Artificial Intelligence
Automotive Data Management Market Size To Reach USD 4,807 Million By 2030 – Exclusive Report By Acumen Research And Consulting
NEW YORK, May 31, 2022 (GLOBE NEWSWIRE) — The global automotive data management market size is estimated to grow a CAGR above 20.5% over the forecast timeframe and reach a market value of around USD 4,807 million by 2030.
In the automotive industry, data analytics is becoming increasingly crucial. As OEMs come up with innovative autonomous models, data management systems’ analytics and valuation solutions will become more prominent. The demand for connected automobiles has increased as technologies in the automotive sector has advanced, as has the need for data management systems to analyze and gain user behavior, as well as analyze and understand customer needs. Previously limited to marketing and sales, data analytics is now being used in product development, industrial processes, logistics, and aftermarket solutions. However, the increasing use of connected vehicles is increasing the demand for automotive data management. The growing usage of embedded sensors in self-driving automobiles is driving the automotive data management market forward.
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As a result of developing technologies such as IoT and 5G, the vehicle industry is undergoing a profound transition, with the goal of altering the driving experience. To increase productivity and company growth, automotive manufacturers are integrating Industry 4.0 concepts in production, design, and supply chain management. There is also a general shift away from internal combustion engines and toward alternative forms of transmission, such as electric, hybrid, and hydrogen fuel cells. Data is important to realizing the automobile industry’s shift. Upgrading the automobile sector, the data management technology aids in the analysis of customer and user behavior in order to improve overall driving performance and maintain the condition of the car.
Report Coverage
| Market | Automotive Data Management Market |
| Market Size 2021 | US$ 920 Mn |
| Market Forecast 2028 | US$ 4,807 Mn |
| CAGR | 20.5% During 2022 – 2030 |
| Analysis Period | 2018 – 2030 |
| Base Year | 2021 |
| Forecast Data | 2022 – 2030 |
| Segments Covered | By Component, By Data Type, By Vehicle Type, By Deployment, By Application, And By Geography |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled | Acerta Analytics Solutions, Inc., Caruso GmbH, AMO Foundation, Amodo D.o.o, Amazon Web Services, Inc., IBM Corporation, ETL Solutions Limited, SAP SE, Teradata Corporation, Otonomo Technologies Ltd., National Instruments Corporation, and Sibros Technologies, Inc. |
| Report Coverage | Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope | 10 hrs of free customization and expert consultation |
Global Automotive Data Management Market Growth Aspects
The automotive sector confronts strong competition, and fresh developments are required to stay competitive. To maintain a competitive advantage, businesses must upgrade on a regular basis. Data management system in the automobile business allows automotive enterprises to stay one step ahead of the competition. It helps automakers and consumers improve operational efficiency and productivity. Companies in the industry are concentrating their efforts on enhancing operational performance by implementing innovative technologies to monitor everyday activities. Data management and analytic tools are critical opportunities for manufacturers to use qualitative methodologies to assist intervention planning across the customer lifetime. To specify which technology performs best in a certain situation, all data was collected and processed centrally. This enables businesses to optimize equipment usage and avoid delays. As a result, the drive for enterprises to boost operational efficiencies is expected to promote the growth of automotive data management systems in the automobile industry.
Technological Advancement in Vehicles are expected to propel the market
The increased demand for built-in informatics and telematics in automotive has resulted in advancements in technology aimed at improving the entire in-vehicle experience for both passengers and drivers. With the connected vehicle, ubiquitous inbuilt cellular connections provide new opportunities to educate and engage drivers, as well as service the vehicles throughout their existence. As software defines more and more vehicle tasks, the capability to upgrade software OTA (over the air) makes integrated cellular connectivity a crucial way of preserving vehicle security and relevance throughout the vehicle lifecycle. Over the next five years, the connection will shift from being a support for better customer experience to providing essential, mission-critical capabilities for personal mobility.
