Lucintel's latest market report analyzed that automotive data management provides attractive opportunities in the predictive maintenance, warranty analytics, safety & security management, driver & user behavior analysis, and dealer performance analysis applications. The automotive data management market is expected to reach $XX billion by 2028 with a CAGR of 4% to 6%. In this market, software is the largest segment by component, whereas driver & user behavior analysis is largest by application. Intervention of innovative technologies for advanced user interface and improvements in V2V and V2I communication provides strategic growth path in this market.
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Based on component, the automotive data management market is segmented into software and service. The software segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to increasing demand and adoption of automotive software among end-users such as fleet owners, transportation and logistics companies, automotive manufacturers, and demand for customized software solutions for a better driving experience.
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The Automotive Data Management Market is marked by the presence of several big and small players. Some of the prominent players offering automotive data management include Acerta Analytics Solutions, Inc., Caruso GmbH, AMO Foundation, Amazon Web Services, Inc., IBM Corporation, ETL Solutions Limited, SAP SE, Teradata Corporation, Otonomo Technologies Ltd., and Sibros Technologies, Inc..
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