Press release
Automotive Software Market is Projected To Reach $43.5 billion by 2027 | AUTONET MOBILE, ADOBE, GREEN HILLS SOFTWARE
Automotive Software Market
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ- https://www.alliedmarketresearch.com/request-sample/2871
Drivers, restraints, and opportunities-
Rise in adoption of ADAS features in vehicles, growing inclination toward connected car services, and intervention of innovative technologies for advanced user interface (UI) drive the global automotive software market. On the other hand, lack of standard protocols to develop software platforms and scarcity of connected infrastructure restrain the growth to some extent. Nevertheless, future potential of 5G and Artificial Intelligence (AI), surge in developments in semi-autonomous and autonomous vehicles, and data monetization in extended automotive ecosystem are expected to create lucrative opportunities in the industry.
COVID-19 Scenario-
The outbreak of Covid-19 led to a sharp decline in demand and investment for automobiles. There's also been a huge change in the consumer behavior that has impacted the market negatively.
Nonetheless, with more and more government bodies coming up with ameliorated regulations and dictums, the market is projected to get back to its stance soon.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ- https://www.alliedmarketresearch.com/automotive-software-market/purchase-options
The safety system segment to dominate by 2027-
Based on application, the safety system segment accounted for around one-third of the global automotive software market share in 2019 and is expected to rule the roost by the end of 2027. The infotainment and telematics segment, on the other hand, would manifest the fastest CAGR of 16.2% throughout the forecast period, due to technological advancements and increasing demand for smartphone features in vehicles.
The application software segment to maintain the dominant share-
Based on product, the application software segment contributed to nearly half of the global automotive software market revenue in 2019 and is anticipated to lead the trail by 2027, owing to the growing demand for smartphone-based infotainment system applications, real-time onboard diagnostic system and car maintenance. Simultaneously, the operating system segment would portray the fastest CAGR of 17.2% from 2020 to 2027. Growing trend of connected cars and autonomous vehicles technology propels the segment growth.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/2871
Europe, followed by Asia-Pacific and North America, garnered the major share in 2019 -
Based on region, Europe, followed by Asia-Pacific and North America, garnered the major share in 2019, holding more than one-fourth of the global automotive software market. At the same time, Asia-Pacific would register the fastest CAGR of 16.6% till 2027. This is due to rapid development of intelligent transport systems and connected mobility in countries such as China and Japan.
Key players in the industry-
Airbiquity Inc.
Wind River Systems, Inc.
Atego Systems Inc. (PTC)
Blackberry Limited
Goggle
Microsoft Corporation
Green Hills Software
Adobe Inc.
Montavista Software
Autonet Mobile, Inc.
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
USA/Canada (Toll Free):
+1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
This release was published on openPR.
Permanent link to this press release:
Copy
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 is Projected To Reach $43.5 billion by 2027 | AUTONET MOBILE, ADOBE, GREEN HILLS SOFTWARE here
News-ID: 3204923 • Views: โฆ
More Releases from Allied Market Research (AMR)
Wood Pulp Market - Growth Prospects, Market Share, Competitive Landscape and For โฆ
The wood pulp market research report offers a comprehensive assessment of the competitive landscape, enabling industry participants to strengthen their revenue position and sustain market competitiveness. The study integrates PESTEL analysis and Porter's Five Forces framework to evaluate industry dynamics and competitive intensity. It further highlights high-potential investment opportunities, assessing them based on market share and CAGR, while profiling leading players and analyzing their financial performance.
Download Sample Pages of Researchโฆ
Potassium Nitrate Market Report: Analysis of Competition and Future Opportunitie โฆ
The rising demand for potassium nitrate from the food and pharmaceutical industries is a major factor driving the growth of the global potassium nitrate market. Asia-Pacific is expected to witness the highest CAGR of 4.9% during the forecast period. However, during the initial months of the COVID-19 lockdown, the market experienced a temporary setback due to disruptions in foreign supply chains and the shutdown of retail operations.
Download Sample Pages ofโฆ
Pearlescent Pigment Market - Analysis of Opportunities, Market Share, Growth, Co โฆ
According to a report published by Allied Market Research, the global pearlescent pigment market was valued at $1.2 billion in 2021 and is projected to reach $2.2 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031. The report offers a comprehensive evaluation of market dynamics, including key investment opportunities, growth drivers, restraints, competitive strategies, market size estimations, and emerging trends. It serves as a valuable resourceโฆ
Plastic Recycling Market: Application, Industry & Regional Analysis with Segment โฆ
Growing awareness of the environmental hazards posed by plastic waste is expected to significantly propel the growth of the global plastic recycling market over the coming years. According to Allied Market Research, the market is projected to gain substantial traction by 2031, with Asia-Pacific anticipated to generate the highest revenue during the forecast period.
Allied Market Research published a report titled "Plastic Recycling Market by Product, Source, and Application: Global Opportunityโฆ
More Releases for Software
Takeoff Software Market May See a Big Move | Sage Software, Bluebeam Software, Q โฆ
Latest Study on Industrial Growth of Takeoff Software Market 2023-2028. A detailed study accumulated to offer Latest insights about acute features of the Takeoff Software market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developmentsโฆ
Robot Software Market Analysis by Software Types: Recognition Software, Simulati โฆ
The Insight Partners provides you global research analysis on โRobot Software Marketโ and forecast to 2028. The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Robot Software market during the forecast period, i.e., 2021โ2028.
Download Sample Pages of this research study at: https://www.theinsightpartners.com/sample/TIPRE00007689/?utm_source=OpenPR&utm_medium=10452โฆ
HR Software Market Analysis by Top Key Players Zenefits Software, Kronos Softwar โฆ
HR software automates how companies conduct business with relation to employee management, training and e-learning, performance management, and recruiting and on-boarding. HR professionals benefit from HR software systems by providing a more structured and process oriented approach to completing administrative tasks in a repeatable and scalable manner. Every employee that is added to an organization requires management of information, analysis of data, and ongoing updates as progression throughout the companyโฆ
HR Software Market by Top Manufacturers โ Zenefits Software, Kronos Software, โฆ
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 aโฆ
HR Software Market by Top Manufacturers โ Zenefits Software, Kronos Software, โฆ
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 aโฆ
HR Software Market Analysis by Top Key Players โ Zenefits Software, Kronos Sof โฆ
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 sectorsโฆ
