The Automotive Data Analytics Market is expected grow at a CAGR of 26.5% due to advancement in machine learning and Artificial Intelligence technologies.According to the Report “Automotive Data Analytics Market: By End-User (OEM, After-Market & Insurance); By Type (Software, Services); By Deployment Type (Cloud & On-Premise); By Application (Sales & Marketing, Customer behavior& Management & Others) & By Geography — Forecast (2018–2023),” published by IndustryARC, the market is driven by automotive OEMs for developing advanced technologies and integrating in connected cars.To access the full report, click the link below:https://industryarc.com/Report/17997/automotive-data-analytics-market.htmlThe evolving transformation of technologies, applications and services in the automotive sensors to artificial intelligence to data analytics play a vital role to provide list of data sets in accordance to car’sperformance..The data analyticsis primarily used for design and manufacturing in the automotive sector.
A lot of savings is seen in terms of cost can be achieved with an efficient inbuilt automotive analytics system.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 mainlyfocused by the significantgrowth in cabaggregator companies’ development, which has witnessed growing ease of progress of smart cities and IoT proliferation.Selected Technology Types Analysis Done in the Full Report:On the basis of channel type, the automotive OEM segment is anticipated to maintain its leading position from 2018to 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.Excerpts on Market Growth Factors:Fuel management poses and greater challenge in the automotive industry.