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.

The Global Automotive Data Monetization Market Research Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.

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Global Automotive Data Monetization Market – Overview:

The latest market intelligence report, titled ‘Global Automotive Data Monetization Market’, is intended to provide the target audience with the necessary information about the global Automotive Data Monetization industry. The report comprises a detailed analysis of the vital elements of the Automotive Data Monetization market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.

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.
• Cloud segment accounted for a larger revenue share in 2020 due to better scalability, improved cost-efficiency, increased reliability, and faster time to access new technologies as a readily available service. Cloud-based deployment is key solution for OEMs due to the above benefits.

Competitive Landscape:

The key players in the market are adopting various strategies such as mergers and acquisitions, product launches, partnerships, collaborations and brand promotions to retain their market position and enhance their product base.  The report also sheds light on the market players in the global Automotive Data Monetization Market with important details about each market player such as its global position, financial standing, production and manufacturing capacity, license agreement, and business expansion plans.

Key Companies 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.

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The primary aim of the report is to offer precise information to the readers and investor and help them invest after understanding the market dynamics at glance. The report offers in depth information about the competitive landscape of the global Automotive Data Monetization Market with extensive profiling of each market player with its global position, financial standing, business expansion plans, and license agreement.

Regional Analysis:

The report sheds light on the region expected to dominate the Automotive Data Monetization market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Automotive Data Monetization market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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Emergen Research 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)

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Automotive Data Monetization Market Definition

    1.2. Research Scope 

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Automotive Data Monetization Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Automotive Data Monetization Market Segmentation & Impact Analysis

    4.1. Automotive Data Monetization Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Automotive Data Monetization Market indicators analysis

          4.2.2. Automotive Data Monetization Market drivers analysis

Key Questions Answered in the Report:

• What is the growth rate of the Automotive Data Monetization market? What is the anticipated market valuation of Automotive Data Monetization industry by 2028?
• What are the key growth driving and restraining factors of the Automotive Data Monetization market?
• Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
• What are the key opportunities and growth prospects of the Automotive Data Monetization industry over the forecast period?
• Which region is expected to show significant growth in the coming years?

Continued…

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About Emergen Research

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