Smart technologies are shaping the future of many industries. Technological advancements, such as the introduction of electric vehicles, have changed the ecosystem of the automotive industry. Electric vehicle operations management solutions are required to manage charging infrastructure and grid connecting charging points in electric vehicles. They also provide semi-processed data to external systems for further processes such as billing, roaming, telematics processes, and others.
Electric vehicle operations management solutions provide customer management modules to private and business customers; RFID card management, which includes roaming with other providers; charge point management modules for fault management, with real-time dashboard and configurations; billing, smart grid modules, and other facilities.
Another factor driving the electric vehicle operations management solutions market is increase in spending by leading companies in the automobile sector. Embedded solutions are important for electric vehicle function. These solutions help replace complex mechanical systems and manage operations of vehicles such as electric car battery maintenance and battery management system (BMS), which both protects the battery and collects data on its internal state for analysis.
Furthermore, some of the brands such as Tesla Model S developed smart solution and Bosch has introduced a mobile application for Mercedes Benz and Renault vehicles to find charging stations and pay for use. Companies in the automobile industry are developing advanced applications by investing in the Internet of Things and electromobility. This is expected to boost the electric vehicle operations management solutions market in the coming years.
However, shortcomings of electric vehicles such as lack of charging infrastructure, special maintenance requirements, and quick battery wear-down are anticipated to restrain the global electric vehicle operations management solutions market.
The global electric vehicle operations management solutions market can be segmented based on deployment model, application, and region. Based on deployment model, the global electric vehicle operations management solutions market can be categorized into on-premise and cloud-based solutions.
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In terms of application, the global electric vehicle operations management solutions market can be classified into electric vehicle (ev) charging, network and management solution, grid management, and others.