Growing trending Activities Fuel Demand in the Automotive Data Management and Cloud Platform Market Forecast 2028

The Global Automotive Data Management and Cloud Platform Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28.

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Sep 9, 2024 - 11:30
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Growing trending Activities Fuel Demand in the Automotive Data Management and Cloud Platform Market Forecast 2028

Global Automotive Data Management and Cloud Platform Market Overview:

According to MarkNtel Advisors study the Global Automotive Data Management and Cloud Platform Market is projected to grow at a CAGR of around 32% during the forecast period, i.e., 2023-28. Most of the market growth would be propelled by the ever-evolving demand for connected & autonomous vehicles worldwide and the increasing integration of advanced technologies like the IoT, AI, Machine Learning, Big Data, etc., into automobiles.

Key Findings of the Study: Automotive Data Management and Cloud Platform market

Growth Restraint: Rising Concerns over Cyberattacks & Security Breaches

Various new cybersecurity risks have surfaced in the past few years with the progression of digital transformation in several industries, including the automotive sector. Cybercriminals are adopting highly complex ransomware strategies to harm the business operations of automakers, to which connected cars are majorly contributing owing to the increasing utilization of automotive data analytics in these vehicles. Hence, more & more people are becoming increasingly concerned about data security & privacy, which, in turn, might hamper the growth of the automotive data management and cloud platform market in the coming years.

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Scope of the Automotive Data Management and Cloud Platform Market Report Segmentation

-By Software

  • Data Security
  • Data Integration
  • Data Migration
  • Data Quality

-By Services

  • Professional Services
  • Managed Services

-By Type

  • Relational
  • Non Relational

-By Type of Data

  • Unstructured
  • Semi Structured & Structured

-By End-Users

  • OEMs
  • Service Providers
  • Automotive Dealers
  • Fleet Owners
  • Insurer

-By Hosting Type

  • Shared Hosting
  • VPS Hosting
  • Dedicated Server Hosting
  • Cloud Hosting
  • Managed Hosting
  • Collocation

-By Applications

  • Predictive Maintenance
  • Warranty Analytics
  • Safety and Security Management
  • Driver and User Behavior Analysis
  • Dealer Performance Analysis
  • Infotainment
  • Usage-Based Insurance

For more detailed information about the Automotive Data Management and Cloud Platform market report, click here – https://www.marknteladvisors.com/research-library/global-automotive-data-management-and-cloud-platform-market.html

Geographical analysis:

-By Region

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

Of all regions globally, North America is expected to attain a prominent share of the Automotive Data Management and Cloud Platform Market during 2023-28. It owes to the extensive presence of leading automakers & software development companies, ever-increasing vehicle production & sales, the high adoption of advanced technologies, and significant disposable incomes across the region. Furthermore, the rapidly rising testing & use of self-driving cars in the US owing to favorable traffic regulations that allow autonomous vehicles to ply on roads & highways is another prominent aspect projected to stimulate the regional market growth in the future.

Recent Developments in the Global Automotive Data Management and Cloud Platform Market

  • In October 2022, AWS (Amazon Web Services) & the BMW Group announced a strategic collaboration for the development of customizable cloud software to simplify the distribution & management of data collected from millions of connected vehicles.
  • In October 2022, Microsoft & Mercedes-Benz joined forces to make vehicle production more efficient, resilient, & sustainable. The automaker planned on connecting around its 30 passenger car plants worldwide using Microsoft's new MO360 Data Platform, thereby enhancing transparency & predictability across its digital production & supply chain.

Current Landscape of Automotive Data Management and Cloud Platform Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Automotive Data Management and Cloud Platform market. The research report profiles major players, including

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  • IBM
  • SAP
  • Microsoft
  • Acerta Analytics Solutions
  • Agnik LLC
  • Amodo
  • Azuga
  • Digital Recognition Network
  • Xevo Inc.
  • Procon Analytics

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