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Cloud Computing Is The Largest Segment Driving The Growth Of Automotive Cloud Market

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Ashish Thapa
Cloud Computing Is The Largest Segment Driving The Growth Of Automotive Cloud Market


Market Overview:

The automotive cloud market involves information technologies and cloud services utilized to enable onboard and offboard connectivity in vehicles. Cloud computing allows seamless transfer of vehicle data including navigation, diagnostics, and infotainment services.

Market key trends:

Connected vehicles generate huge amounts of data that need to be securely stored, processed and analyzed in real-time. Cloud computing offers scalable data storage and analytics capabilities to extract valuable insights from vehicle data. Automakers are partnering with cloud service providers to develop cloud-connected vehicle platforms and build advanced mobility services. For example, major automakers like BMW, Ford and GM have partnered with Microsoft Azure to deploy connected vehicle solutions leveraging cloud infrastructure. Growing adoption of advanced driver assistance systems and autonomous vehicles will also drive the need for high-performance cloud computing networks to power safety-critical functions.


The global Automotive Cloud Market Demand is estimated to be valued at US$ 24.16 Bn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights


SWOT Analysis

Strength: The automotive cloud market is witnessing high adoption of cloud computing solutions by automakers to enhance vehicle performance, connectivity, and services. It allows for remote diagnosis, firmware updates, and personalization.

Weakness: Data privacy and security concerns persist regarding critical vehicle systems and customer data stored in the cloud. Regular updates are required to improve cybersecurity safeguards.

Opportunity: Rising demand for connected mobility solutions for infotainment, predictive maintenance, and autonomous driving presents growth prospects. Developing technologies like 5G will boost scope for advanced applications.

Threats: Fragmented standards for connectivity protocols pose interoperability challenges. Stiff competition from new entrants can squeeze margins for established automotive cloud platform providers.

Key Takeaways

The global automotive cloud market is expected to witness high growth, exhibiting CAGR of 18% over the forecast period, due to increasing connectivity in vehicles. Rising demand for advanced mobility solutions is prompting automakers to adopt cloud platforms.

Regional analysis

North America dominates the global automotive cloud market currently, owing to the rapid adoption of connected vehicles. Asia Pacific is forecast to be the fastest growing region, led by China. Countries like Japan, South Korea and India are also contributing substantially to the regional market growth.

Key players operating in the automotive cloud market are Airbiquity, Amazon, Bosch, CloudMade, Connexion, Continental, Denso, Ericsson AB, Harman, Intellias, LG Electronics, Microsoft, Sierra Wireless, Telenav, and Verizon. Some leading players are focusing on strategic partnerships and collaborations to develop innovative cloud-based automotive solutions. For instance, in 2023, Verizon collaborated with Amazon Web Services to launch new automotive cloud solutions.


For More Insights, Read- https://www.newsanalyticspro.com/connected-cars-to-fuel-growth-of-automotive-cloud-market-growth-trends-and-forecast-analysis/

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