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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,
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MARKET RESEARCH REPORT Global Automotive Data Monetization Market Research Report: Forecast (2022-2027) MARKNTEL ADVISORS
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Market Insights 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.
Market Drivers Possible Restraint: Rising Concerns over Increasing Cases of Cybersecurity One of the most significant risks in the digital automotive industry is a lack of cybersecurity expertise, which is required for car data monetization. The purposeful cyber-attack on cars & buses that compromises sensitive information or risks the safe operation of vehicles could negatively impact the growth of the Global Automotive Data Monetization Market during 2022-27. Additionally, the concerns regarding the mounting usage of sensors & other IoT-based solutions that require periodic upgrades are always on the radar of cyber miscreants. Hence, securing these platforms & solutions requires consistent expenditure, which is another crucial aspect that could restrain the Global Automotive Data Monetization market from expanding in the coming years.
Market Segments 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, Asia-Pacific, the Middle East & Africa), By Company (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.)
Top Companies 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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