Global Cloud-Based Solutions for Automotive Market is valued at USD 32.69 Billion in 2018 and expected to reach USD 112.7 Billion by 2025 with the CAGR of 19.35 %over the forecast period.
Advancement in driving assistance system is responsible for the growth of Cloud Based Solutions for Automotive Market.
Cloud Based Solutions Market based solution supports on-demand services, computer networks, storage, applications or resources opened through the internet and over alternative provider’s united cloud computing infrastructure. The benefits of cloud based solutions to end users and productions include increased capacity, scalability, functionality, and reduced maintenance and cost for computer infrastructure or in-house operate. An internet connection paired with the widespread adoption of smartphones and faster mobile networks have given users the ability to access cloud-based solutions from anywhere. Cloud based solutions has become most essential technology for many business professionals across the globe for several simple to complex operations. Also, the growing demand for advanced infotainment systems and in-car connectivity is expected to increase the use of cloud-based services in automobiles during the forecast period.
Global Cloud-Based Solutions for Automotive Market report is segmented on the basis of Deployment Type, application, Vehicle Type and regional& country level. Based upon Deployment Type Cloud-Based Solutions for Automotive Market is classified into Private Cloud and Public Cloud. Based upon Vehicle Type Cloud-Based Solutions for Automotive Market is classified into Passenger Cars and Commercial Vehicles. Based upon Application Cloud-Based Solutions for Automotive Market is classified into Fleet Management, Infotainment, Over the Air (OTA) Updates, Telematics and Others.
Cloud Computing is an advanced technology in which a network of remote servers are used via internet to store, manage and process data, instead of using the local devices or hard disk. The main objective of cloud based solution for automotive is boosting collaboration, promoting sustainability and improving the vehicle safety. Cloud computing technologies have potential where automotive manufacturers to develop intelligent vehicles that are capable of engaging with their environment. The applications driven by cloud based solutions for automotive industry includes advanced vehicle connectivity, mobile computing, infotainment applications, machine learning, telemetry, voice and video data communication. These wide scale cutting edge applications are offering positive growth of cloud based solutions market for automotive market.
In recent years, Cloud-based computing combined with car telematics enabling new mobility models. To control and navigate these autonomous vehicles safely and effectively, intelligent transportation systems will coordinate the traffic, and digital maps in the car is constantly updated over the cloud is expected the growth of this market. The rising adoption towards telematics, advanced driver assistance system, mobility services and infotainment are key factors to grow the market. Vehicle telematics include wide range of computing and communication services incorporated into the car. Cloud based solutions help in achieving OEM’s to maintain their relevance to customers. However, cybersecurity is major concern for cloud based solution which is one of the restraining factors of this market. Technological advancement in connected vehicles is predicted to offer the promising opportunities in near future.
The rising adoption of telematics, advanced driver assistance system, mobility services and infotainment are some of the key factors which are driving the growth of Cloud-Based Solutions for Automotive Market.
Vehicle telematics include wide range of computing and communication services incorporated into the car. Its use in the United States reached about 20 percent in 2016, Italy 17 percent, and Singapore 9 percent. That same year, global usage-based insurance (UBI) adoption made possible by telematics expanded to 14 million policies. (ADAS) advanced driver assistance system based on Automotive IoT Solutions help drivers in avoiding on-road collisions by generating alerts on potential hazards while driving and allow the drivers to take timely control of the vehicle. For example, 5.8 Billion Enterprise and Automotive IoT Endpoints Will Be in Use in 2020. The enterprise mobility applications are constantly evolving, needing unplanned and emergency support and top-notch development facilities for various heterogeneous devices and platforms. Cloud technology and the standard HTML5 web application framework are expected to provide connected automotive infotainment developers with the tools to bridge the life cycle gap between automotive and mobile/ CE while at the same time reducing costs. However, cyber security is major concern for cloud based solution. Technological advancement in connected vehicles is predicted to offer the promising opportunities in near future.
Asia pacific is dominating the growth of the Cloud-Based Solutions for Automotive Market, due to increasing advantages of the cloud in the automotive manufacturing sector like collaboration, promoting sustainability and improving the vehicle safety. Collaboration is one of the most important elements of the supply chain in the automotive sector. Cloud computing technologies have enabled automotive manufacturers to develop intelligent vehicles that are capable of engaging with their environment. According to China Automobile Industry Association, China’s automobile production and sales completed 25.721 million vehicles and 25.769 million vehicles respectively, and the production and sales volume continues to be the first in the world. Europe is a second largest cloud based solutions market due to growing at a steady pace as most of the vehicles are equipped with high-end entertainment and safety features. The North American market is estimated to witness a balanced growth during the forecast period. The existing vehicles in North America are already furnished with advanced safety features and infotainment system, which drive the growth of the market.
|Historical data||2015 - 2018|
|Forecast Period||2019 - 2025|
|Market Size in 2018:||USD 32.69 Billion|
|Base year considered||2019|
|Forecast Period CAGR %:||
|Market Size Expected in 2025:||USD 112.7 Billion|
|Tables, Charts & Figures:||175|
|Cloud-Based Solutions for Automotive Companies||Robert Bosch, Harman International, Verizon Wireless, Continental AG, Denso Corporation, Trimble Inc., Sierra Wireless, Delphi Automotive PLC, Tomtom International Bv, Airbiquity Inc, Blackberry Limited, Ericsson AB, Red Hat, Inc., Ooma Inc., Paytm, Adobe, Inc., Amazon Web Services (AWS), Oracle Corporation, IBM Corporation, Alibaba Group Holding Limited, Microsoft Corporation, VMware, Inc., Alphabet Inc., Rackspace Technology, Inc., Apple Inc., Salesforce.com, Inc., HCL Technologies Limited, Hewlett-Packard Company (HPE), Sprint Corporation, Google cloud platform, HashiCorp, Nutanix, Zymr, Octal IT Solution, Workday, OVHcloud, Tencent Cloud, and others.|
|Segments Covered||By Service Model, By Deployment Type, By Application Type, By Vehicle Category|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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