PUBLISHER: Inkwood Research | PRODUCT CODE: 1380179
PUBLISHER: Inkwood Research | PRODUCT CODE: 1380179
The Europe automotive data monetization market is expected to reach a CAGR of 34.62% during the forecast period 2023-2030. The demand for connected vehicles is increasing rapidly in Europe. This is due to a number of factors, including the growing awareness of the benefits of connected vehicles, such as improved safety and convenience, and government support for the adoption of connected vehicles.
To assess the growth of the Europe automotive data monetization market, an evaluation is conducted for the United Kingdom, Germany, France, Italy, Spain, Belgium, Poland, and Rest of Europe. In France, the demand for connected vehicles is on the rise. These vehicles are equipped with sensors and communication capabilities that gather and transmit data on the vehicle's performance, driver behavior, and geolocation. This data connectivity serves as a significant catalyst for automotive data monetization. The French government is actively supporting the automotive industry in embracing digital technologies. Through initiatives focused on smart mobility and transportation infrastructure, it is promoting the collection and utilization of automotive data.
Alternatively, the key trends in the Italian automotive data monetization market include the rise of data marketplaces, the increasing use of artificial intelligence (AI), and the growing importance of data security and privacy. There are a number of business opportunities in the Italian automotive data monetization market. For example, businesses can sell automotive data to other businesses, develop data-driven products and services for the automotive industry, or use data to improve their own internal operations. Hence, the aforementioned factors are projected to boost the market's growth during the forecast period.
Several prominent companies in the industry are: Wejo Limited, CARUSO GmbH, etc.