The Automotive Data Monetization Market Report is Segmented by Geography (North America, Europe, Asia-pacific, And the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

The global automotive data monetization is projected to grow from 123.3 million U.S. dollars in 2019 to over 20 billion U.S. dollars in 2030. In 2019, North America's regional automotive data monetization revenue amounted for around 48 percent of the worldwide market.

The size of the Automotive Data Monetization Market was valued at USD 0.39 Million in 2023 and is projected to reach USD 4.36 Million by 2032, with an expected CAGR of 41.16% during the forecast period. The automotive data monetization market refers to the process of generating revenue from the vast amount of data generated by modern vehicles equipped with advanced sensors, telematics systems, and connected technologies. As vehicles become more digitized, they produce a wealth of data related to vehicle performance, driver behavior, navigation, and maintenance needs. This data can be valuable to various stakeholders, including automakers, insurance companies, fleet management firms, and technology providers. Monetizing this data involves using it for purposes such as predictive maintenance, personalized insurance, targeted advertising, and enhancing in-car services like infotainment and navigation. Automakers can offer these insights to third-party businesses or use them internally to improve vehicle design, performance, and customer experience. The growing adoption of connected cars and electric vehicles (EVs) is driving the expansion of the automotive data monetization market. Recent developments include: January 2024: Cox Automotive, an automotive services and technology provider fueled by first-party data fed by 2.3 billion online interactions a year, invested around USD 100 million to revolutionize the vehicle transport industry through technology. Cox Automotive is a data-driven business whose data strategy is to uncover new opportunities to monetize existing data. The investment will transform the company's brand, Central Dispatch, into a fully integrated automotive transportation marketplace that gives clients the data and insights they need to take control of their supply chains and better compete in the automotive ecosystem., August 2023: CARUSO partnered with Renault Group to enable CARUSO's customers to access vehicle data, including mileage or geo-position, without the need to install any additional device. The data is 100% in compliance with GDPR and, hence, protects the fleet owner's or driver's privacy. The data is available for all Renault Group models.. Key drivers for this market are: Growth in V2X and Other Forms of Vehicular Connectivity Provides a Good Platform for the Monetization of Data, The Automotive Industry is Gradually Warming up to the Use of Data for Decision-making in Terms of Customer Experience and Support; Favorable Advancements in the Field of Digital Transformation. Potential restraints include: Continuous Recurring Expenditure. Notable trends are: Favorable Advancements in the Field of Digital Transformation to Drive the Market.

Analyze the market segmentation of the Automotive Data Monetization industry. Gain insights into market share distribution with a detailed breakdown of key segments and their growth.

North America was the largest automotive data monetization market in 2019, recording revenues of just under 60 million U.S. dollars. Along with Europe, these two regions made up 82.6 percent of the global market, dwarfing all other countries and regions.

The Automotive Data Monetization Market is projected to grow at a CAGR of 94% during the forecast period, i.e., 2022-27 says MarkNtel