Exploring Automotive Data Monetization Market: Rising Trends, Opportunities and Challenges Forecast 2027

A Quick Overview of Automotive Data Monetization Market

The key object of this report on the Automotive Data Monetization Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Automotive Data Monetization Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Automotive Data Monetization Market Scenario:

The Global Automotive Data Monetization Market is projected to grow at a CAGR of 94% during the forecast period, 2022-27. The increasing use of data monetization tools such as Inzata, etc., by automotive manufacturers service providers to effectively determine the performance of their products services, which could aid in corrective maintenance, has made a significant contribution to the global demand for automotive data monetization. Other factors contributing to the growth of the Global Automotive Data Monetization Market include the rising mandates by the European Union the US government to implement Advanced Driving Assistance Systems (ADAS) such as sensors, cameras, data recorders, etc., to eliminate the overburden of mortality caused by road accidents. According to the American Bar Association (ABA), the total number of motor vehicle crashes as a result of poor driving behaviors in the US accounted for about 1.8 million injuries 33,000 fatalities in 2018.

Automotive Data Monetization Market - Industry Dynamics, Size, And Opportunity Forecast To 2027:

Market 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.

Automotive Data Monetization Market Segmentation Analysis:

Automotive Data Monetization Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Application

Insurance
Government
Predictive Maintenance
Mobility as a Service

By Type

Direct
Indirect

By Deployment

Cloud
On Premises

By Region

North America
South America
Europe
Middle East Africa
Asia Pacific.

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Who are the Key Market Players in the Automotive Data Monetization Market?

In the fast-changing Automotive Data Monetization Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Automotive Data Monetization market ruling the industry are:

List of Key Companies Profiled:

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.

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