MarkNtel Advisors recently published a report, titled, ” Global Automotive Data Monetization Market By Application (Insurance, Government, Predictive Maintenance, Mobility as a Service), By Type (Direct, Indirect), By Deployment (Cloud, On Premises), As per as the report The Global Automotive Data Monetization Market is projected to grow at a CAGR of 94% during the forecast period, 2022-27.
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Possible Restraint: Rising Concerns over Increasing Cases of Cybersecurity
One of the most significant risks in the digital automotive industry is a lack of cybersecurity expertise, which is required for car data monetization. The purposeful cyber-attack on cars & buses that compromises sensitive information or risks the safe operation of vehicles could negatively impact the growth of the Global Automotive Data Monetization Market during 2022-27. Additionally, the concerns regarding the mounting usage of sensors & other IoT-based solutions that require periodic upgrades are always on the radar of cyber miscreants.
Hence, securing these platforms & solutions requires consistent expenditure, which is another crucial aspect that could restrain the Global Automotive Data Monetization market from expanding in the coming years.
Leading Companies in Global Automotive Data Monetization Market:
Amazon Web Services, Microsoft Corporation, Continental AG, IBM Corporation, Herman International, Tesla Inc., Wejo Limited, Oracle Corporation, Xevo Inc., Tech Mahindra Ltd, Vinli Inc., SmartO, The Floow ltd, Otonomo Technologies, Caruso GmbH.
Global Automotive Data Monetization Market Segmentation:
By Application
-Insurance
-Government
-Predictive Maintenance
-Mobility as a Service
By Type
-Direct
-Indirect
By Deployment
-Cloud
-On Premises
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By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia Pacific.
Key questions answered in the Global Automotive Data Monetization Market are:
•What is Global Automotive Data Monetization Market?
•What was the market size in 2023?
•What is the growth rate of the Global Automotive Data Monetization Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global Automotive Data Monetization Market?
•What segments are covered in the Market?
•Who are the key players in the Global Automotive Data Monetization Market?
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