About Digital Transformation for Auto motive
The automotive industry is rapidly evolving, from technological advancements to digital transformation. Consumers are becoming more demanding in terms of obtaining a more advanced and superior experience, which is why digital transformation in automotive is becoming increasingly important. Digitization is becoming a growing investment in the automotive industry. Industry companies recognize that, like every other digital sector, they must transform to meet customer demands. The automobile industry is running more rapidly than ever before, thanks to the introduction of new technology in the plant as well as novel consumer goods. Automotive manufacturers have been incorporating digital technology into all aspects of their operations, from product design to procurement, production, and supply chain management, as well as sales and marketing.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Digital Transformation for Auto motive is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Digital Transformation for Auto motive market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Microsoft (United States), Google (United States), Texas Instruments (United States), Cisco Systems, Inc. (United States), Capgemini (France), Dell (United States), Mahindra & Mahindra Ltd. (India), SAP SE (Germany), Cognizant (United States) and HARMAN International. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are NXP Semiconductors (Netherlands), T-Systems International (Germany) and Ericsson (Sweden).
Segmentation Overview
AMA Research has segmented the market of Global Digital Transformation for Auto motive market by and Region.
On the basis of geography, the market of Digital Transformation for Auto motive has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Technology, the sub-segment i.e. Internet of Things (IoT) will boost the Digital Transformation for Auto motive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle Type, the sub-segment i.e. Two-Wheeler will boost the Digital Transformation for Auto motive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Connectivity, the sub-segment i.e. 5G will boost the Digital Transformation for Auto motive 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. Hardware will boost the Digital Transformation for Auto motive market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 21 January 2022, Mahindra & Mahindra (M&M) has Partnered with SAP to spearhead its digital transformation journey SAP will enable Mumbai-based automaker to successfully modernize its technology landscape and enhance overall operations
Market Drivers
- Rising Application of AI and Cloud-Based Technology in Retail Industry
- Emphasizing on Innovative Mobile Logistics System
Opportunities
- Growth and Expansion of Automotive Industry
- Rising Demand For Luxurious Features in Automotive
- Increasing Demand for Passenger Cars in Developing Countries
Restraints
- High Cost of Continually Upgrading Software and Privacy Concern Due to Increasing Cyberattacks
Challenges
- Difficulty in Integration of Application through an Application Program Interface (API)
Key Target Audience
Digital Transformation for Auto motives, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.