Global Automotive Cloud Based Solutions Market Analysis: Size, Drivers, Trends, Opportunities And Strategies
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033
The automotive cloud-based solutions market has seen rapid expansion, growing from $54.38 billion in 2023 to $63.94 billion in 2024, with a notable CAGR of 17.5%. This growth is attributed to advancements in automotive systems, demand for telematics, and the rise of IoT and 5G networks. Projections suggest significant expansion, reaching $113.65 billion by 2028, driven by connected car services, governmental initiatives, and advancements in AI and machine learning integration.
The burgeoning demand for connected and autonomous vehicles is expected to fuel the expansion of the automotive cloud-based solutions market in the foreseeable future. Equipped with connectivity and autonomous driving capabilities, these vehicles rely on cloud-based solutions to manage the vast amounts of data they generate. Projections by the Insurance Institute for Highway Safety anticipate 3.5 million autonomous vehicles on American roads by 2025, with an estimated increase to 4.5 million by 2030. This surge in demand drives the growth of the automotive cloud-based solutions market, estimated to reach $X billion in 2023, $Y billion in 2024, and $Z billion by 2028.
Get A Free Sample On The Automotive Cloud Based Solutions Market Report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13809&type=smp
What Are The Key Trends That Influence Automotive Cloud Based Solutions Market Share Analysis?
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.
Which Market Players Are Driving Growth In The Automotive Cloud Based Solutions Market?
Major companies operating in the automotive cloud based solutions market report are Google LLC, Microsoft Corporation, Verizon, Robert Bosch GmbH, Amazon Web Services Inc., Siemens AG, Intel Corporation, IBM Corporation, Cisco Systems Inc., Denso Corporation, Oracle Corporation, Continental AG, SAP SE , Salesforce Inc., Ericsson AB, ServiceNow Inc., Harman International, Delphi Automotive PLC, Trimble Inc., Infor, Blackberry Limited, Sierra Wireless, Tomtom International Bv, Sierra Wireless, Airbiquity Inc.
How Is The Global Automotive Cloud Based Solutions Market Segmented?
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
Read The Full Automotive Cloud Based Solutions Market Report Here
The Automotive Cloud Based Solutions Global Market Report 2024 provides an overview of the automotive cloud based solutionsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automotive cloud based solutions market forecast analyzes automotive cloud based solutions market size, automotive cloud based solutions market share, leading competitor and their market positions.
The Table Of Content For The Automotive Cloud Based Solutions Market Include
1. Automotive Cloud Based Solutions Market Executive Summary
2. Automotive Cloud Based Solutions Market Segments
3. Automotive Cloud Based Solutions Market Size And Template Market Growth Rate
4. Key Automotive Cloud Based Solutions Market Trends
5. Major Automotive Cloud Based Solutions Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Cloud Based Solutions Market
26. Top Automotive Cloud Based Solutions Companies
27. Automotive Cloud Based Solutions Market Opportunities And Strategies
28. Automotive Cloud Based Solutions Market, Conclusions And Recommendations
29. Appendix
Explore Similar Reports From The Business Research Company:
Automotive Halogen Bulbs Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/automotive-halogen-bulbs-global-market-report
Automotive Light Emitting Diode (LED) Bulbs Global Market Report 2024
Automotive Lighting Global Market Report 2024
https://www.thebusinessresearchcompany.com/report/automotive-lighting-global-market-report
Learn More About The Business Research Company
The Business Research Company has published over 15000+ reports in 27 industries, spanning 60+ geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.
Contact us at:The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Found this article helpful? Share it on:
