Big Data Investments in Automobile Sector to Surpass USD 2.8 Bn in 2017, States SNS Telecom in Its In-demand Report Available at MarketPublishers.com29 May 2017 • by Natalie Aster
LONDON – In the midst of the outspread of historical and real-time data from sources like connected devices, social media, Internet, sensors, log files and transactional based applications, Big Data is gathering speed at a fast pace from a versatile set of vertical industries. The automotive industry constitutes no exception to this tendency, where Big Data has discovered a slew of applications – from product development and production to predictive automobile maintenance and full self-driving.
Big Data investments in the automobile sector are poised to reach more than USD 2.8 billion in 2017 alone, and are further likely to record around a 12% CAGR over the next 3 years. This will be underpinned by manifold business opportunities for automotive OEMs, tier one suppliers, insurance firms, and dealerships, among others.
New market research publication “Big Data in the Automotive Industry: 2017 – 2030 – Opportunities, Challenges, Strategies & Forecasts” drawn up by SNS Telecom offers an all-encompassing, unbiased assessment of the Big Data industry on a global level.
The research study canvasses key market driving factors and challenges, investment prospects, application spheres, value chain, use cases, case studies, future development prospects of the industry. It also presents detailed profiles of the vendors alongside a description of their strategies. An analysis of standardization and regulatory incentives is included. The report also provides market size forecast data for Big Data software, hardware and professional services investments up to 2030. The forecasts are segmented for 8 horizontal sub-markets, 4 application areas, 18 use cases, as well as 6 regional and 35 national markets.
More new cutting-edge market research studies by the publisher can be found at the SNS Telecom page.