About Big Data in Automotive
Big data analytics in automotive industry is helping the manufacturers to increase the efficiency in marketing as well as sales. It has improved the working by incorporating utilities like predictive maintenance. The big data analytics is helping the automotive industry in various departments such as design and production, supply chain improvements, and automobile financing. For instance, data related to real world driving experience is allowing the manufacturers to improve parameters like safety, fuel economy, engine efficiency, and battery power in automobiles. In supply chain, the company can compare cost, reliability and quality of concerned product components and machinery using big data.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Big Data in Automotive market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Accenture (Ireland), HCL Technologies Limited (India), IBM Corporation (United States), Infosys Limited (India), LHP Engineering Solutions (United States), Adobe Systems Inc. (United States), Allerin Tech Pvt Ltd (New Zealand), Auriga, Inc. (United States), Capgemini SE (France), Dataiku (United States) and Deloitte Touche Tohmatsu Limited (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are DXC Technology (United States), Happiest Minds (India) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Big Data in Automotive market by , Application (Research & Development, Manufacturing, Procurement, Supply Chain Management, Marketing, Transportation & Distribution, Sales & Service, Aftermarket and Customer Behavior Analytics) and Region.
On the basis of geography, the market of Big Data in Automotive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Data type, the sub-segment i.e. Structured will boost the Big Data in Automotive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Software deployment type, the sub-segment i.e. Cloud will boost the Big Data in Automotive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Software will boost the Big Data in Automotive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand of Machine Learning in Various Industries
Market Growth Drivers:
Benefits of Big Data Analytics Such as Operational Efficiency is Fuelling the Market and Usage of Smart Technologies Such as Sensors, Advanced Processors, and Others are Generating Data
Challenges:
Lack of Skilled Professionals with Technical Skills
Restraints:
Inability to Manage Huge Amount of Data Effectively
Opportunities:
Increasing Dependencies by Enterprises on Big Data and Growing Importance of Big Data for Designing and Manufacturing Processes
Market Leaders and their expansionary development strategies
In July 2020, IBM has acquired WDG Automation which designs and develops robotic process automation (RPA), intelligent virtual agents (IVA) and artificial intelligence software.
On October 2019, Fujitsu Limited has announced that it will launch a new stream data processing platform for service providers for maximising the use of big data collected from connected cars. It facilitates simple and efficient automotive big data analysis by leveraging Fujitsu's data processing technology.
Key Target Audience
Automobile manufacturers, Software vendors, Government associations, Research organisations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.