Market Insights

As per recent research by MarkNtel Advisors, The Global Automotive Data Monetization Market is projected to grow at a CAGR of around 94% during the forecast period, i.e., 2022-27.

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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.

Market Segmentation and Consumer Behavior:

By Application

• Insurance
• Government
• Predictive Maintenance
• Mobility as a Service

By Type

• Direct
• Indirect

By Deployment

• Cloud
• On Premises

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Automotive Data MonetizationMarket Geographical Analysis:

By Region:

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

Key Players and Competitive Strategies in the Automotive Data Monetization Market

Several prominent players dominate the Automotive Data Monetization Market, including:

• 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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Questions Addressed in this Study

1.What factors are driving the Automotive Data Monetization Market growth?

2.How is the Automotive Data Monetization Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Automotive Data Monetization Market?

4.What is the current size of the Automotive Data Monetization Market, and how is it projected to change in the future?

5.What is the future outlook for the Automotive Data Monetization Market in terms of technological advancements and market expansion?

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