Big Data in the Automotive Industry Market 2018-2030 - Market will Account for More than $3.3 Billion in 2018 Alone

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Dublin, Sept. 14, 2018 (GLOBE NEWSWIRE) -- The report from SNS Telecom & IT has been added to offering.

The Big Data in the Automotive Industry: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts report presents an in-depth assessment of Big Data in the automotive industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies. The report also presents market size forecasts for Big Data hardware, software and professional services investments from 2018 through to 2030.

This research 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.

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Globe Newswire: 09:05 GMT Friday 14th September 2018

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