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Automotive Data Analytics Market Forecast(2018-2023)

Now, as the increase in technologies of automotive industry, the demand of connected vehicles have now been elevating the demand for data analytics to analyze and gain the customer behavior and evaluating and projecting future demand. Before, data analytics was limited to sales and marketing, but now we are adopting it in manufacturing operations, product development stage, logistics sector and aftermarket services. The automotive data analytics market is expected to grow at a CAGR of 17% during the forecast period i.e. 2018 to 2023.<br>

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Automotive Data Analytics Market Forecast(2018-2023)

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  1. A Glimpse of What Lies Ahead for the Automotive Data Analytics Market Forecast(2018-2023)

  2. Asia-Pacific will Witness Highest Growth gain in the Automotive Data Analytics Market: Asia-Pacific is expected to have the highest growth rate during the forecast period in the vehicle data analytics market. The top nations that are contributing towards growth in the sub-regions are China, Japan, Singapore, South Korea and India. The market is mainly focused by the significant growth in cab aggregator companies’ development, which has witnessed growing ease of progress of smart cities and IoT proliferation. The automotive industry is looking forward to majorly focus on the regions like China, India, Malaysia and Thailand that holds extreme potential of adoption of advanced technologies in the near future. Cloud technologies play a huge role in the APAC region and has compelling trends that imply enormous growth opportunities. Contact : sales@industryarc.com

  3. Selected Regulatory Analysis Done in the Full Report: On the basis of channel type, the automotive OEM segment is anticipated to maintain its leading position from 2018 to 2023. This is mainly due to products performance and posing advanced version of services in vehicle analytics by automotive OEMs. At present, the OEM segment holds the largest revenue share in the global market. By analytics type segment the market is sub-segmented into Descriptive Analytics, Predictive Analytics and Prescriptive Analytics. Among all, the Predictive Analytics in automotive market is projected to enhance in the next forecast period of 2018-2023. This is possible due to advanced analytics techniques and also through the connected car technology. Contact : sales@industryarc.com

  4. Selected Driving Factors Mentioned in the Full Report: • Fuel management poses and greater challenge in the automotive industry. With the use data and analytics and accessibility to greater amount of data, the usage of fuel will become ultra-efficient and gain the capability to make measurable increases in driver productivity. • A survey done by National Automotive Board said that growing rate of accidents is due to faults or damages found in the automotive parts. With respect to this use of analytics, damaged parts of a vehicle can be identified before it causes interruptions in daily use. This will lead the driver to identify the pattern and precede an accident to manage the situations. Contact : sales@industryarc.com

  5. Key Players of the Automotive Data Analytics Market Google Inc. SAP SE Microsoft corporation Bosch Software Innovations GmbH International Business Machine (IBM) Corporation Oracle corporation Drust Sight Machine ZenDrive Others • • • • • • • • • Download Sample Report • Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Analyst Briefing Company Profile Key Data Tables Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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