Automotive Data Management Market – Global Industry Analysis and Forecast (2023-2029)

Automotive Data Management Market was valued at US$ 1.08 Bn in 2022.Global Automotive Data Management Market size is expected to grow at a CAGR of 20 % through the forecast period.
Automotive Data Management Market Overview:
As the number of connected vehicles grows, so does the demand for automotive data management. Because of the increasing usage of sensor technology in autonomous vehicles, the automotive data management market is growing. The largest automobile data management service providers recently teamed up to create unique & comprehensive data management solutions for automobiles. Woven Planet plans to utilise the cameras to collect data and create its self-driving software effectively, a critical milestone that the company claims would lower costs & allow the technology to scale up. Market players are collaborating to produce innovative automotive data management solutions through strategic collaboration. Organizations combine new technology into many comfort & safety systems, such as ADAS and lane-keeping and control systems, to aid drivers and improve the driving experience.

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Automotive Data Management Market Dynamics:
Market Drivers:

The rise of automotive vehicles: Tesla's Full Self-Driving package, which permits autonomous hands-free operation for highway & freeway driving, will be the closest company to releasing autonomous vehicles by 2022. The automobiles are not self-driving in any sense. German officials even advised Tesla to cease using the term. There are no commercially available fully autonomous vehicles, even among these ground-breaking breakthroughs. Hundreds of autonomous vehicles are already in use in critical areas like mining. As of May 2021, Caterpillar's autonomous trucks had safely moved over 3 Bn tonnes of material in less than 7 years of service. The success of autonomous cars in the mining industry holds some promise for the obstacles that autonomous vehicles confront.

The intervention of Advanced Technologies: New automobile business models will prioritize consumer choice & flexibility. Vehicle subscription models & mobility-as-a-service are projected to gain in popularity in the future years. Dealerships must also strike a balance between clients' requirements for in-person due diligence & the growing demand for virtual showrooms & involvement. Remote work & a new generation of customers are changing people's ideas of vehicle ownership, usage, & mobility in general, while tastes are shifting toward flexible vehicle finance and customized multimodal journeys.

Market Challenges:

Increase in Cyber security threats: With the advancement of digital transformation, new cybersecurity concerns have inevitably arisen. Cybercriminals take advantage of the Covid-19 global epidemic, focusing on organizations & businesses that work remotely. The biggest ransomware demand increased from €13 Mn in the year 2019 to €62 Mn in the year 2021, while the average ransom payment doubled from €71,000 in the year 2019 to €150,000 in the year 2020. Global ransomware damages are expected to reach €18 Bn in 2021, 57 times higher than in 2015.
Automotive Data Management Market Segment Analysis:
Based on Data Type, the Automotive Data Management Market is segmented into Unstructured, Semi structured and structured. Because of the growing usage of connected vehicles, the semi-structured & structured category is expected to increase at a rate of around 25% through 2028. In the year 2022, non-autonomous vehicles accounted for more than 70% of the automotive data management market revenue. The increase can be due to fleet owners around the world adopting autonomous vehicle technologies. The demand for automotive data management solutions is increasing as major truck manufacturers integrate modern communication technologies into their vehicles. Mercedes-Benz, Volvo, and Scania were among the first to integrate fleet telematics, opening up new business opportunities.



Based on the Software, the Automotive Data Management Market is segmented into Data Security, Data Integration, Data Migration, and Data Quality. In 2022, the data security segment dominated with around 25% of the automotive data management market share, owing to an increase in cyberattacks across the automotive market. Because connected vehicles are equipped with advanced sensor systems such as Bluetooth, lighting system ECU, remote keys, and others that record useful and confidential vehicle data, they are more vulnerable to hacks. According to a MMR report study around 85 % of intrusions in autonomous vehicles were observed in the year 2022.

Due to the increased deployment of current technologies such as cloud computing and IoT in the automotive market, the data integration sub-segment led the market by over 30% in 2022 & is expected to grow at a steady rate between 2022 & 2028. Because of the growing need for connected autos, the data migration industry is predicted to grow at a CAGR of around 25% through 2028. Furthermore, by the end of the review period, the data quality segment is expected to have grown significantly, with a market share of roughly 20%. The growing demand for better data analytics solutions to optimize vehicle performance is expected to boost segmentation adoption.
Automotive Data Management Market Regional Overview:
The European region dominated the market with highest share in 2022. The Asia Pacific region is expected to witness significant growth at a CAGR of xx% through the forecast period. In APAC Region, most of the area is home to 60% of the global population. Many of the countries in the region, particularly China & India, have some of the world's fastest-growing populations. Given the region's growing population, it's no surprise that Asia's economies & sectors are continually changing. The car sector is one example. As the population grows, so does the demand for effective mobility. The market for big data in the automotive market is being driven by the desire for connected cars. Despite a general recession in China, where auto sales have dropped for fourteen months in a row as of the end of August 2019, Audi managed an 11 % increase in sales to 660,000 cars previous year, due to strong demand for its popular sport utility vehicles. In the 1st eight months of 2019, the German automaker saw a 2% increase. The Indian Market is expected to reach USD 40 million by 2027.

In North America, with the presence of multiple automakers and software-developing giants in the region, such as Tesla, Nvidia Corporation, General Motors, Microsoft, Apple, and Ford, the North American automotive data management market is expected to surpass USD 1 billion by 2028. These manufacturers and software behemoths are pouring money into car software to create self-driving technologies.

The objective of the report is to present a comprehensive analysis of the global Automotive Data Management Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Automotive Data Management Market dynamic, structure by analyzing the market segments and projecting the Automotive Data Management Market size. Clear representation of competitive analysis of key players by Vehicle type, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Data Management Market make the report investor’s guide.
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Automotive Data Management Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.08 Bn.


Forecast Period 2023 to 2029 CAGR:
20 %
Market Size in 2029:
US $ 3.86 Bn.


 Segments Covered:
by Data Type
• Unstructured
• Semi structured & Structured


by Software Type
• Data Security
• Data Integration
• Data Migration
• Data Quality



Automotive Data Management Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Automotive Data Management Market Key Players
• Acerta
• Agnic
• Amazone Web Services
• AMO Foundation
• Amodo
• Caruso Gmbh
• ETL Solution Ltd
• Teradat Tech
• Vinli
• HEAVY.AI
• IBM Corporation
• Intellias
• National Instrument Corp
• Netapp
• Otonomo Tech Ltd
• SAP SE
• Sibros Tech

Frequently Asked Questions:

1. Which region has the largest share in Global Automotive Data Management Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Automotive Data Management Market?
Ans: The Global Automotive Data Management Market is growing at a CAGR of 20 % during forecasting period 2023-2029.

3. What is scope of the Global Automotive Data Management Market report?
Ans: Global Automotive Data Management Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Automotive Data Management Market?
Ans: The important key players in the Global Automotive Data Management Market are – Acerta, Agnic, Amazone Web Services, AMO Foundation, Amodo, Caruso Gmbh, ETL Solution Ltd, Teradat Tech, Vinli, HEAVY.AI, IBM Corporation, Intellias, National Instrument Corp, Netapp, Otonomo Tech Ltd, SAP SE, Sibros Tech

5. What is the study period of this Market?
Ans: The Global Automotive Data Management Market is studied from 2022 to 2029.