The Automotive Cloud Based Solutions Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Automotive Cloud Based Solutions Global Market Report 2024, The automotive cloud based solutions market size is expected to see rapid growth in the next few years. It will grow to $113.65 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to increasing demand for connected car services, rising emphasis on driver experience and vehicle performance, government initiatives and regulations, data analytics and predictive maintenance services, and partnerships and alliances. Major trends in the forecast period include AI and machine learning, sustainability and green solution, edge computing in automotive cloud, connected and autonomous vehicle, subscription-based models.
The increasing demand for connected and autonomous vehicles is expected to propel the growth of the automotive cloud-based solutions market going forward. A connected and autonomous vehicle (CAV) is an advanced type of vehicle that incorporates both connectivity and autonomous driving capabilities. Cloud-based solutions offer the computational power and storage capacity required to process and analyze the extensive data generated by autonomous vehicles, which is crucial for informed decision-making regarding navigation, obstacle avoidance, and route planning in real-time. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, it is projected that there are expected to be 3.5 million autonomous vehicles on American roads by 2025. Furthermore, an estimated 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, the increasing demand for connected and autonomous vehicles is driving the growth of the automotive cloud-based solutions market.
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The automotive cloud based solutions market covered in this report is segmented –
1) By Service Model: Professional Services, Managed Services
2) By Deployment Type: Private Cloud, Public Cloud
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
4) By Application: Infotainment Systems, Telematics, Fleet Management, Over The Air (OTA) Systems, Advanced Driver-Assistance Systems (ADAS), Other Applications
Major companies operating in the automotive cloud-based solutions market are developing advanced technologies, such as cloud-based vehicle data services, to better serve customers with advanced features. Cloud-based vehicle data service refers to the storage, processing, and management of vehicle-related information in the cloud, enabling real-time access, analytics, and remote functionalities for improved automotive operations and user experience. For instance, in September 2022, Amazon Web Services Inc., a US-based provider of cloud computing platforms, launched the AWS IoT FleetWise vehicle data service. The unique feature of the AWS IoT FleetWise vehicle data service is its tailored support for organizations, including automakers, car part suppliers, and delivery companies, in efficiently gathering data from their vehicles' built-in sensors. With the newly launched IoT FleetWise service, AWS streamlines the process of sending vehicle data to the cloud, eliminating the need for custom software development for data collection and upload. This advancement allows automakers to expedite the processing of vehicle data while simultaneously reducing software development costs. At the core of IoT FleetWise is the AWS IoT FleetWise Edge Agent application, which can be seamlessly integrated into vehicle subsystems like telematic control units. Once deployed, the Edge Agent effectively manages the transmission of vehicle data to an organization's AWS environment.
The automotive cloud based solutions market report table of contents includes:
- Executive Summary
- Automotive Cloud Based Solutions Market Characteristics
- Automotive Cloud Based Solutions Market Trends And Strategies
- Automotive Cloud Based Solutions Market - Macro Economic Scenario
- Global Automotive Cloud Based Solutions Market Size and Growth
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- Global Automotive Cloud Based Solutions Market Competitive Benchmarking
- Global Automotive Cloud Based Solutions Market Competitive Dashboard
- Key Mergers And Acquisitions In Automotive Cloud Based Solutions Market
- Automotive Cloud Based Solutions Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Google LLC
- Microsoft Corporation
- Verizon
- Robert Bosch GmbH
- Amazon Web Services Inc.
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In 2018, the global Cloud Based Solutions for Automotive market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2019–2025.This report focuses on the global Cloud Based Solutions for Automotive status, future forecast, growth opportunity, key market and key players.
The study objectives are to present the Cloud Based Solutions for Automotive development in United States, Europe and China.Key Benefits for Cloud Based Solutions for AutomotiveMarket:This study includes the global Cloud Based Solutions for Automotivemarket analysis, trends, and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and global Cloud Based Solutions for Automotivemarket opportunity.The global Cloud Based Solutions for Automotivemarket size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the Cloud Based Solutions for Automotiveindustry.Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-cloud-based-solutions-for-automotive-2019-2025-184The key players covered in this studyBlackberry LimitedHarman InternationalVerizon WirelessContinental AGRobert Bosch GmbHDenso CorporationTrimble Inc.Sierra WirelessDelphi Automotive PLCTomtom International BvEricsson ABAirbiquity Inc.Market segment by Type, the product can be split intoPrivate CloudPublic CloudMarket segment by Application, split intoFleet Management ApplicationInfotainment SystemOver the Air (OTA) UpdatesTelematicsADASOther Services (Shared Mobility, In-Car Data Service, Etc.
)Market segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Cloud Based Solutions for Automotive status, future forecast, growth opportunity, key market and key players.To present the Cloud Based Solutions for Automotive development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Cloud Based Solutions for Automotive are as follows:History Year: 2014–2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025Research objectivesTo study and analyze the global Cloud Based Solutions for Automotiveconsumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of Cloud Based Solutions for Automotivemarket by identifying its various subsegments.Focuses on the key global Cloud Based Solutions for Automotivemanufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the Cloud Based Solutions for Automotivewith respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of Cloud Based Solutions for Automotivesubmarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC at https://www.24marketreports.com/ict-and-media/global-cloud-based-solutions-for-automotive-2019-2025-184CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
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