Automotive Software Market Worth $43.5 Billion by 2027 - Adoption of ADAS Features in Vehicles
Download Report (253 Pages) Research at https://www.alliedmarketresearch.com/request-sample/2871
Increase in adoption of ADAS features in vehicles, growing inclination toward connected car services, and intervention of innovative technologies for advanced user interface (UI) fuel the growth of the global automotive software market. On the other hand, lack of standard protocols to develop software platforms and scarcity of connected infrastructure impede the growth to certain extent. However, future potential of 5G and Artificial Intelligence (AI), developments in semi-autonomous and autonomous vehicles, and data monetization in extended automotive ecosystem are projected to pave the way for lucrative opportunities for the key players in the industry.
The outbreak of the pandemic led to a sharp decline in demand and investment for automobiles. There’s also been a huge change in the consumer behavior that has highly affected the market.
However, with several government bodies coming up with ameliorated rules and regulations, the market is expected to recoup soon.
Get detailed COVID-19 impact analysis on the Automotive Software Market Request Here!
The global automotive software market is analyzed across application, product, vehicle type, and region. Based on application, the safety system segment contributed to around one-third of the total market revenue in 2019 and is projected to lead the trail by 2027. Simultaneously, the infotainment and telematics segment would portray the fastest CAGR of 16.2% during the forecast period.
Based on product, the application software segment accounted for nearly half of the total market share in 2019 and is expected to retain its dominance by 2027. At the same time, the operating system segment would showcase the fastest CAGR of 17.2% from 2020 to 2027.
Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2871
Based on region, Europe held the highest share in 2019, generating more than one-fourth of the global automotive software market. Asia-Pacific, on the other hand, would grow at the fastest CAGR of 16.6% by 2027. The two other regions analyzed across the report include North America and LAMEA.
The leading market players analyzed in the automotive software market report include Airbiquity Inc., Atego Systems Inc. (PTC), Microsoft Corporation, Autonet Mobile, Inc., Adobe Inc., Wind River Systems, Inc., Blackberry Limited, Goggle, Green Hills Software, and Montavista Software. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their stand in the industry.
Schedule a Free Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/2871
5933 NE Win Sivers Drive
#205, Portland, OR 97220
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Software Market Worth $43.5 Billion by 2027 - Adoption of ADAS Features in Vehicles here
News-ID: 2244774 • Views: 169
More Releases from Allied Market Research
Electric Fuse Market 2021 Detailed Analysis and Growth Strategies By 2027
The primary factors propelling the growth of the electric fuse market are increasing investments in renewable & power storage, growing investments in T&D infrastructure plans, automobile, and telecommunication. Elevated demand for automobile electronics in the automobile industry and renewal of investments within the construction industry are further complementing the adoption of electric fuse. Increased regulatory awareness closer to facilitating emission reduction in automobiles together with the rapid emergence of electrical &
Industrial Waste Management Market 2021 | Covid19 Impact Analysis | Business Out …
Rise in number of industries led to increase in amount of waste generated by industries. However, they lack rules, regulations, and initiatives to reduce the waste, leading to hampering the growth of the global industrial waste management market. The rising cost of recycling is expected to challenge the waste management market. In addition, rising global inflation and electricity costs could affect the market. Lack of proper waste collection infrastructure in many
Electric Insulator Market to Witness Growth Acceleration during 2020-2027
North America and Europe are in the middle of the process of expansion of the electric insulator market. Asia-Pacific is considered to be the fastest-growing market in this sector due to increased industrialization and urbanization. China is having the largest market share, due to high investments and good distribution network lead by high demand for electric insulators. Rising demand for energy has led to increased need for stable and reliable energy
Concentrated Solar Power Market 2021 Business Opportunities, Growth & Profit Ana …
The report segments the concentrated solar power market on the basis of technology, end user industry, and region. Based on technology, the market is divided into parabolic trough, solar power tower, Fresnel reflectors, and dish Stirling. Based on technology, the parabolic trough segment dominated the market in 2017, owing to growing demand of electricity generation from parabolic trough technology. On the basis of end user industry, the market is classified
More Releases for Software
HR Software Market by Top Manufacturers – Zenefits Software, Kronos Software, …
Global HR Software market could be classified into different regions and countries for a clear understanding of business prospects available across the globe. This intelligence research study presents a wide-ranging study of the global market by evaluating the growth drivers and detaining factors at length. This detailed study of significant factors supports the market participants in understanding the issues they will be facing while operative in this market over a
HR Software Market Analysis by Top Key Players – Zenefits Software, Kronos Sof …
HR software helps HR personnel automate many necessary tasks, such as maintaining employee records, time tracking, and benefits, which allows HR professionals to focus on recruiting efforts, employee performance and engagement, corporate wellness, company culture, and so on. These human management tools can be purchased and implemented as on premise or cloud-based software. This market studies report on the Global HR Software Market is an all-inclusive study of the enterprise sectors
World HR Software Market Top Key Players 2022 - Zenefits Software, Kronos Softwa …
HR Software market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of the leading
Global HR Software Market 2017 - Vibe HCM Software, Kronos Software, Zenefits So …
The report studies HR Software in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022 The HR Software market research report distils the most essential aspects of the market and presents them in the form of a comprehensive and cohesive document. The findings of this report have been obtained via a
Global Medical Software Market: by Types - Orthopedic Software, Dental Software, …
Latest industry research report on: Global Medical Software Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts Request For Sample Report @ http://www.marketresearchreports.biz/sample/sample/1068596 This report studies the global Medical Software market, analyzes and researches the Medical Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Philips Healthcare Varian Ge Healthcare Toshiba Medical Systems Agfa healthcare Siemens
Neoinfo Solutions Pvt. LTD is an IT based company with its main office located in Jaipur(rajasthan). Our expertise lies in the domain of Website Designing development portal development,maintenance software consulting, designing development , implimentation, training and maitenance.In the journey of achieving our combined business and social goals we have kept in mind and have always strictly followed all our data security policies to ensure that all informations of our clients