Global Automotive Data Management Market: Overview
The Global Automotive Data Management Market is valued at around USD 12.92 billion in 2022 and is expected to reach USD 20.86 Billion by the year 2030 registering a CAGR of 11.9% over the forecast period. The innovative dynamic system of data management is a software born to coordinate and make available to the Garage, the information of the whole Automotive supply chain. The system allows complete management of customer records and the history of vehicle interventions.
Global Automotive Data Management Market- Growth Factors
The increasing number of automobiles is estimated to boost the growth of the market during the forecast period. The launch of AI-based applications, machine learning, big data, and the Internet of Things (IoT) are some of the other factors that are estimated to boost the growth of the market during the forecast period. Also, the high adoption of advanced technologies and government schemes in the region is also another major factor that is estimated to foster the growth of the market during the forecast period. The innovative dynamic system of data management is a software born to coordinate and make available to the Garage, the information of the whole Automotive supply chain.
Global Automotive Data Management Market Market Trends
The system allows complete management of customer records and the history of vehicle interventions and this factor is estimated to boost the growth of the market during the forecast period.
The high adoption of advanced technologies and government schemes in the region is also another major factor that is estimated to foster the growth of the market during the forecast period.
However, during the pandemic of Covid-19, the closure of manufacturing plants in the regions resulted in a loss of revenue and business, which financially impacted businesses and is estimated to hamper the growth of the market during the forecast period.
Global Automotive Data Management Market Segmentation
The Global Automotive Data Management Market has been sub-classified into By Component, By Data Type, BY Vehicle Type, By Deployment and By Application.
By Component
Software
Service
By Data Type
Structured
Unstructured
By Vehicle Type
Autonomous
Non-autonomous
By Deployment
On-premise
Cloud
By Application
Predictive Maintenance
Warranty Analytics
Safety & Security Management
Driver & User Behavior Analysis
Dealer Performance Analysis
Global Automotive Data Management Market Regional Analysis
It is estimated for the region of the US to drive the growth of the market during the forecast period. The growth in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.
Global Automotive Data Management Market Key Market players
Sibros Technologies Inc., Azuga, Microsoft, SAP SE, IBM, Amazon Web Services, Inc., Otonomo, AGNIK LLC, PROCON ANALYTICS, and Xevo are the major players that are driving the growth of the market during the forecast period.
