Big Data Analytics In Automotive - What Is Driving The Change In The Market Size And How The Shares Are Being Reassigned Among The Key Players?

Multiple Problems. One solution.

To tackle complicated problems, big data analytics refers to technology that takes, stores, manages, and analyses enormous and variable data. In the automobile industry, big data analytics aids in the analysis of data from fleet operators and vehicle users. It is widely used for casting and optimization in a variety of industries.

What drives the Big Data Analytics in Automotive market forward?

Big data analytics in the automotive market is driven by increased awareness of the benefits of big data analytics, advancements in big data platforms, unrelenting investment by web giants and automotive leaders, and expansion in data volume. Lack of analytical specialists and ambiguous big data plans, on the other hand, are likely to stifle the expansion of big data analytics in the automobile industry. The advancement of cloud analytics paves the way for a variety of new business prospects. Although scalability and system maintenance, as well as data protection, are two of the market's largest difficulties in the near future.

The big data analytics market is still in its early stages, with minimal competition. To increase their market share and expand their portfolio, market leaders use new product introduction and product innovation as major strategies. SmartDrive Systems, Inc., for example, launched the SmartIQ Transport Intelligence suite in January 2016 for real-time actionable data, predictive analysis, and prescriptive actions.

Insights into Key Companies and Market Share

Components, services, applications, and geography are all used to segment the market. It is divided into three categories: hardware, software, and services. Managed service and professional service are the two types of services available. Product development, manufacturing & supply chain, after-sales, warranty & dealer management, connected vehicles & intelligent transportation, and marketing, sales & other applications are the different types of applications. It is divided into four regions: North America, Europe, Asia-Pacific, and LAMEA.

Advanced Micro Devices, Inc., Big Cloud Analytics, Inc., BMC Software, Inc., Cisco Systems, Inc., Deloitte LLP, Fractal Analytics Inc., IBM Corporation, Rackspace, Inc., Red Hat, Inc., and SmartDrive Systems, Inc. are among the prominent industry competitors profiled in this study.

Key Benefits of the expert report from the Industry Data Analystics Team

• This paper examines present and future industry trends in the fast-paced worldwide market for big data analytics.
• The study includes a quantitative analysis of current and future market forecasts from 2016 to 2023, which aids in identifying market opportunities.
• An in-depth examination of the global big data analytics market by type aids in the understanding of existing practices and the making of smarter investment decisions.
• This study profiles key industry participants in the big data analytics market and analyses their strategies in depth, allowing readers to better understand the competitive landscape for global big data analytics products and services.
• Monitoring the main competitors inside the market framework allows for a thorough market study.
• The report includes a detailed analysis of the market's driving and limiting forces.

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