Global Automotive Data Monetization Market Size to Reach USD 319.79 Billion in 2032 | Emergen Research

Global automotive data monetization market revenue growth is being driven by increasing application of advanced analytics and big data in automotive manufacturing and vehicles


Vancouver, Oct. 23, 2023 (GLOBE NEWSWIRE) -- The global automotive data monetization market size is expected to reach USD 319.79 Billion at a steady CAGR of 38.5% in 2032, according to latest analysis by Emergen Research.

Surge in number of connected vehicles and consent and activation rate of these vehicles among consumers are some key factors driving global automotive data monetization market revenue growth. Digital innovation is necessary to build a constant stream of revenue from automotive data. Automotive industry must introduce new monetization systems and master software capabilities to ensure profitability. Connected cars and monetization of data generated is becoming a major part of transportation and automobile systems.

A connected car is connected to the Internet, thus allowing sharing of vital data and information remotely and in real time. Data is important in various situations, including from monitoring fuel level, tyre pressure, braking system to SAT-navy systems, and geolocation systems, to tracking cars if it gets stolen or if the driver loses track of it in a multi-story car park.

Automotive manufacturers analyze large data volumes to gauge the performance of their product. This helps significantly to design and manufacture future model and make them safer, more efficient, and reliable. OEMs harness connected car data to develop innovative features that meet the vehicle driver’s functional and emotional requirements. OEMs can gain from knowing which vehicles are likely to fail and when. Real-time data sent from automotive sensors can identify problems at early stage and predictive analytics allow companies to recall issues. However, low rate of adoption is a key factor hampering growth of the market.

Claim Your FREE Sample Copy with Table of content@ https://www.emergenresearch.com/request-sample/702 

Scope of Research

Report DetailsOutcome
Market size in 2020USD 6.41 Billion
CAGR (2023–2032)38.5%
Revenue forecast in 2032USD 319.79 Billion
Base year for estimation2020
Historical data2018–2019
Forecast period2023–2032
Quantitative unitsRevenue in USD Billion and CAGR in % from 2021 to 2028.
Report coverageRevenue forecast, company ranking, competitive landscape, growth factors, and trends.
Segments coveredType, deployment type, end-use, and region.
Regional scopeNorth America; Europe; Asia Pacific; Latin America; Middle East & Africa.
Country scopeU.S., Canada, Mexico, Germany, U.K., France, Spain, BENELUX, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, Israel, Rest of MEA.
Key companies profiledContinental AG, Tech Mahindra Limited, IBM Corporation, Harman International, Tesla, Microsoft Corporation, Wejo Limited, Oracle, Caruso GmbH, and The Floow Limited.
Customization scope10 hours of free customization and expert consultation.

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/702

MAJOR COMPANIES and Competitive Landscape

The global automotive data monetization market is consolidated, with few small- and medium-sized players accounting for majority revenue share. Established companies are engaged in various research and development activities and initiatives to develop and deploy new and more efficient technologies and solutions in the automotive data monetization market. Some prominent players operating in the market are:

  • Continental AG
  • Tech Mahindra Limited
  • IBM Corporation
  • Harman International
  • Tesla
  • Microsoft Corporation
  • Wejo Limited
  • Oracle
  • Caruso GmbH
  • The Floow Limited

Strategic Development

In December 2020, Amazon Web Services, Inc. (AWS) and BlackBerry Limited announced a multi-year agreement to develop and market IVY, which is BlackBerry’s intelligent vehicle data platform. Ivy allows automotive manufacturers to provide a consistent and secure way to gather automotive sensor data, normalize it, and create actionable insights when needed. The information can also be used to enhance passenger and driver experience.

