Automotive Data Analytics- Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Automotive Data Analytics market is accounted for $2.10 billion in 2019 and is expected to reach $8.87 billion by 2027 growing at a CAGR of 19.8% during the forecast period. The increase in technologies of the automotive industry, the demand for connected vehicles and the entry of leading analytics and software companies are the major factors driving the market growth. However, concerns regarding data privacy are restraining market growth.
Automotive Data Analytics is to examining data sets so as to obtain results concerning the information they contain, progressively with the assistance of specialized systems and software. Advanced technology-equipped cars are possible to become the foundation of the technological revolution. The applications of those technologies are probably to reinvent existing prototypes, change the ecosystem, and revamp customer satisfaction.
Based on channel type, the Original Equipment Manufacturers (OEMs) segment accounted for considerable market share during the forecast period due to advanced analytics techniques and also through the connected car technology. The increasing focus of Original Equipment Manufacturers (OEMs) on new value-added services including the deployment of automotive analytics to enable improved consumer relations is a major factor driving the adoption from the OEM perspective.
By geography, Asia Pacific held largest market share during forecast period due to extreme potential of adoption of advanced technologies in the near future. Cloud technologies play a huge role in the APAC region and have compelling trends that imply enormous growth opportunities.
Some of the key players profiled in the Automotive Data Analytics Market include Bosch Software Innovations GmbH, Carfit, Drust, Google Inc, International Business Machine (IBM) Corporation, Microsoft Corporation, Oracle Corporation, PitStop, SAP SE, Sight Machine
Zen, Drive Company.
• Fleet owners
• Original Equipment Manufacturers (OEMs)
• Regulatory bodies
• Service Providers
• Causation Analytics
• Descriptive Analytics
• Prescriptive Analytics
• Price Elasticity Analytics
• Simulation Analytics
• Customer Behaviour
• Dealer Performance Analytics
• Diagnostics and Monitoring
• Driver and user Behaviour analysis
• Operational Analytics
• Predictive Maintenance
• Road Charging
• Safety and Security Management
• Sales and Marketing
• Traffic Management
• Usage-Based Insurance
• Warranty Analytics
• Automotive Dealers
• Travel & Hospitality
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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