Global Automotive Data Management Market Outlook: Growth Forecast and Industry Dynamics
The automotive data management market size is expected to reach USD 13.39 Billion in 2032 and register a steady revenue CAGR of 20.4% during the forecast period, according to latest analysis by Emergen Research. Increasing technological advancements, such as launch of Artificial Intelligence (AI)-based applications, Machine Learning (ML), big data, and Internet of Things (IoT), is the key factor driving market revenue growth. Automotive data management includes collecting, organizing, and storing data related to the operation and performance of vehicles, which is essential for maintaining the safety and efficiency of vehicles, as well as supporting vehicle design and engineering. For instance, on 28 March 2023, MediaTek, a global innovator in connectivity and multimedia, collaborated with NVIDIA to provide new experiences for drivers and passengers inside the automobile. The objective of this cooperation is to provide a global one-stop shop for the automotive se...