Automotive Data Monetization Market Growth Dynamics: Size, Share, and Trend Analysis Report

MarkNtel Advisors analyses the growth rate of the Automotive Data Monetization market in the forecast period from 2022 to 2027. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Automotive Data Monetization market, helping them make informed decisions.

Market Outlook – 2022-2027:

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. Other factors contributing to the growth of the Global Automotive Data Monetization Market include the rising mandates by the European Union the US government to implement Advanced Driving Assistance Systems (ADAS) such as sensors, cameras, data recorders, etc., to eliminate the overburden of mortality caused by road accidents. According to the American Bar Association (ABA), the total number of motor vehicle crashes as a result of poor driving behaviors in the US accounted for about 1.8 million injuries 33,000 fatalities in 2018.

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Key Company Profiles

This report explores recent significant developments in the Automotive Data Monetization Market, focusing on the leading companies and their innovative profiles. The major players in the Automotive Data Monetization Market, featured in this report, include:

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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Market Segmentation Coverage

This research report by MarkNtel Advisors categorizes the Automotive Data Monetization Market to forecast revenues and analyse trends across each of the following sub-markets:

By Application
- Insurance
- Government
- Predictive Maintenance
- Mobility as a Service

Of them all, the Insurance application captured a major market share with around 59% CAGR in the Global Automotive Data Monetization market during 2017-21.

By Type
- Direct
- Indirect
By Deployment
- Cloud
- On Premises
By Region
- North America
- South America
- Europe
- Middle East Africa
- Asia Pacific

Key Driver: Booming Worldwide Popularity of Connected Cars

The growing demand for the Advanced Driving Assistance System (ADAS) to assist drivers with safe functionality reduce car accidents has been registering an exponential growth over the past couple of years. Government regulations in various European North American countries regarding the adoption of ADAS in cars are driving the Global Automotive Data Monetization market. For instance, an Anti-Locking Braking System (ABS) has been made mandatory for all commercial vehicles in Europe the US. Furthermore, the rollout of the 5G network is likely to flourish the procurement of autonomous vehicles, which, in turn, would also contribute to the overall market growth.

Moreover, leading automakers have started focusing on data monetization throughout the connected vehicle life cycle. Therefore, this frontier has opened new revenue streams in the form of monthly subscriptions for premium connectivity services, paid over-the-air (OTA) upgrades, etc. Hence, all these aspects would play a crucial role in driving the Global Automotive Data Monetization market during 2022-2027.

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Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.