In May 2021, Ford Motor launched over-the-air update capability “Power-Up” technology to make remote upgrades to its trucks and cars, and also plans to roll out 33 million vehicles by the end of 2028. The new technology would collect data on millions of commercial customers and consumers providing automotive manufacturers access to a revenue stream.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/702

Some Key Highlights From the Report

  • MaaS is a user-centered data-driven paradigm powered by rapid advancements in digital technology. Increasing penetration of smartphones, up-to-date information on travel options, high levels of connectivity, and rising trend of cashless payment systems are driving revenue growth of the MaaS segment. MaaS generates vast amount of data that can be used by automotive companies for further gain of insights and to generate revenue. 
  • Surge in number of connected cars has fueled demand for cloud-based deployment. Cloud segment accounted for a significant revenue share in 2020 due to cost-effective and reliable benefits offered. Volkswagen partnered with Microsoft in 2018 to accelerate the development of Volkswagen Automotive Cloud designed to handle data from millions of vehicles per day and provide improved user experience.
  • Asia Pacific automotive data monetization market revenue is expected to increase at a rapid rate during the forecast period due to increased adoption of advanced and smart automotive technologies in Japan and China. Sales of 4G connected cars was approximately 95% of total connected car sales in China in 2020. High demand from China is expected to drive growth of the market in the region.

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/automotive-data-monetization-market  

Emergen Research has segmented the global automotive data monetization market on the basis of type, deployment type, end-use, and region:

  • Type Outlook (Revenue, USD Billion; 2019–2032)
    • Direct
    • Indirect
  • Deployment Type Outlook (Revenue, USD Billion; 2019–2032)
    • On-Premises
    • Cloud
  • End-use Channel Outlook (Revenue, USD Billion; 2019–2032)
    • Insurance
    • Government
    • Predictive Maintenance
    • Mobility as a service (MaaS)
  • Regional Outlook (Revenue, USD Billion; 2019–2032)
    • North America
      1. U.S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. U.K.
      3. France
      4. Spain
      5. BENELUX
      6. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. Israel
      4. Rest Of MEA

Curated Reports You Shouldn't Miss: Dive In Now!

Solar Vehicle Market By Solar Panel (Polycrystalline, Monocrystalline), By Battery Type (Lithium Ion, Lead Acid), By Vehicle type (Commercial vehicles, Passenger cars), By Electric Vehicle type (HEV, BEV, PHEV), and By Region, Forecast to 2027

Driving Simulator Market By Application (Training, Research and Testing), Transport Type (Car, Truck, Bus, Train, Ships, Aircraft), By Simulator Type (Training Simulator and Advanced Driving Simulator), By End-Use (Automotive, Marine, Aviation, Rail) By Region Forecast to 2028

Automotive Airbag Silicone Market By Type (One-Piece-Woven, Cut-And-Sewn Seam-Sealed), By Airbag Position (Curtain/Side, Front, Knee), By Vehicle Type (Commercial Vehicle, Passenger Cars), and By Region, Forecast to 2028

Electric Vehicle Fluids and Lubricants Market By Product Type (Grease, Brake Fluids, Heat Transfer Fluids, Drive System Fluids), By Distribution Channel (OEMs, Aftermarket), By Propulsion Type, and By Region, Forecast to 2028

Head-up Display Market Size, Share, Trends, By Type (Conventional HUD, AR-based HUD, Windshield-based HUD, Combined-based HUD), By Component (Software, Video Generator, Projector/Projection Unit), By Technology, By Application, and By Region Forecast to 2028

Advanced Driver Assistance System Market, By Offering (Hardware, Software), By Component (LiDAR, Camera Unit, Ultrasonic Sensor, Radar Sensor, Infrared Sensor), By System, By Vehicle Type, and By Region Forecast to 2030

Battery Monitoring System Market By Type (Wired, Wireless), By Component (Software, Hardware), By Battery Type (Lead-Acid, Lithium-Ion Based), By End-use (Automotive, Telecommunication, Industries, Energy), and By Region Forecast to 2028

 About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

Contact Us:

Eric Lee

Corporate Sales Specialist

Emergen Research | Web: https://www.emergenresearch.com/

Direct Line: +1 (604) 757-9756

E-mail: sales@emergenresearch.com

Explore Our Japanese Version: Automotive Data Monetization Market

Explore Our Blogs and Insights Section: https://www.emergenresearch.com/insights

Read our Press Release @ https://www.emergenresearch.com/press-release/global-automotive-data-monetization-market



Coordonnées