Regional Overview
North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are the regional classification of the global automotive data management market. North America is expected to account for the majority of the worldwide automotive data management market during the forecast period due to the presence of numerous automakers combined with widespread implementation of lean analytics and deep learning, indicating potential growth of the automotive data management market in this region. Europe is predicted to be the second-largest market for the automotive data management industry during the next few years. Europe’s share of the global automotive data management market is predicted to grow exponentially as a result of increased car production, advancements in vehicle electronics layout, connected automobiles, V2V & V2I innovations, and the expansion of key OEMs. Europe has the most significant contribution to the market for connected automobiles. It is supplied by a plethora of technology OEMs, such as BMW, Daimler, JLR, and Volkswagen Group, who are engaged in sectors such as advanced driver assistance systems, navigation, in-car entertainment, and in-car networking, all of which have grown rapidly in the preceding decade. Market players are developing advanced and innovative car data management products and services for customers.
Interconnected Reports Automotive, Transportation and Logistics Market
The global market for automotive artificial intelligence (AI) accounted for US$ 2,717 Mn in 2021 and is estimated to reach US$ 53,118 Mn by 2030, with a significant CAGR of 39.6% from 2022 to 2030.
The global data annotation tool market is expected to grow at a CAGR of around 34.5% from 2021 to 2028 and is expected to reach the market value of around US$ 8.0 Bn by 2028.
The market for data center construction is expected to grow at a CAGR of around 6.5% from 2020 to 2027 and anticipated to reach the market value of around US$ 333.5 Bn by 2027.
The global artificial intelligence in transportation market is anticipated to reach market size of around US$ 5,000 Mn by 2027 and is anticipated to grow at a CAGR of around 15% in terms of revenue during the forecast period 2020 – 2027.
Market Segmentation
The global automotive data management market has been segmented by Acumen Research and Consulting based on component, data type, vehicle type, deployment, and application. Based on the component, the market is divided into software, and service. Based on data type, the market split into unstructured, and semi-structured and structured. Based on vehicle type, the market is classified into non-autonomous, and autonomous. Based on deployment, the market is categorized into on-premise, and cloud. Based on application, the market is segmented into predictive maintenance, safety and security management, dealer performance analysis, warranty analytics, driver and user behavior analysis, and others.
Major Players
Some key players covered global in the automotive data management industry are Acerta Analytics Solutions, Inc., Caruso GmbH, AMO Foundation, Amodo D.o.o, Amazon Web Services, Inc., IBM Corporation, ETL Solutions Limited, SAP SE, Teradata Corporation, Otonomo Technologies Ltd., National Instruments Corporation, and Sibros Technologies, Inc.
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About Acumen:
Acumen Research and Consulting is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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Artificial Intelligence
oToBrite Develops a Compact All-Weather Vision-AI Driver Monitoring System for the Commercial Vehicle Market
HSINCHU, May 9, 2024 /PRNewswire/ — oToBrite, a leading provider of vision-AI ADAS solutions, has successfully developed a compact all-weather vision-AI Driver Monitoring System (DMS). With a high-sensitivity automotive-grade global shutter image sensor, the system achieves outstanding Quantum Efficiency (QE), providing clear image quality day and night. With oToBrite’s proprietary secondary optical system, the overall combination effectively enhances the accuracy and reliability of the vision-AI algorithm in all weather conditions. The DMS has already been successfully delivered to heavy commercial vehicle manufacturers, mitigating the potential risks of traffic accidents.
oToBrite’s vision-AI DMS utilizes self-developed AI 3D facial landmark technology to identify over 100 driver IDs and recognize driving behaviors, including smoking, phone use, distraction, fatigue. The system remains effective even when drivers wear Level 3 sunglasses or coated glasses, without compromising the detection and recognition capabilities of vision-AI.
