What is Digital Transformation for Automotives Market?
The automotive industry is rapidly evolving, from technological advancements to digital transformation. Consumers are becoming more demanding in terms of obtaining a more advanced and superior experience, which is why digital transformation in automotive is becoming increasingly important. Digitization is becoming a growing investment in the automotive industry. Industry companies recognize that, like every other digital sector, they must transform to meet customer demands. The automobile industry is running more rapidly than ever before, thanks to the introduction of new technology in the plant as well as novel consumer goods. Automotive manufacturers have been incorporating digital technology into all aspects of their operations, from product design to procurement, production, and supply chain management, as well as sales and marketing.
Highlights from Digital Transformation for Automotives Market Study
|Unit||Value (USD Million)|
|Key Companies Profiled||IBM (United States), Microsoft (United States), Google (United States), Texas Instruments (United States), Cisco Systems, Inc. (United States), Capgemini (France), Dell (United States), Mahindra & Mahindra Ltd. (India), SAP SE (Germany), Cognizant (United States) and HARMAN International. (United States)|
The market for Digital Transformation for Automotives is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as service innovation and using various marketing strategies to gain a higher market share. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Digital Transformation for Automotives market throughout the forecasted period. IBM (United States), Microsoft (United States), Google (United States), Texas Instruments (United States), Cisco Systems, Inc. (United States), Capgemini (France), Dell (United States), Mahindra & Mahindra Ltd. (India), SAP SE (Germany), Cognizant (United States) and HARMAN International. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are NXP Semiconductors (Netherlands), T-Systems International (Germany) and Ericsson (Sweden).
Digital Transformation for Automotives Market Segmentation:
|Technology ||Internet of Things (IoT),Artificial Intelligence,Machine Learning|
|Vehicle Type||Two-Wheeler,Passenger Car,Commercial Vehicle,LCVs,HCVs|
On the basis of geography, the market of Digital Transformation for Automotives has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Application of AI and Cloud-Based Technology in Automotive Industry
- Increasing Demand for Passenger Cars in Developing Countries
- Surging Demand for IoT and Big Data Analysis Solutions in the Automotive Sector Will Boost the Market
- High Cost of Continually Upgrading Software and Privacy Concern Due to Increasing Cyberattacks
- Growth and Expansion of Automotive Industry
- Rising Demand For Luxurious Features in Automotive
- Difficulty in Integration of Application through an Application Program Interface (API)
On 21 January 2022, Mahindra & Mahindra (M&M) has Partnered with SAP to spearhead its digital transformation journey SAP will enable Mumbai-based automaker to successfully modernize its technology landscape and enhance overall operations
Key Target AudienceDigital Transformation for Automotives, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others