The Automotive Data Analytics Market is expected grow at a CAGR of 26.5% due to advancement in machine learning and Artificial Intelligence technologies.
According to the Report “Automotive Data Analytics Market: By End-User (OEM, After-Market & Insurance); By Type (Software, Services); By Deployment Type (Cloud & On-Premise); By Application (Sales & Marketing, Customer behavior& Management & Others) & By Geography — Forecast (2018–2023),” published by IndustryARC, the market is driven by automotive OEMs for developing advanced technologies and integrating in connected cars.
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https://industryarc.com/Report/17997/automotive-data-analytics-market.html
The evolving transformation of technologies, applications and services in the automotive sensors to artificial intelligence to data analytics play a vital role to provide list of data sets in accordance to car’sperformance..The data analyticsis primarily used for design and manufacturing in the automotive sector. A lot of savings is seen in terms of cost can be achieved with an efficient inbuilt automotive analytics system.
Asia-Pacific will Witness Highest Growth gain in the Automotive Data Analytics Market:
Asia-Pacific is expected to have the highest growth rate during the forecast period in the vehicle data analytics market. The top nations that are contributing towards growth in the sub-regions are China, Japan, Singapore, South Korea and India. The market is mainlyfocused by the significantgrowth in cabaggregator companies’ development, which has witnessed growing ease of progress of smart cities and IoT proliferation.
Selected Technology Types Analysis Done in the Full Report:
On the basis of channel type, the automotive OEM segment is anticipated to maintain its leading position from 2018to 2023. This is mainly due to products performance and posing advanced version of services in vehicle analytics by automotive OEMs. At present, the OEM segment holds the largest revenue share in the global market.
Excerpts on Market Growth Factors:
Fuel management poses and greater challenge in the automotive industry. With the use data andanalytics and accessibilityto greater amount of data, the usage of fuel will become ultra-efficient and gain the capability to make measurable increases in driver productivity.
A survey done by National Automotive Board said that growing rate of accidents is due to faults or damages found in the automotive parts. With respect to this use of analytics, damaged parts of a vehicle can be identified before it causes interruptions in daily use. This will lead the driver to identify the pattern and precede an accident to manage the situations.
Related Report:
A. Commercial Automotive Telematics Market
https://industryarc.com/Report/1318/Commercial-Automotive-Telematics-Market.html
B. Automotive Sensors Market
https://industryarc.com/Report/7364/Automotive-Sensors-Market-Research-Report.html
Key players of the Automotive Data Analytics Market:
SAP SE, IBM Corporation, Oracle Corporation, Google, Inc., Microsoft, Inc., Intel Corporation, Capgemini SE and others. SAP SE has software like Vehicle Insights Software, Connected Cars Analytics & Telematics, Real Time Advanced Analytics, Predictive Analytics & Modeling Software and others.
The Automotive Data Analytics Market report is segmented as below:
A. Automotive Data Analytics Market — By Channel
1. OEMs
2. After-Market
3. Insurance
B. Automotive Data Analytics Market — By Type
1. Software
2. Services2.1 Consulting Services
2.2 System Integration Services
2.3 Managed Services
What can you expect from the report?
The Automotive Data Analytics Market Report is Prepared with the Main Agenda to Cover the following points:
1. Market Size by Product Categories & Application
2. Market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
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About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.