As per BIS Research Study, Global Automotive Cloud Market to Reach $32.27 Billion by 2025


Posted March 11, 2022 by harshbisR-0

The automotive cloud market is expected to grow at a CAGR of 18.57% during the forecast period from 2020-to 2025.
 
The automotive cloud market is expected to grow at a CAGR of 18.57% during the forecast period from 2020-to 2025.

The automotive industry has always been evolving at a rapid pace and scale since its inception. The integration of advanced technologies in the vehicles to ensure cost-effectiveness increased safety and users' convenience has largely driven innovations and consumer preferences. Connected and autonomous vehicles are the most discernibly notable changes in the last decade. The ability of vehicles to communicate and interact with one another and its environment is being realized and transformed into a connected world. Most vehicles can be connected similarly, provided they have either built-in connectivity technology or are equipped with it, enabling the vehicle to send or receive data to or from networks, other vehicles, and the surrounding environment. The introduction of the Internet of Things (IoT) technology in the automotive industry has had a considerable impact on the world economy and global value chain function. IoT's transformative power is being realized in the enormous amount of data generated by these devices, and this data can be harvested to drive efficiencies and enhance value. IoT is a crucial development driving the rapid proliferation of the connected car. As computer systems are evolving, the automotive and manufacturing sectors will be further transformed by the disruptive impact of IoT. Cloud-based applications are the foundations for holistically connecting vehicles with their surroundings.

The global automotive cloud market research study offers a broad perspective on the analysis of the industry. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models. The automotive industry has always been a hub for exceptional progress owing to the continuous development and equipment of advanced technologies in the vehicles. At present, vehicles are being developed with technologies to connect with various devices, infrastructures, cloud storage, and other vehicles to better drive experience. These connected vehicles provide numerous new features for vehicle users and create an opportunity for automotive companies and other stakeholders to create new businesses for themselves.

The global automotive cloud market, based on application, has been segmented into infotainment, V2X, and telematics. The infotainment segment is expected to maintain its dominance during the forecast period in the global automotive cloud market. The global automotive cloud market, by vehicle, has been segmented into passenger vehicles and commercial vehicles. The passenger vehicles segment dominated the global automotive cloud market in 2019 in terms of value and is expected to maintain its dominance through the forecast period.

Based on the region, the global automotive cloud market has been segmented into Asia-Pacific and Japan, Europe, the U.K., China, North America, Rest-of-the-World. Each region is segmented into countries. Data for each of these regions and countries is provided by product type and application.

The global automotive cloud market competitive landscape consists of different strategies undertaken by key players across the industry to gain traction and market share presence. Some strategies adopted by the service providers are new product launches, business expansions, mergers, partnerships, and collaborations. Among all these strategies adopted, partnership and collaboration is the most preferred strategy implemented in the automotive cloud service providers. Some of the most prominent ecosystem players are Harman, Bosch, Verizon, Continental, Denso, Sierra Wireless, Tomtom International, Ericsson AB, Airbiquity, Blackberry Limited, Visteon Corporation, Telenav, Microsoft, Amazon and LG Electronics.

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Key Questions Answered in this Report:
• What are the underlying structures resulting in the emerging trends within the automotive cloud market?
• How are cloud service manufacturers, automotive original equipment manufacturers (OEMs), regulatory bodies, and tier-1 manufacturers, among others, entering the market?
• What is the role of governments regarding the changing landscape of the automotive cloud industry?
• Which application of the automotive cloud market is expected to lead the market by 2025?
• What was the market value of the leading regional markets, their segments, and sub-segments in 2019, and how is the market estimated to grow during the forecast period 2020-2025?
• How is the industry expected to evolve during the forecast period 2020-2025?
• What are the key developmental strategies that are implemented by the key players to sustain the competitive market?

About BIS Research
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.

Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them specific and actionable insights on novel technology markets, business models, and competitive landscape.

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Contact Email [email protected]
Issued By Harsh Singla
Country United States
Categories Automotive , Reports , Research
Tags automotive cloud based solutions market , automotive cloud market , automotive cloud market analysis , automotive market size , cloud based solutions market for automotive
Last Updated March 11, 2022