Automotive Data Service Market by Technology Advancements and Growth Outlook to 2030 | SAP SE, Microsoft, Bosch Software Innovations

PRESS RELEASE
Published August 17, 2023

“Automotive Data Service Market” Report Provide Top Manufacturers Sales, Revenue and Price of Automotive Data Service, in 2022 and 2023 Followed by Regional and Country Wise Analysis of Sales, Revenue and Market Share.

At a projected CAGR of 12.5% during the forecast period, the size of the worldwide Automotive Data Service Market is expected to increase from USD 44.8 billion in 2022 to USD 121.5 billion by 2027. The primary drivers of the market’s expansion are the rising need for connected and autonomous cars, the expanding use of telematics and infotainment systems, and the expanding demand for predictive maintenance. The selling and distribution of data services to automotive OEMs, suppliers, and fleet operators are included in the automotive data service market. These services cover the gathering, storing, processing, and analysis of data. One of the major factors propelling the expansion of the automotive data service market is the rising desire for connected and autonomous automobiles.

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The Key companies profiled in the Automotive Data Service Market:
The study examines the Automotive Data Service Market’s competitive landscape and includes data on SAP SE, Microsoft, Bosch Software Innovations, IBM, Oracle, ZenDrive, Carfit, Ford Commercial Solutions, Cloudera & Others.

Global Automotive Data Service Market Split by Product Type and Applications

This report segments the Automotive Data Service Market on the basis of Types:
On-premises
Cloud-based

On the basis of Application, the Automotive Data Service Market is segmented into:
Traffic Management
Safety and Security Management
Driver and User Behavior Analysis
Warranty Analytics
Others

The Automotive Data Service Market is characterized by a number of noteworthy trends. Electric cars (EVs) and autonomous vehicles are becoming more and more common, which has boosted demand for data services that may improve the effectiveness, security, and general performance of these vehicles. Additionally, the connected car movement has created new opportunities for service providers to offer cutting-edge solutions like preventative maintenance, remote diagnostics, and customized infotainment services. The connected car movement involves real-time data exchange between vehicles and external systems.

Regional analysis:

The Automotive Data Service Market has a global reach, and different geographical areas have greatly influenced its expansion. Both North America and Europe have created infrastructures for data analysis and were early adopters of cutting-edge automobile technologies. Due to the increasing uptake of EVs and government programs encouraging smart mobility options, the Asia-Pacific region is becoming a vital participant. Additionally, as the automobile sector becomes more technologically focused globally, underdeveloped areas are also seeing development.

Opportunities and Benefits:

  • Advanced Vehicle Analytics: Automotive data services enable the collection, analysis, and interpretation of vehicle-generated data. This information can be used to gain insights into vehicle performance, driving patterns, and maintenance needs, leading to improved operational efficiency and better customer experiences.
  • Predictive Maintenance: With real-time data from vehicles, automotive data services can predict maintenance needs accurately. This helps fleet managers and vehicle owners schedule maintenance proactively, reducing downtime and minimizing repair costs.
  • Fleet Management Optimization: Fleet operators can utilize automotive data services to track vehicles, monitor driver behavior, optimize routes, and manage fuel consumption. This leads to increased operational efficiency, reduced fuel expenses, and improved overall fleet management.
  • Safety Enhancements: Automotive data services enable the collection of data related to driver behavior, road conditions, and vehicle performance. This data can be used to develop advanced driver assistance systems (ADAS) and enhance overall road safety.
  • Connected Vehicles: Automotive data services play a pivotal role in the development of connected vehicles and the Internet of Things (IoT) in the automotive sector. Connected vehicles can communicate with each other, infrastructure, and central systems, enhancing vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication.
  • Personalized Customer Experiences: By analyzing driver behavior and preferences, automotive data services can offer personalized recommendations for services, entertainment, and navigation. This improves the overall driving experience and customer satisfaction.

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Segment Analysis:
Automotive Data Service Market is split by Type and by Application. For the period 2017-2030, the growth among segments provides accurate calculations and forecasts for revenue by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Using a thorough research methodology, the automotive data service market is examined. In addition to secondary sources like business publications and university studies, market researchers often collect information from primary sources like manufacturers, service providers, and industry experts. The careful study of quantitative data that follows includes statistical modeling and trend analysis. Surveys, expert comments, and interviews all contribute to the development of qualitative insights. A stakeholder’s ability to make educated decisions based on the current state of the market is enabled by the research approach, which guarantees accurate and current information.

The years examined in this study are the following to estimate the Automotive Data Service Market size:
History Year: 2017-2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023 to 2030

Cumulative Impact of COVID-19 on Market:

Because of the COVID-19 pandemic, enterprises all over the world are adopting a remote work culture, which presents new challenges for suppliers. The main difficulty is keeping up with the current developments in ever changing authoritative societies. In any event, following the pandemic, there has been an increase in cloud reception, preparing for the need for dangerous security procedures.

How is this report worth your money?

– By providing comprehensive insights into the market

– Competitive research and analysis

– Helps to gain a different perspective for approaching the crisis, if needed

– Data-driven statistics to help track the growth of market segments or product categories

– Global analysis that gives readers a broader perspective for performing a SWOT analysis

– Presents case context studies from past and present scenarios.

– Expert advice.

Frequently Asked Questions
1. How this industry expected to grow by 2030?
2. Which key trends are driving the demand for this market?
3. Which segment of this market accounted for largest share in 2023?
4. Who are the prominent manufacturers in this market?

Table of Contents:
Chapter 1: Global Automotive Data Service Market Overview

Chapter 2: Economic Impact on Industry

Chapter 3: Market Competition by Manufacturers

Chapter 4: Production, Revenue (Value) by Region

Chapter 5: Supply (Production), Consumption, Export, Import by Regions

Chapter 6: Production, Revenue (Value), Price Trend by Type

Chapter 7: Market Analysis by Application

Chapter 8: Manufacturing Cost Analysis

Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10: Marketing Strategy Analysis, Distributors/Traders

Chapter 11: Market Effect Factors Analysis

Chapter 12: Research Conclusions of Global Automotive Data Service Market

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