The North America Automotive Data Management Market would witness market growth of 17.2% CAGR during the forecast period (2022-2028).
A contemporary automobile's automotive system comprises the hardware, i.e. sensors, actuators, and electronic control units (ECU), and the many bus systems utilized for their connection and communication. Moreover, the software created to satisfy ever-increasing functionality in a vehicle is part of such a system. Especially the latter has grown fast over the past decade, creating automobile systems software-heavy IT systems. This development is accompanied by a rise in data volume.
In addition, often mechanical components are replaced with electronic ones, such as when contemplating X-By-Wire technology or driver aid systems such as ESP (Electronic Stability Program). Therefore, it is essential to ensure the dependability and safety of an automobile system while offering effective and adaptable data handling. In reality, each ECU in such a system manages its data using its own internal data structures. Consequently, problems that may arise (such as inconsistencies or concurrency issues) are resolved locally via techniques built directly on the hardware.
Transport Canada announced in May 2019 a pan-Canadian electric car rebate scheme with a $5,000 discount on the price of a newly acquired electric vehicle. Electric car sales grew in Canada during the second quarter of 2019. However, considering that none of the markets' higher sales rates persisted into the second quarter, the lowered incentive amount may have a shorter duration than Ontario's $10,000 incentive. After a strong start in the second quarter of 2019, EV sales in other Canadian markets with government incentive programs climbed just marginally. Increasing production of electric vehicles drives the utilization of automotive data management to make automobiles more appealing and well-tracked, hence boosting market development.
The US market dominated the North America Automotive Data Management Market by Country 2021; thereby, achieving a market value of $957 million by 2028. The Canada market is experiencing a CAGR of 19.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 18.8% during (2022 - 2028).
Based on Component, the market is segmented into Software and Services. Based on Data Type, the market is segmented into Structured and Unstructured. Based on Application, the market is segmented into Driver & User Behavior Analysis, Safety & Security Management, Predictive Maintenance, Warranty Analytics and Dealer Performance Analysis. Based on Deployment Type, the market is segmented into Cloud and On-premise. Based on Vehicle Type, the market is segmented into Non-autonomous and Autonomous. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automotive Data Management Market is Estimated to reach $3.7 Billion by 2028, at a CAGR of 17.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sibros Technologies Inc., Azuga, Inc. (Bridgestone Corporation), Microsoft Corporation, SAP SE, IBM Corporation, Amazon Web Services, Inc. (Amazon.com, Inc.), Otonomo Technologies Ltd., Agnik LLC, Procon Analytics, LLC and Xevo, Inc. (Lear Corporation) .
By Component
By Data Type
By Application
By Deployment Type
By Vehicle Type
By Country
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