Automotive Cloud Based Solutions Market Size, Key Players, Trend Analysis, Growth And Forecast To 2033

The new report published by The Business Research Company, titled "" Automotive Cloud Based Solutions Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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 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

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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.

Contents of the report:
1. Executive Summary
2. Automotive Cloud Based Solutions Market Report Structure
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

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