Cloud Based Solution Market, Size, Share, Growth, Report (2017 to 2022)

Posted November 30, 2018 by shreens99

The cloud based solutions market for automotive is estimated to be USD 27.03 Billion in 2017 and is projected to grow to USD 66.95 Billion by 2022, at a CAGR of 19.88% during the forecast period.

The report "Cloud Based Solutions Market for Automotive by Application (Fleet Management, Infotainment, OTA Updates, Telematics, ADAS), Deployment (Private, Public), Service Model (Professional, Managed) Vehicle, EV, and Region - Global Forecast to 2022", The cloud based solutions market for automotive is estimated to be USD 27.03 Billion in 2017 and is projected to grow to USD 66.95 Billion by 2022, at a CAGR of 19.88% during the forecast period.

Browse 47 Market Data Tables and 45 Figures spread through 143 Pages and in-depth TOC on "Cloud Based Solutions Market”.

Fleet Management application holds the largest market share in 2017

With the modernization of fleet business and increase in businesses such as car-rental services and logistics & supply chain, the use of fleet management application has increased exponentially. The cloud based solutions for automotive market will be driven by applications include fleet management, infotainment, OTA updates, telematics, ADAS, and other services.

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Passenger Cars– Largest share of cloud based solutions for automotive market in 2017

Growing demand for upgraded infotainment systems, facilities of ecalling, live monitoring, and in-car internet, and stringent safety & security norms have contributed to the growth of the global cloud based solutions for automotive market for passenger cars. The passenger car segment is estimated to hold the largest share of the automotive cloud based services market due to the increasing deployment of various systems that will function over the cloud. Also, safety mandates and emission regulations across developed nations have incentivized the OEMs to design passenger cars that feature advanced technologies, which serve the purpose of connected car. These factors have boosted the cloud based solutions market for passenger cars across the globe.

Asia-Pacific: Rapid vehicle electrification and demand of connected car in Japan, China market is propelling the growth of Asia-Pacific market

Witnessing the benefits of integrating IT services with automotive and transportation sectors, the Asia Pacific region has witnessed a growing demand for vehicles that are technologically advanced and efficient. This has resulted into the manifestation of an advanced vehicle ecosystem. Further, the implementation of safety regulations and construction of smart cities and infrastructure would trigger a change in the technology of passenger cars to keep them connected with the entire grid. The emergence of driving assistance technologies has incentivized the OEMs to opt for cloud based services to meet the ongoing market dynamics. Thus, expanding IT & communication infrastructure is expected to push the demand for cloud based services in vehicles in the Asia Pacific market.

The key players in this market include Apple (US), BlackBerry (Canada), Verizon Wireless (US), Continental AG (Germany), Ericsson (Sweden), Bosch (Germany), Pioneer (Japan), Denso Corporation (Japan), Airbiquity (US), Delphi Automotive (UK), and Visteon (US).

Target Audience

• Automotive OEMs
• Cloud Infrastructure Developers
• Cloud Service Providers
• Cybersecurity Service Providers for Automotive
• Infotainment OEMs
• ADAS & Telematics Suppliers

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Issued By MarketsandMarkets
Country India
Categories Automotive , Energy , Engineering
Tags cloud , based , solution , market
Last Updated November 30, 2018