The vision-AI DMS features a 940nm infrared and high-QE sensor, coupled with oToBrite’s proprietary optical design, ensuring clear images in strong light conditions (>120K lux) or during nighttime driving. Additionally, oToBrite’s vision-AI technology optimizes facial image quality, ensuring accurate AI recognition whether driving against sunlight, backlight, or through tunnels.
Miniaturization is a significant trend in driver monitoring applications. oToBrite further emphasizes that, compared to many systems on the market requiring multiple LEDs for sufficient illumination, the DMS only needs one LED to meet the system’s image quality requirements. In terms of hardware technology, oToBrite’s secondary optical system adjusts the LED light source to any angle to meet light distribution needs. Concentrating the light source can double the illumination, producing more reliable images for AI recognition. This also reduces optical component usage, enhances image clarity, and saves installation space and system costs.
According to the 2023 market research report by Gii, the DMS market reached $1.3 billion in 2022, with an expected Compound Annual Growth Rate (CAGR) of 8.3% by 2028, reaching $20.8 billion. Currently, several countries are drafting or have implemented regulations, and driven by regulatory demand, oToBrite’s compact all-weather vision-AI DMS has begun mass production, contributing to achieving Vision Zero. Read more: http://www.otobrite.com/en/block/index/99
About oToBrite
oToBrite is a leading vison-AI ADAS/AD solutions provider. Based in Hsinchu Science Park, oToBrite has IATF 16949-certified clean room factory and many years of experience as an automotive Tier-1 supplier. Through comprehensive research and development capabilities, oToBrite provides vision-AI algorithms, ECU/domain controllers and automotive-grade/special purpose cameras.
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IP solution maximizes operational efficiency for leading automation company
LONDON, May 9, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, announced today that OMRON has selected IPfolio™, an intellectual property management software from Clarivate to transform their IP operations. This solution will enable OMRON, a leading automation company to make smarter decisions and plan strategically using IP data and analytical insights.
With IPfolio’s help, OMRON will be able to better manage its IP assets and keep up with the rising number of filings and data volumes, while eliminating manual processes. The IP team at OMRON can enhance their analysis and collaboration with stakeholders by using insightful data visualizations. This can lead to increased productivity, deeper insights, and faster decision-making with confidence.
Gordon Samson, President, Intellectual Property, Clarivate, said, “Our IP Management Software integrates data and services to empower our clients to remove friction, enhance collaboration and make better informed decisions. We are confident that IPfolio will help OMRON simplify the process of managing IP assets across the entire lifecycle.”
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact:Jack Wan, External Communications [email protected]
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Most people don’t know that, due to recent groundbreaking scientific advances, existing technology can read thoughts, implant dreams, scan memory, tell if a subject is in love, and hack brains for PIN codes.
LONDON, May 9, 2024 /PRNewswire/ — Announcing the establishment of the Institute of Neurotechnology and Law (INL) – the first organisation of its kind in the world, crafted in response to the swift advancements in neurotechnology and the emerging concerns over human rights and privacy.
The world is about to change. Yet whilst AI steals the headlines, recent extraordinary advancements in neurotechnology have gone largely under the radar.
That is why we have set up the Institute of Neurotechnology and Law.
“We are at a critical juncture in the evolution of neurotechnology. The possibilities for improving human life are immense, yet so are the risks to privacy and autonomy,” stated Founder Harry Lambert. “The Institute of Neurotechnology and Law is dedicated to ensuring these technologies enable human flourishing without compromising our moral and ethical principles.”
The institute has already garnered significant attention, attracting some of the world’s foremost experts in neurotechnology, neuroscience, ethics, and law. These distinguished panellists will collaborate to address the pressing issues at the intersection of technology and human rights, aiming to influence policy both domestically and internationally.
For more information about the Institute of Neurotechnology and Law, upcoming events, and membership details, please visit www.neurotechlaw.com.
Media Contact: [email protected]. 07982678044
View original content:https://www.prnewswire.co.uk/news-releases/first-of-its-kind-institute-of-neurotechnology–law-launches-in-the-uk-302140545.html
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