Skip to main content

Automotive Data Monetization Market Report-Size Set for Rapid Growth and Trend by 2030

 Data monetization is presently at an early stage of adoption, it has been made an important part of the strategy in many high-performing and fast-growing companies, especially from retail, services, automotive, finance, and banking sectors. With the rising number of autonomous vehicles on roads, a massive amount of data is being generated due to the growing count of sensors connecting these vehicles to each other and to external infrastructures providing information on geolocation, vehicle performance, driver behavior, biometrics along with other data, from these central intelligence-driven machines. This car-generated data has the potential of being turned into valuable products and services by the evolving automotive ecosystem.

The collection of automotive-generated data has been paced at a reasonable rate, yet the monetization of this automotive data is still in its nascent stage. The growth of the overall revenue pool from car data monetization at a global scale comes from the ability of the market players to develop products that create revenue, reduce costs, and ensure safety and security by using the data generated by cars, drivers, and mobility systems. These promising aspects lure both automotive and non-automotive companies to the financial benefit of the available automotive data pool. Original equipment manufacturers (OEMs) have themselves been investigating data monetization increasingly but have been traditionally reluctant in sharing the data with third parties. However, they are gradually heightening the sharing of vehicle-generated data with the participants in-car data markets and creating new revenue streams for themselves.

The global automotive data monetization market is estimated to grow with a CAGR of 63.67% during 2020-2030 and reach a market size of $20.34 Billion by the end of 2030. 

Market Segmentation


•    End User – Insurance, Government, Predictive Maintenance, and Mobility as a Service

•    By Deployment Type- Cloud, On Premise

•    Type – Direct, Indirect


Regional Segmentation

•    North America - U.S., Canada, and Mexico

•    Europe – Germany, Italy, France, and Rest-of-Europe

•    Asia-Pacific and Japan (APJ) – Japan, South Korea, and Rest-of-APJ

•    U.K.

•    China

•    Rest-of-the-World


Growth Drivers

•    Rise in Vehicle Connectivity Fueling the Demand for Monetizing Data

•    New Service Opportunities for Automotive OEMs

•    Need for Creating Customer Value Proposition


Market Challenges

•    Cybersecurity Risk

•    Legal Challenges of Personal Data Monetization

•    Issues with Data Quality


Market Opportunities

•    Use of Blockchain


Key Companies Profiled

Continental AG, Wejo Limited, Otonomo, Xevo, IBM, Oracle, Tesla, Harman International, AWS, Microsoft Corporation, Tech Mahindra Limited, SMARTO, Vinli Inc, Caruso GmbH, and The Floow Limited.

Request a Sample - https://bisresearch.com/requestsample?id=1094&type=download

Labels:

Comments

Post a Comment

Popular posts from this blog

Clinical Decision Support Systems (CDSS) Market registering a CAGR of 6.70% during the forecast period 2021-2030

The global market for clinical decision support systems (CDSS) registered the market value of $1,918.8 million in 2020 and is expected to reach $3,739.2 million by 2030, registering at a CAGR of 6.70% during the forecast period 2020-2030. The clinical decision support systems of the future are expected to be developed to leverage data to make observations which are not interpretable by humans. Healthcare IT systems in the future are expected to leverage cutting-edge technology as an enabler to make clinical care more streamlined and accurate. The technology is still in its nascent stage. One of the strong points of this technology is that it improves with time. Continuous input from clinicians, patients, and other stakeholders will be essential for correctly implementing the technology to enhance meaningful uses, reduce costs, and improve treatment outcomes. Key USPs of the Report Following are some of the key contents of the report: •     Industry Analysis    ...
Post a Comment
Read more

Microbiome Therapeutics Market Growth, Segmentation, Opportunity and Forecast to 2032

  Global microbiome therapeutics market is expected to grow further in the coming years due to the continuous increase in awareness and need for better and safer treatment alternatives and the dominance of gastrointestinal (GI) and infectious diseases segment can be attributed to the existing dominance of microbiome therapeutics available for a variety of indications ranging from diarrhea and gut dysbiosis to skin disorders, cancer indications among others. The global microbiome therapeutics market which accounted for $306.3 million in 2021 is expected to reach $3,204 million by 2032, reporting a CAGR of 24.95% during the forecast period 2022-2032. The existing   microbiome therapeutics market    is favored by multiple factors, including the rising geriatric populations coupled with the increasing adoption of inorganic growth strategies by key players in the market. Impact of COVID-19 There were numerous consequences due to the COVID-19 pandemic, especially...
Post a Comment
Read more

Hyperspectral Imaging Market Projections , Upcoming Trends Focus on Long-Term Impact of Covid-19 and Forecast By 2027

  The global  hyperspectral imaging market  was estimated to be at $791.2 million in 2021, which is expected to grow with a CAGR of 13.17% and reach $1,640.3 million by 2027.The growth in the global hyperspectral imaging market is expected to be primarily driven by increased awareness of the technology in different sectors such as agriculture, healthcare, and mining. The hyperspectral imaging technology has great potential, and the market is anticipated to grow during the forecast period owing to the widespread applications of HSI, increasing investments for RD activities, increasing demand from military and defense sectors, increased food safety concerns, and increasing awareness regarding early diagnosis of diseases.   COVID-19 Impact and Post-COVID-19 Scenario The COVID-19 pandemic had a debilitating impact on the global ecosystem. The pandemic led to a shutdown of production facilities, which do not come under essential goods, which led to a negative impact on se...
Post a Comment
Read more