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Automotive Data Management Market Size
- Report ID: GMI5236
- Published Date: Mar 2022
- Report Format: PDF
Automotive Data Management Market Size
Automotive Data Management Market size exceeded USD 900 million in 2021 and is projected to expand at over 20% CAGR from 2022 to 2028. The market growth is attributed to the rising demand for the integration of advanced technologies, such as AI, ML & data analytics, across the automotive sector.
Automotive OEMs are emphasizing on AI & ML applications, data analytics tools, cloud computing, and V2V connectivity to facilitate the driving experience. Industry leaders are focusing on the development of advanced automotive data management solutions with strategic collaborations. Companies integrate multiple advanced technologies into several comfort & safety systems, such as ADAS and lane-keeping & control systems, to aid drivers and enhance the driving experience.
The pandemic has slowed the market demand for connected & autonomous vehicles in the globe. Various countries including India, Germany, and Italy have reported a huge decline in the car market. A decline in automotive demand has hampered the industry value for automotive data management solutions.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Automotive Data Management Market Size in 2021: | 900 Million (USD) |
| Forecast Period: | 2022 to 2028 |
| Forecast Period 2022 to 2028 CAGR: | 20% |
| 2028 Value Projection: | 4 Billion (USD) |
| Historical Data for: | 2018 to 2020 |
| No. of Pages: | 382 |
| Tables, Charts & Figures: | 518 |
| Segments covered: | Component, Data Type, Vehicle Type, Deployment, Application and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Automotive Data Management Market Scope
