Business Industry Reports Big Data in the Automotive Industry Market Insight

Big Data in the Automotive Industry
Market Insights, Forecast 2030
BusinessIndustryReports have new report on “Global Big Data in the
Automotive Industry Market 2018-2030”. The report provides the
newest industry data and industry future trends. The industry report
lists the leading competitors and provides the insights strategic industry
Analysis of the key factors influencing the market.
A Big Data originally emerged as a term to describe datasets whose size is beyond the ability
of traditional databases to capture, store, manage and analyze. However, the scope of the
term has significantly expanded over the years. Big Data not only refers to the data itself but
also a set of technologies that capture, store, manage and analyze large and variable
collections of data, to solve complex problems.
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BusinessindustryReports estimates that Big Data investments in the automotive industry will
account for more than $3.3 Billion in 2018 alone. Led by a plethora of business
opportunities for automotive OEMs, tier-1 suppliers, insurers, dealerships and other
stakeholders, these investments are further expected to grow at a CAGR of approximately
16% over the next three years.
Amid the proliferation of real-time and historical data from sources such as connected
devices, web, social media, sensors, log files and transactional applications, Big Data is
rapidly gaining traction from a diverse range of vertical sectors. The automotive industry is
no exception to this trend, where Big Data has found a host of applications ranging from
product design and manufacturing to predictive vehicle maintenance and autonomous
driving.