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Automotive Data Monetization Market – A Global and Regional Analysis

Focus on Product, Application, and Country Assessment - Analysis and Forecast, 2019-2030

 
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The global automotive data monetization market is estimated to grow with a CAGR of 63.67% during 2020-2030 and reach a market size of $20.34 Billion by the end of 2030. 

The major growth factors for automotive data monetization market include the rise in vehicle connectivity fueling the demand for monetizing data, new service opportunities for automotive OEMs, and the need for creating customer value proposition.

Several market restraints such as the cybersecurity risk, legal challenges of personal data monetization, and issues with data quality, hinder the growth rate of global automotive data monetization market.

The increasing use of blockchain and emergence of Internet of Things (IoT) have created a buzz of automotive data monetization among companies and investors for future growth. 

Some of the prominent players in the automotive data monetization market are Tesla, Harman International, Microsoft Corporation, AWS, Continental AG, Wejo Limited, Caruso GmbH, and Tech Mahindra Limited, among others. 
 

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