Automotive Cloud Based Solutions Market Outlook 2024: Exclusive Report By The Business Research Company

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2077

The Business Research Company offers in-depth market insights through Automotive Cloud Based Solutions Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The automotive cloud based solutions market size has grown rapidly in recent years. It will grow from $54.38 billion in 2023 to $63.94 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth in the historic period can be attributed to evolution of technology for automotive systems, such as adas, growing demand for telematics in connected vehicles, increasing emphasis on in-car data services, rise in vehicle-to-everything (v2x) communication, and the revolutionary potential of iot and the introduction of the 5G network.The automotive cloud based solutions market size is expected to see rapid growth in the next few years. It will grow to $113.65 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to increasing demand for connected car services, rising emphasis on driver experience and vehicle performance, government initiatives and regulations, data analytics and predictive maintenance services, and partnerships and alliances. Major trends in the forecast period include AI and machine learning, sustainability and green solution, edge computing in automotive cloud, connected and autonomous vehicle, subscription-based models.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=13809&type=smp

Market Segmentation:
The automotive cloud based solutions market covered in this report is segmented -

1) By Service Model: Professional Services, Managed Services
2) By Deployment Type: Private Cloud, Public Cloud
3) By Vehicle Type: Passenger Vehicles, Commercial Vehicles
4) By Application: Infotainment Systems, Telematics, Fleet Management, Over The Air (OTA) Systems, Advanced Driver-Assistance Systems (ADAS), Other Applications

Major Driver - Demand For Connected And Autonomous Vehicles Fuels Growth In Automotive Cloud-Based Solutions Market
The increasing demand for connected and autonomous vehicles is expected to propel the growth of the automotive cloud-based solutions market going forward. A connected and autonomous vehicle (CAV) is an advanced type of vehicle that incorporates both connectivity and autonomous driving capabilities. Cloud-based solutions offer the computational power and storage capacity required to process and analyze the extensive data generated by autonomous vehicles, which is crucial for informed decision-making regarding navigation, obstacle avoidance, and route planning in real-time. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, it is projected that there are expected to be 3.5 million autonomous vehicles on American roads by 2025. Furthermore, an estimated 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, the increasing demand for connected and autonomous vehicles is driving the growth of the automotive cloud-based solutions market.

Competitive Landscape:
Major companies operating in the automotive cloud based solutions market report are Google LLC, Microsoft Corporation, Verizon, Robert Bosch GmbH, Amazon Web Services Inc., Siemens AG, Intel Corporation, IBM Corporation, Cisco Systems Inc., Denso Corporation, Oracle Corporation, Continental AG, SAP SE , Salesforce Inc., Ericsson AB, ServiceNow Inc., Harman International, Delphi Automotive PLC, Trimble Inc., Infor, Blackberry Limited, Sierra Wireless, Tomtom International Bv, Sierra Wireless, Airbiquity Inc.

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/automotive-cloud-based-solutions-global-market-report

Top Trend - Revolutionizing Automotive Cloud-Based Solutions With AWS IoT FleetWise
Major companies operating in the automotive cloud-based solutions market are developing advanced technologies, such as cloud-based vehicle data services, to better serve customers with advanced features. Cloud-based vehicle data service refers to the storage, processing, and management of vehicle-related information in the cloud, enabling real-time access, analytics, and remote functionalities for improved automotive operations and user experience. For instance, in September 2022, Amazon Web Services Inc., a US-based provider of cloud computing platforms, launched the AWS IoT FleetWise vehicle data service. The unique feature of the AWS IoT FleetWise vehicle data service is its tailored support for organizations, including automakers, car part suppliers, and delivery companies, in efficiently gathering data from their vehicles' built-in sensors. With the newly launched IoT FleetWise service, AWS streamlines the process of sending vehicle data to the cloud, eliminating the need for custom software development for data collection and upload. This advancement allows automakers to expedite the processing of vehicle data while simultaneously reducing software development costs. At the core of IoT FleetWise is the AWS IoT FleetWise Edge Agent application, which can be seamlessly integrated into vehicle subsystems like telematic control units. Once deployed, the Edge Agent effectively manages the transmission of vehicle data to an organization's AWS environment.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Cloud Based Solutions Market Characteristics
3. Automotive Cloud Based Solutions Market Trends And Strategies
4. Automotive Cloud Based Solutions Market - Macro Economic Scenario
5. Automotive Cloud Based Solutions Market Size And Growth
…..
27. Automotive Cloud Based Solutions Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

This release was published on openPR.