Automotive Data Analytics Market

Automotive Data Analytics- Global Market Outlook (2019-2027)

5.0 (40 reviews)
Published: March 2021 ID: SMRC20351
5.0 (40 reviews)
Published: March 2021 ID: SMRC20351

This report covers the impact of COVID-19 on this global market

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.

Channels Covered:
• Aftermarket
•  Fleet owners
• Insurance
• Original Equipment Manufacturers (OEMs)
• Regulatory bodies
• Service Providers    

Analytics Covered:
• Causation Analytics
• Descriptive Analytics
• Geo
• Leakage
• Predictive
• Prescriptive Analytics
• Price Elasticity Analytics
• Simulation Analytics

Types Covered:
• Software
• Services

Deployments Covered:
• Cloud
• On-Demand
• On-Premises

Applications Covered:
• Customer Behaviour
• Dealer Performance Analytics
• Diagnostics and Monitoring
• Driver and user Behaviour analysis
• Infotainment
• Operational Analytics
• Predictive Maintenance
• Road Charging
• Safety and Security Management
• Sales and Marketing
• Traffic Management
• Usage-Based Insurance
• Warranty Analytics

 Ends Covered:
•  Automotive Dealers
• Travel & Hospitality

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
•   Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
•   Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
•   Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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