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Automotive Data Management Market Size, Industry Analysis Report 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) & Region – Forecasts

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 249
  • CATEGORY
  • Automotive & Transportation
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.

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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