Automotive Data Management Market Analysis

Automotive Data Management Market Analysis

In Canada, automotive data management software market accounted for 75% of revenue share in 2021 due to the rising demand for customized data management solutions across various end-users such as OEMs, service providers, insurers, and others. Automotive companies are extensively using advanced data management solutions, such as data security, data integration, data migration, and data quality, to improve their vehicle performance and provide an enhanced customer experience. It offers several benefits such as improved vehicle quality, operational efficiency, reduced product recalls, improved cybersecurity response time, complexity management, and end-to-end security.
 

In the UK, the semi-structured and structured data type is predicted to observe a 25% growth rate till 2028 impelled by the growing demand for connected vehicles and autonomous vehicle technologies. The AI and machine learning techniques need to be stored in vehicles in the form of structured data to function like human intelligence. Advancements in big data concepts have helped automakers to store structured & semi-structured data effectively in vehicles so that the vehicle itself collects, stores, analyzes & compares the data to make a sensible output from it and to take decisions like humans.
 

In China, non-autonomous vehicles dominated more than 70% of the automotive data management market in 2021 propelled by the integration of various advanced technologies for various automotive applications such as in-vehicle payment, parking assistance, advanced car infotainment, voice assistance, GPS, and entertainment. The automotive ecosystem includes OEMs, suppliers, dealers, insurers, fleets, tech players, and end-users. To simplify the ecosystem process, data management software plays a critical role, which again will boost the customer satisfaction ratio.
 

In Germany, the cloud deployment model of automotive data management solutions is anticipated to grow at a CAGR of 20% by 2028 owing to the increasing usage of advanced cloud technologies in the automotive sector. Cloud technology is popular in both autonomous and non-autonomous vehicle systems. The acceptance of cloud technology is reshaping the automobile industry by providing improved cost-efficiency, better scalability, increased reliability, and faster time-to-market facility. Different software giants are investing in cloud-based technologies for the auto industry.
 

Indian automotive data management market for predictive maintenance application segment is estimated to reach USD 40 million by 2028 on account of the growing adoption of IoT & data analytics technologies in the automotive sector. Predictive maintenance helps in predicting and identifying major vehicle issues. It offers several advanced features such as end-to-end service operations, improved vehicle performance, cost-saving, and improved reliability. Predictive maintenance applications also provide roadside assistance, track vehicle health, and enhance security.
 

North American automotive data management market is slated to cross USD 1 billion by 2028 due to the presence of several automakers & software-developing giants including Tesla, Nvidia Corporation, General Motors, Microsoft, Apple, and Ford in the region. These automakers and software giants are investing extensively in automotive software to develop autonomous technology solutions.