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Automotive Software Market to Witness Huge Growth by Key Players: Robert Bosch, NXP Semiconductors, Renesas Electronics, BlackBerry Limited, NVIDIA and Others.

05-26-2020 08:08 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ReportsandReports

Automotive Software Market to Witness Huge Growth by Key

ReportsnReports offers a latest published report on "Automotive Software Market" delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 241 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.

Need a Free Sample Report? Visit: https://www.reportsnreports.com/contacts/requestsample.aspx?name=1821503

The Global Automotive Software Market size is projected to grow from USD 16.9 billion in 2020 to USD 37.0 billion by 2025, at a CAGR of 16.9%. This report spread across 241 pages, profiling 11 companies and supported with 158 tables and 53 figures are now available in this research.

Top Key Players Profiled in the Automotive Software Market:
o Robert Bosch (Germany)
o NXP Semiconductors (Netherland)
o Renesas Electronics (Japan)
o BlackBerry Limited (Canada)
o NVIDIA (US)

"Demand for connected services is likely to drive the growth of the automotive software market during the forecast period."
An increasing number of connected cars has opened new revenue-generating opportunities for the stakeholders in the connected car ecosystem. A lot of non-automotive players have entered the race of connected cars to leverage the possibility of earning revenues. Today's vehicles are no more a hardware-based moving machine. Today, they comprise almost40% of electronic content, which is expected to become more than 60% in the next few decades.

Do you have any query or specific requirement? Ask to our industry expert at https://www.reportsnreports.com/contacts/inquirybeforebuy.aspx?name=1821503

"Europe is estimated to play a major role in the automotive software market during the forecast period."
Europe is estimated to be the second-largest market in the automotive software market. Europe is home to many major automobile companies. The automotive industry is one of the key contributors to the economy of Europe. To strengthen the competitiveness of the EU automotive industry and preserve its global technological leadership, the European Commission supports global technological harmonization and provides funding for R&D.

Leading German manufacturers and global players shut down the majority of their production in Europe because of the outbreak of COVID-19. Car sales in Europe were resilient until February, but the outbreak has negatively affected the market. With the increasing COVID-19 cases and a rising number of quarantine measures, demand is expected to decline further in March & April in all parts of Europe.

Breakdown of primary participants' profile:
o By Company Type: OEMs - 21%, Tier 1-47%,and Tier 2 - 32%,
o By Designation: CXOs - 39%, Directors - 34%,and Others* - 27%
o By Region: North America - 37%, Europe - 32%, Asia Pacific - 23%, LATAM -5%, and Rest of the World- 3%

Competitive Landscape of Automotive Software Market:
1 Market Evaluation Framework
2 Overview
3 Market Ranking Analysis
4 Market Evaluation Framework Revenue Analysis Of Top 5 Player
5 Competitive Leadership Mapping
5.1 Star
5.2 Emerging Leaders
5.3 Pervasive
5.4 Emerging Companies
6 Strength Of Product Portfolio
7 Business Strategy Excellence
8 Winners Vs. Tail-Enders
9 Competitive Scenario
9.1 New Product Developments
9.2 Expansions
9.3 Collaborations
9.4 Mergers/Acquisitions

Go For Interesting Discount Here: https://www.reportsnreports.com/purchase.aspx?name=1821503

Reason to access this report:
The report will help leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall automotive software market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.

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