Automotive Cloud Based Solutions Market Size Forecasted To Achieve $129.89 Billion By 2029 With Steady Growth

The Automotive Cloud Based Solutions Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Automotive Cloud Based Solutions Market Size and Projected Growth Rate?
In recent years, there has been a significant expansion in the automotive cloud-based solutions market. This market, which was valued at $63.94 billion in 2024, is projected to surge to $74.97 billion in 2025, signifying a compound annual growth rate (CAGR) of 17.2%. This historical growth has been fueled by advancements in automotive systems technology such as ADAS, increasing demand for telematics in connected cars, a focus on in-car data services, the emergence of vehicle-to-everything (v2x) communication, and the transformative influence of IoT and the advent of the 5G network.

In the ensuing years, there's projected to be a significant surge in the size of the automotive cloud-based solutions market. It's likely to reach $129.89 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 14.7%. Enhanced demand for connected car facilities, emphasis on driver satisfaction and vehicle performance, governmental initiatives, and regulations, as well as data analytics and forecasting maintenance services, and partnerships, are all contributing to this growth in the projected period. The use of AI and machine learning, devotion to sustainability and green solutions, edge computing in the automotive cloud, connected and autonomous vehicles, subscription-based models are trending during this same period.

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What Are the Major Segments in the Automotive Cloud Based Solutions Market?
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

Subsegments:
1) By Professional Services: Consulting Services, Integration Services, Implementation Services, Support And Maintenance Services
2) By Managed Services: Infrastructure Management, Application Management, Security Management, Network Management

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What Are The Driving Automotive Cloud Based Solutions Market Evolution?
The surge in preference for autonomous and connected vehicles is anticipated to drive the automotive cloud-based solutions market's progress. Connected and Autonomous Vehicles (CAVs) represent an evolved class of vehicles that embody both connectivity and independent driving capabilities. Cloud-based solutions provide the necessary computing power and storage capabilities needed to handle and evaluate the large volume of data produced by autonomous vehicles, which is essential for informed real-time decisions concerning navigation, bypassing obstacles, and planning routes. As per Salesforce, a cloud computing firm based in the United States, by 2030, 95% of all cars on the road are projected to be connected, as cited in January 2024. Moreover, as per the data from the National Highway Traffic Safety Administration, a U.S. government agency, by 2025, the U.S. roads will have 3.5 million autonomous vehicles, and by 2030, this number will rise to 4.5 million. As a result, this mounting demand for autonomous and connected vehicles is fuelling the expansion of the automotive cloud-based solutions market.

Which Firms Dominate The Automotive Cloud Based Solutions Market Segments?
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.

What Trends Are Driving Growth in The Automotive Cloud Based Solutions Market?
Major firms engaged in the automotive cloud-based solutions market are progressing towards the development of high-end technologies, including cloud-based automobile data services, in an effort to enhance customer experience with superior features. These services involve the stashing, processing, and management of vehicle-related data on the cloud, allowing immediate access, advanced analytics, and distant functionalities for the enhancement of automotive operations and user-friendliness. For example, Amazon Web Services Inc., a cloud computing platform provider based in the US, introduced the AWS IoT FleetWise, a vehicle data service, in September 2022. The distinctiveness of the AWS IoT FleetWise vehicle data service is its customized support for diverse organizations such as automakers, automotive component suppliers, and delivery firms, to swiftly collect data from their vehicles' inbuilt sensors. The new IoT FleetWise service from AWS simplifies the task of transmitting vehicle data to the cloud, cutting down the necessity for custom software creation for data compilation and upload. This progress enables car manufacturers to hasten the handling of vehicle information while concurrently decreasing software development costs. The AWS IoT FleetWise Edge Agent application, conveniently integrated with automobile subsystems like telematic control units, forms the crux of IoT FleetWise. Following implementation, the Edge Agent efficiently controls the transference of vehicle data to a firm's AWS setting.

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Which Is The Largest Region In The Automotive Cloud Based Solutions Market?
North America was the largest region in the automotive cloud based solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive cloud based solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Cloud Based Solutions Market?
2. What is the CAGR expected in the Automotive Cloud Based Solutions Market?
3. What Are the Key Innovations Transforming the Automotive Cloud Based Solutions Industry?
4. Which Region Is Leading the Automotive Cloud Based Solutions Market?

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