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Press Release Description

Intelligent Transport System, Autonomous Vehicle and Government Proactive Measures to boost Global Automotive Data Management and Cloud Platform Market 

The global automotive data management and cloud platform market is surging on account of the advancement of technologies such as IoT, Artificial intelligence and machine learning in the automobile industry. However, the COVID-19 pandemic adversely impacted the industry across the globe as the automotive sales witnessed fall due to the pandemic, resulted in the curfew and lockdown in various countries majorly in Europe and APAC. The services market has also witnessed a sharp decline in 2020. However, as per The Automotive Trade Journal Ward’s Auto, there were around 1Bn vehicles on the road in 2010, which increased to 1.2 Bn in 2014 and further, it is expected to reach 2 Bn by 2035. So, the escalation in the automotive industry coupled with rising vehicle fleet post-2020 is expected to increase the demand and market size of automotive data management and cloud platforms across the globe. 

 
Global Automotive Data Management and Cloud Platform Market Outlook
Moreover, the real-time data collected from sensors, GPS is kept on rising. As per Forbes, each person on each would be creating around 1.7 MB data per second by 2020.  So, the data, which is being used for preventive or predictive maintenance and analytics purpose, is creating the need for automotive data management solutions.

According to MarkNtel Advisors’ research report Global Automotive Data Management and Cloud Platform Market Analysis, 2020”, the market size for automotive data management and cloud platform is expected to grow at a CAGR of around 32% during 2020-25. North America grabbed the major market share owing to the presence of numerous solution providers in the region. 

Furthermore, the large volume of data from the automobile sector is contributing to the growth of the market share of the region. As per the Australian Automotive Association (AAA), on average every year an American spends around 17,600 minutes on driving, which would lead to the release of 1.8tb data every year. Therefore, the demand for automotive data management and cloud platform in the region is on the rise.

Safety and Security to Dominate in Forecast Period too
Based on the application, safety and security segment is expected to grab the major market share in the forecast period as the government in various countries imposed some regulations to ensure the safety and security in the vehicle. Therefore, the vehicle manufactures are doing strategic alliances with the security and safety software providers related to vehicle data analytics. For instance: in 2018, the government in European Union made a regulation to deploy an automatic emergency call system (e-call) for all the motor vehicles. So, there would be the release of a large amount of data, therefore it would contribute to the growth in the market hare of safety and security.

In 2019, OEMs grabbed the major market share and the same trend is expected in the forecast period too. The market share of OEMs in the global automotive data management and cloud platform is surging on account of government regulation and also, to gather the data for several purposes such as predictive maintenance, warranty analytics, etc. However, the feet owners are increasingly demanding customized solutions for the predictive maintenance, safety & security purpose due to which the market share of fleet owners is also expected to increase in the forecast period of 2020-25.

 
Software Segment to Grab Lion’s Share in Forthcoming years 
In 2019, the software segment grabbed the major market share and the same trend is expected in the forecast period 2020-25 too. The demand for customized software coupled with the need for data security, integration, migration, and data quality as well as resulting in the growth of the market size of automotive data management and cloud platform across the globe and market share of software segment too.

Furthermore, the relational data captured the major market share in 2019, owning to the growing need for data analytics for several reasons. Also, the continuous advancement in the offering by the software providers coupled with the benefits such as connected data, ease of understanding, etc. Is contributing to the growth of the market share of relational data. Furthermore, cloud hosting is expected to grow at a rapid pace in the forecast period due to features such as speedy server setup process, easy server management dashboard, nicely work even with the scalable traffic, etc., as revealed by MarkNtel Advisors’ research report “Global Automotive Data Management and Cloud Platform Market Analysis, 2020”.

According to MarkNtel Advisors’, the automobile data management and cloud platform industry is highly fragmented due to the presence of numerous players operating in the market. The key players with a considerable market share in the industry are Acerta Analytics Solutions, Agnik LLC (US), Amodo (Croatia), Azuga (US), IBM (US), Digital Recognition Network (US), Microsoft (US), SAP (Germany), Xevo Inc. (US), Procon Analytics (US), etc. The solution providers are doing strategic alliances with the car manufacturers to gain a competitive edge and increase their market share in the industry. For instance: In 2019, IBM announced its partnership with Volkswagen and Vinturas to provide the AI and hybrid cloud solutions in the European country. Furthermore, the BMW announced that the company delivered IoT services to around 1M car owners with the help of IBM cloud foundry in 2019.

“Global Automotive Data Management and Cloud Platform Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Automotive Data Management and Cloud Platform providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.  
     
Market Segmentation:

1.    By Components (Solutions, Services)
2.    By Type (Relational, Non-Relational)
3.    By Type of Data (Unstructured, Semi Structure & Structure)
4.    By Application (Predictive Maintenance, Warranty Analytics, Safety, and Security Management, Driver and User Behaviors Analysis, Dealer Performance Analysis)
5.    By Hosting Type (Shared Hosting, VPS Hosting, Dedicated Service Hosting, Cloud Hosting, Managed Hosting, Collocation)
6.    By End- Users (OEMs, Service Providers, Automotive Dealers, Fleet Owners, Insurer)
7.    By Region (North America, Europe, Asia-Pacific, Middle East, and Africa, South America)
8.    By Countries (U.S, Canada, Mexico, Brazil, Argentina, UK, France, Germany, Spain, UAE, Saudi Arabia, South Africa, China, Japan, India, Australia, Others)
9.    By Company (IBM, SAP, Microsoft, Acerta Analytics Solutions, Agnik LLC, Amodo, Azuga, Digital Recognition Network, Xevo Inc., Procon Analytics, Others)

Key questions answered in the study:

1.    What are the current and future market trends of the Global Automotive Data Management and Cloud Platform industry? 
2.    How the industry has been evolving in terms of end-user demand and application areas?
3.    How the competition has been shaping across the region followed by their comparative factorial indexing?
4.    What are the key growth drivers and challenges for Global Automotive Data Management and Cloud Platform industry?
5.    What are the customer orientation, purchase behavior, and expectations from the Global Automotive Data Management and Cloud Platform firms across various countries? 

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