Global Automotive Cloud Market Can Certainly grow at a CAGR of 18% during 2021-2026

According to the MarkNtel Advisors’ research report, “Global Automotive Cloud Market Analysis, 2021”, the market seems to grow at a CAGR of 18% during 2021-26. The automotive industry is witnessing major technological disruptions owing to a significant surge in connected vehicles and the adoption of advanced technologies, such as telematics and cloud solutions. The development in wireless connectivity like 5G, NB-IoT, Wi-Fi & Bluetooth solutions, and their surging integration in vehicles are some factors propelling the global market growth.

Moreover, growing collaboration among market leaders and automotive OEMs for developing infotainment, in-car connectivity, and telematics technologies further drives the need for the automotive cloud. The burgeoning demand for high accurate cloud-based map service that supports connected ADAS and automated driving solutions is a further promising lucrative opportunity for automotive cloud market growth in the forecast period.

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Key questions answered in the study
1. What are the current and future trends in the global Automotive Cloud market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global Automotive Cloud market?
5. What are the customer orientation, purchase behavior, and expectations from the global Automotive Cloud market service providers across various regions?

Public Cloud held Substantial Market Share
Within the Deployment segment, the Public cloud segment held a substantial market share in the Global Automotive Cloud market in 2019. The robust growth in the number of autonomous and connected cars and the growing volume of data from the multitude of sensors, dealerships, production lines has increased the demand for public cloud.

The public cloud offers flexibility, scalability, reliability, and security while maintaining the quality of service at an affordable cost. Google Cloud, AWS, Microsoft Azure, Huawei Cloud, etc., are a few public cloud platform providers.

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“Global Automotive Cloud Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Automotive Cloud providers across the globe. Moreover, the report also comprises the key strategic imperatives for the competitors' success and strategic factorial indexing measuring competitors’ capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

Commercial Vehicle Exhibits Significant Growth
Within the vehicle segment, commercial vehicles exhibit significant growth in the Global Automotive Cloud market in 2019 due to the rapidly growing demand for commercial vehicles and the booming e-commerce industry that has augmented the logistic & transportation sector.

Changing consumer preferences for advanced technology applications in commercial vehicles and the emergence of next-generation automobiles are crucial factors likely to drive the segment growth in the forecast period, reveals MarkNtel Advisors in their research report, “Global Automotive Cloud Analysis, 2021.”

According to MarkNtel Advisors, the key industry leaders in the Global Automotive Cloud market are Verizon Communications, Inc., Ericsson AB, Airbiquity, Tomtom International, Blackberry Limited, Telenav, Visteon Corporation, Microsoft, Amazon Web Services, Inc., Harman International, Robert Bosch GmbH, Continental AG, Denso Corporation, Sierra Wireless, LG Electronics, etc.

Market Segmentation:
1. By Application (Infotainment, V2X, Telematics)
2. By Vehicle (Passenger Vehicles, Commercial Vehicles)
3. By Deployment (Public, Private)
4. By Region (North America, South America, Europe, Asia-Pacific, Middle East & Africa)
5. By Country (U.S, Canada, Mexico, Brazil, Germany, France, The U.K, Italy, India, China, South Korea, Japan, GCC, South Africa)
6. By Competitors (Verizon Communications Inc., Ericsson AB, Airbiquity, Tomtom International, Blackberry Limited, Telenav, Visteon Corporation, Microsoft, Amazon Web Services, Inc., Harman International, Robert Bosch GmbH, Continental AG, Denso Corporation, Sierra Wireless, LG Electronics)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.