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The global automotive data monetization market size is expected to reach USD 86.91 Billion at a steady CAGR of 38.5% in 2028, according to latest analysis by Emergen Research.
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Automotive Data Monetization MarketReport 2020-2028 www.emergenresearch.com Surge in number of connected vehicles and consent & activation rates of these vehicles among consumers is fueling market growth.
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Market Summary The global automotive data monetization market size is expected to reach USD 86.91 Billion at a steady CAGR of 38.5% in 2028, according to latest analysis by Emergen Research. Global automotive data monetization market revenue growth is driven due to increased application of advanced analytics and Big Data in automotive manufacturing and to provide more advanced features and services in vehicles, reduce operational costs and investment, and enhance driver and passenger safety. Vehicles are getting increasingly more connected to each other and advancements in road infrastructure and increase in number of sensors being used is resulting in generation of vast data volumes. Data collected can be leveraged and monetized, but this is currently at a nascent stage. Vehicles are able to capture and share different types of data, including on vehicle performance, geolocation, biometric data, and driver behavior. GPS functionality has supported navigation systems for years, and smarter applications of data are adding value in the form of real-time road safety and traffic updates and alerts. Operational functionality and vehicle health data are gaining traction as automotive manufacturers are developing more app-based tools to monitor major maintenance statistics. www.emergenresearch.com
Market Summary • Some Key Highlights From the Report • 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 million of commercial customers and consumers, thereby providing automotive manufacturers access to a stream of revenue. • Predictive maintenance enables insights about the need for maintenance of vehicles before a breakdown occurs. Predictive maintenance analyzes data generated from connected vehicles to understand the need for maintenance with current vehicle sensor data. It saves additional maintenance cost, increases efficiency of vehicles, and improves experience of both customers and companies. It also helps in saving lives from unexpected accidents. • Major companies operating in the market include Continental AG, Tech Mahindra Limited, IBM Corporation, Harman International, Tesla, Microsoft Corporation, Wejo Limited, Oracle, Caruso GmbH, and The Floow Limited. • Request Free Sample Copy@https://www.emergenresearch.com/request-sample/702 www.emergenresearch.com
Market Summary • EmergenResearch has segmented the global automotive data monetization market on the basis of type, deployment type, end-use, and region: • Type Outlook (Revenue, USD Billion; 2018–2028) • Direct • Indirect • Deployment Type Outlook (Revenue, USD Billion; 2018–2028) • On-Premises • Cloud • End-use Channel Outlook (Revenue, USD Billion; 2018–2028) • Insurance • Government • Predictive Maintenance • Mobility as a service (MaaS) • Read More@ https://www.emergenresearch.com/industry-report/automotive-data-monetization-market
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