Automotive Data Analytics Market Forecast to Reach $6.2 Billion by 2026 The Rise of Usage-based Insurance, Especially Among Young People Will Be a Major Factor Resulting in the Significant Growth of Data Analytics Among Insurers in This Market.
BriefingWire.com, 4/21/2021 - The market for Automotive Data Analytics is forecast to reach $6.2billion by 2026, growing at a CAGR of 16.75% from 2021 to 2026. Data analytics has come to play an increasing role in the automotive ecosystem. As OEMs look for new revenue generation models, the analytics and value-added services provided through these solutions will increasingly come to the forefront. The increase in technologies of the automotive industry, the demand for connected vehicles have now been elevating the demand for data analytics to analyze and gain customer behaviour and evaluating and projecting future demand. Before, data analytics was limited to sales and marketing, but now