Home > Automotive > Automotive Technology > Automotive Software > Automotive Data Management Market

Automotive Data Management Market Size

Report ID: GMI5236
Published Date: Mar 2022
Report Format: PDF

Download Free Sample

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.

To get key market trends

Download Free Sample

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.

Automotive Data Management Market Report Attributes
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:	Emergence of autonomous vehicles Increasing investments in the automotive sector Rising number of electronic products in autonomous vehicles Intervention of innovative technologies for advanced user interface
Pitfalls & Challenges:	Increase in cybersecurity threats for connected vehicles Maintenance & troubleshooting of automotive data management software

Learn more about the key segments shaping this market

Download Free Sample

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive data management generated USD 900 million in annual revenue in 2021 and is pegged to record a 20% CAGR between 2022 and 2028 due to the rising adoption of advanced technologies.

Automotive data management software segment accounted for over 75% of Canada market share in 2021 and will grow with the higher requirement for customized solutions across end-users such as OEMs, service providers, insurers, and others.

The industry share of cloud-deployed automotive data management solutions in Germany is expected to strike a CAGR of around 20% through 2028 owing to the rising popularity of both autonomous and non-autonomous vehicle systems.

North America market is anticipated to be valued at around USD 1 billion by 2028 led by the strong presence of several automakers and software-developing giants.