Introducing the Global Automotive Data Monetization Market: An Insightful Research Report
A recently published research report by MarkNtel Advisors reveals compelling findings on the growth potential of the Global Automotive Data Monetization Market Size, Share, Growth, Demand, And Future FY2027. The report projects a robust expansion of approximately 94% CAGR during the period of 2022-27. Employing comprehensive analytical techniques, the researchers have meticulously examined market dynamics, presenting an array of statistical data spanning the historic years 2017-20 and the base year 2021. The findings are thoughtfully illustrated through graphs, diagrams, tables, and pie charts, offering stakeholders a clear understanding of the industry's trajectory and empowering them to make well-informed decisions.
In addition to providing an overarching industry overview, the report also encompasses business-oriented tactics, strategies, and revenue generation plans set forth by prominent players within the projected timeline. Furthermore, it conducts an assessment of the leading companies that hold the highest stakes in the market.
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Key Aspects Covered in the Global Automotive Data Monetization Market Report -
The report highlights significant developments, trends, the introduction of new services, expansions in product portfolios, revenue generation, stakeholder investments, growth strategies, and the influence of governments. These parameters collectively aim to enlighten stakeholders and enable them to make informed decisions.
Key Driver: Booming Worldwide Popularity of Connected Cars
The growing demand for the Advanced Driving Assistance System (ADAS) to assist drivers with safe functionality reduce car accidents has been registering an exponential growth over the past couple of years. Government regulations in various European North American countries regarding the adoption of ADAS in cars are driving the Global Automotive Data Monetization market. For instance, an Anti-Locking Braking System (ABS) has been made mandatory for all commercial vehicles in Europe the US. Furthermore, the rollout of the 5G network is likely to flourish the procurement of autonomous vehicles, which, in turn, would also contribute to the overall market growth.
Moreover, leading automakers have started focusing on data monetization throughout the connected vehicle life cycle. Therefore, this frontier has opened new revenue streams in the form of monthly subscriptions for premium connectivity services, paid over-the-air (OTA) upgrades, etc. Hence, all these aspects would play a crucial role in driving the Global Automotive Data Monetization market during 2022-2027.
Segmentation Analysis of Global Automotive Data Monetization Market –
The report features a comprehensive analysis of all segments profiled in the Global Automotive Data Monetization Market research report, highlighting their expansion across different geographic regions. It provides in-depth insights into the overall size and volume of products/services, along with an examination of their demand and industry fluctuations. Furthermore, the report familiarizes stakeholders with demand, production, and distribution mapping, providing valuable insights into potential growth opportunities in the coming years.
The segmentation analysis is as follows -
By Application
- Insurance
- Government
- Predictive Maintenance
- Mobility as a Service
By Type
- Direct
- Indirect
By Deployment
- Cloud
- On Premises
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Geographical Coverage –
The Global Automotive Data Monetization Market spans across the following regions/countries:
- North America
- South America
- Europe
- Middle East Africa
- Asia Pacific
Recent Developments in the Global Market
In January 2021, Infosys expanded its relationship with Snowflake to create new data-powered offerings revenue models while managing cloud consumption efficiently. It includes hyper data economy for enterprises business solutions from Infosys Cobalt portfolio.
In May 2021, Ford Motor Company planned to launch its Power-up over-the-air update capability and is expected to produce 33 million vehicles by the end of 2028. The new system would collect data on millions of commercial consumer customers, allowing automakers to generate cash.
Top Companies in Global Automotive Data Monetization Market
- Amazon Web Services
- Microsoft Corporation
- Continental AG
- IBM Corporation
- Herman International
- Tesla Inc
- Wejo Limited
- Oracle Corporation
- Xevo Inc.
- Tech Mahindra Ltd
- Vinli Inc
- SmartO
- The Floow ltd
- Otonomo Technologies
- Caruso GmbH
Reasons to Buy the Global Automotive Data Monetization Market Report -
- The Global Automotive Data Monetization Market research report offers unbiased and accurate insights into the ever-evolving industry landscape. It equips stakeholders with the necessary understanding of key trends shaping the market, enabling them to develop effective business strategies. This study serves as a valuable tool for gauging the market's growth potential and understanding the competitive landscape, aiding strategic investments.
- In conclusion, the research report by MarkNtel Advisors presents a compelling and insightful analysis of the Global Automotive Data Monetization Market. With its meticulous research methodology, comprehensive data representation, and in-depth examination of key market dynamics, the report serves as a valuable resource for industry stakeholders.
- By providing a detailed overview of the market's historical performance and projecting its future growth, the report equips stakeholders with a solid foundation for decision-making. The comprehensive analysis of revenue generation across different geographical segments offers a nuanced understanding of market trends and consumer behaviours, enabling businesses to align their strategies accordingly.
- The research report's credibility stems from the unbiased and accurate data gathered using robust analytical tools such as SWOT and PESTLE analysis. These methodologies ensure that the information presented is objective and reliable, and enable stakeholders to make well-informed decisions.
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Explore the Report's Framework: Get Oriented with the Table of Contents for a Clear Understanding
- - Market Segmentation
- - Introduction
- - Executive Summary
- - Market Porters Five Forces Analysis
- - Market Technological Changes
- - Market Trends Insights
- - Market Dynamics
In summary, the research report by MarkNtel Advisors offers an in-depth and comprehensive analysis of the Global Automotive Data Monetization Market. By providing valuable insights into market dynamics, trends, and competitive landscape, the report empowers stakeholders to make informed decisions, seize opportunities, and stay ahead in this dynamic industry
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, individuals, among others.
Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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