing demand for driver assistance systems and rising-in vehicles connectivity are driving the global automotive digital services market.
🔸High cost of digital services is a major factor restraining the growth of the global automotive digital services market.
🔸Technological innovations in the areas of connected cars and artificial intelligence are creating new opportunities for the players operating in the global automotive digital services market. Many of the human-machine interface systems in cars would soon become fully digital, thereby increasing the digital content consumption of the driver and the passengers.
Artificial Intelligence (AI) is changing the way we do business and lifestyle. From healthcare to finance, data security, travel and transportation, and social media, it is making advancements every day. When it comes to the automotive industry, artificial intelligence will bring about tremendous changes. One of the primary concerns of the automotive industry is to ensure the safety of the driver while driving. AI provides advanced safety features that can identify dangerous situations and alert the driver when a potential accident is detected. If the driver can no longer drive, it can also carry out emergency control of the vehicle. In addition, the artificial intelligence cloud platform ensures data is available when needed. By monitoring millions of data points per second, artificial intelligence can predict component failures and repair them before they wear out. It can not only save the driver's life but also save his bank deposits. Artificial Intelligence is making major breakthroughs and developments in the automotive industry. Coupled with the power of machine learning and big data, it will completely change the way we get to our destination. It can not only simplify traffic flow and monitor congestion but also improve driver safety. It will also provide new chances for marketing and entertainment.
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COVID-19 Impact analysis
The COVID-19 outbreak has disrupted the automotive industry on a large scale. It has led to the suspension of manufacturing facilities and a fall in the volume of sales but it has positively affected the automotive digital services market as it has forced dealers to use digital tools to complete remote sales and changed the ratio of sales operatives per vehicle for the first time in 20 years. Also, it has awakened the supply chain managers and manufacturing companies to adopt automation and robotics in order to reduce dependence on human labor and increase productivity, hence preventing the chances of future plant shutdowns. Thus, this pandemic provides the automotive industry opportunity to adopt trends like IoT, AI, and digitalization and change the way of operating.
By Application
Vehicle Owner
Automobile Manufacturer
Automobile Service Provider
Transportation Management Company
Others
Key Market Players
FEV Group,
Bosch,
MAN,
Volkswagen,
TomTom,
PCG,
Daimler,
Uber Technologies,
Bayerische Motoren Werke (BMW) Group,
Continental
Questions answered in the digital services market research report:
Which are the leading market players active in the automotive digital services market?
What would be the detailed impact of COVID-19 on the market?
What current trends would influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the automotive digital services market?
What are the projections for the future that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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