The global automotive data management market size is projected to reach $4,807 million by 2030, according to a recently published report by Acumen Research and Consulting (ARC).
The market research firm estimates a compound annual growth rate (CAGR) exceeding 20.5% over the forecast period beginning 2022 through 2030.
RELATED RESOURCE
Unlocking the value of data with data innovation acceleration
Diving into what a mature data innovation practice looks like
“Previously limited to marketing and sales, data analytics is now being used in product development, industrial processes, logistics, and aftermarket solutions.”
“However, the increasing use of connected vehicles is increasing the demand for automotive data management. The growing usage of embedded sensors in self-driving automobiles is driving the automotive data management market forward,” explained ARC.
The firm also affirmed, “automotive sector confronts strong competition, and fresh developments are required to stay competitive.”
Acerta Analytics Solutions, Caruso GmbH, AMO Foundation, Amodo D.o.o, AWS, and IBM are among the key vendors influencing the automotive data management industry.
By region, North America is anticipated to hold the majority of the global automotive data management market share during the forecast period, due to a large number of automakers in this region, along with the widespread implementation of lean analytics and deep learning.
In the next few years, analysts expect Europe to be the second-largest market for automotive data management. The region's share of the market is predicted to grow exponentially as a result of increased car production, advancements in vehicle electronics layout, connected automobiles, V2V & V2I innovations, and the expansion of key OEMs.
“The increased demand for built-in informatics and telematics in automotive has resulted in advancements in technology aimed at improving the entire in-vehicle experience for both passengers and drivers. With the connected vehicle, ubiquitous inbuilt cellular connections provide new opportunities to educate and engage drivers, as well as service the vehicles throughout their existence,” stated ARC in its report.
-
Westcon-Comstor and Vectra AI launch brace of new channel initiativesNews Westcon-Comstor and Vectra AI have announced the launch of two new channel growth initiatives focused on the managed security service provider (MSSP) space and AWS Marketplace.
-
Third time lucky? Microsoft finally begins roll-out of controversial Recall featureNews The Windows Recall feature has been plagued by setbacks and backlash from security professionals
-
Can robots work safely alongside humans? This one industry leader thinks we're not far awayNews Humanoid robots and people will be able to work truly side-by-side this year, according to the CEO of one leading robotics company.
-
Empowering enterprises with AI: Entering the era of choicewhitepaper How High Performance Computing (HPC) is making great ideas greater, bringing out their boundless potential, and driving innovation forward
-
The power of AI & automation: Proactive ITWhitepaper Automation strategies to dynamically and continuously assure cost-effective application performance
-
The CEO's guide to generative AI: Be a creator, not a consumerWhitepaper Innovate your business model with modern IT architecture, and the principles of trustworthy AI
-
Magic Quadrant for enterprise conversational AI platformsWhitepaper An evaluation of the conversational AI platform (chatbot) market
-
Learning and operating Prestowhitepaper Meet your team’s warehouse and lakehouse infrastructure needs
-
Scale AI workloads: An open data lakehouse approachwhitepaper Combine the advantages of data warehouses and data lakes within a new managed cloud service
-
Managing data for AI and analytics at scale with an Open Data Lakehouse approachwhitepaper Discover a fit-for-purpose data store to scale AI workloads
