Press release
What’s driving the Automotive Software Market, Industry Growth? Autodesk, Daimler AG, Dassault Systèmes, Delphi Technologies, Ford Motor Company, General Motors, Oracle, SAP, Wipro Limited
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Growth drivers
1. Increase in number of electronic products in vehicles
2. Increasing investment in auto-tech and autonomous vehicles
3. Increasing demand for connected cars
4. Intervention of innovative technologies for advanced user interface
Automakers and technology giants, such as Audi, BMW, Ford, Google, General Motors, Tesla, Volkswagen, and Volvo, are working on developing their own automotive software. In contrary, consolidation of ECUs and the lack of standard protocols to develop software platforms may adversely affect the overall growth of the automotive software market. Maintenance & troubleshooting of automotive software and cybersecurity threats can create challenges for automotive manufacturers. Moreover, the demand for automotive software is expected to increase significantly over the forecast timeline owing to the growth of the overall automotive industry.
Company Profiled:
1. ANSYS, Inc
2. Autodesk, Inc.
3. Bosch Software Innovations
4. CDK Global (International)
5. Daimler AG
6. Dassault Systèmes SE
7. DealerTrack Holdings, Inc.
8. Delphi Technologies
9. Ford Motor Company
10. General Motors
11. Genesys
12. Honda Motor Company, Ltd.
13. NVIDIA
14. Oracle Corporation
15. SAP SE
16. Siemens PLM Software
17. The Reynolds and Reynolds Company
18. Wipro Limited
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The autonomous driving software market is projected to register an accelerated growth during the forecast timeline growing at a CAGR of around 17%. The growth is attributed to investments and R&D activities done by companies such as Bosch Software, Wipro, and NVIDIA. In addition, these companies are also taking efforts to expand and emerge with other companies to design & develop autonomous vehicles.
The Asia Pacific automotive software market is expected to register the highest growth with a CAGR of around 18% between 2019 and 2025. This growth can be attributed to the presence of emerging countries (such as China and India), leading manufacturers, and significantly large consumption markets in the region. In addition, the infrastructural development and growing industrialization in emerging economies are creating opportunities for automotive OEMs.
The mobility service is anticipated to exhibit a lucrative growth at a CAGR of over 19% between 2019 and 2025. The increasing adoption of Mobility-as-a-Service (MaaS) is expected to influence the mobility service application market significantly. In addition, companies such as General Motors, Ford, and Delphi are taking their leap into the automotive software market by making huge investments to develop fully-automated cars, which may further explain the growth of this segment.
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Some of the key players operating in the automotive software market are Cox Automotive, CDK Global, SAP, Siemens PLM Software, Nvidia, Bosch Software, Reynolds and Reynolds Company, Dassault Systèmes,, Autodesk, Solera Holdings, Oracle, Ansys Inc., Dealertrack, Wipro Limited, Honda, Genesys, Daimler, Delphi, Ford, and General Motors.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
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