Automotive Cloud Based Solutions Market on Track for Strong Growth, Estimated to Grow at 14.7% CAGR Through 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Is the Expected CAGR for the Automotive Cloud Based Solutions Market Through 2025?
The market size for cloud-based automotive solutions has seen rapid expansion in recent years. It is projected to grow from $63.94 billion in 2024 to $74.97 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.2%. Factors contributing to historical growth include technological advances in automotive systems such as ADAS, heightened demand for telematic services in connected cars, a growing emphasis on in-vehicle data services, an escalation in vehicle-to-everything (v2x) communication, alongside the innovative potential of IoT technologies and the roll-out of the 5G network.

What's the Projected Size of the Global Automotive Cloud Based Solutions Market by 2029?
The market size of cloud-based solutions in the automotive industry is predicted to experience significant expansion in the forthcoming years. By 2029, the market value is projected to reach $129.89 billion, with a compound annual growth rate (CAGR) of 14.7%. The projected growth during this period can be accredited to escalating demands for services related to connected cars, heightened focus on driver experience and the performance of the vehicle, government-led initiatives and regulatory structures, services related to data analytics and predictive maintenance, as well as partnerships and alliances. The forecast period will also see major trends like artificial intelligence and machine learning, sustainability and eco-friendly solutions, edge computing in the automotive cloud, autonomous and connected vehicles, and subscription-based business models.

View the full report here:
https://www.thebusinessresearchcompany.com/report/automotive-cloud-based-solutions-global-market-report

Top Growth Drivers in the Automotive Cloud Based Solutions Industry: What's Accelerating the Market?
The automotive cloud-based solutions market is set to experience significant growth, driven primarily by the growing need for connected and autonomous vehicles. Connected and autonomous vehicles (CAVs), which incorporate both advanced connectivity and autonomous driving capabilities, are critical for this expansion. These vehicles generate vast amounts of data, requiring robust computational power and storage capacity, typically provided by cloud-based solutions. These solutions are essential for processing and analysing vehicle data to facilitate real-time decision-making in areas like navigation, obstacle avoidance and route planning. Salesforce, a US-based cloud computing company, asserted in January 2024 that it anticipates 95% of all vehicles on the road by 2030 would be connected cars. Furthermore, the National Highway Traffic Safety Administration, a US government agency, propounded in December 2022 that by 2025, 3.5 million self-driving vehicles would be traversing US roads, with this number expected to increase to 4.5 million by 2030. With this increasing demand for connected and autonomous vehicles, the automotive cloud-based solutions market is anticipated to thrive.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13809&type=smp

What Trends Will Shape the Automotive Cloud Based Solutions Market Through 2029 and Beyond?
Top-tier firms dominating the automotive cloud-based solutions market are focusing on the innovation of cutting-edge technologies such as cloud-based vehicle data services. This technology entails the cloud storage, administration, and processing of vehicle-oriented data, facilitating real-time access, analytics, and operations remotely enhancing the user experience and automotive operations. In September 2022, Amazon Web Services Inc., an American cloud computing platform firm, unveiled the AWS IoT FleetWise vehicle data service. This service, unique for its custom-made support for various entities such as delivery companies, automakers, and car part suppliers, aids proficiently in compiling data from the embedded sensors in their vehicles. AWS IoT FleetWise service takes the complication out of transferring vehicle data to the cloud, removing the necessity for specialized software development for data gathering and upload. This progression enables automakers to accelerate their vehicle data processes while minimizing software development expenses. An integral part of IoT FleetWise is the AWS IoT FleetWise Edge Agent application that can be smoothly incorporated into vehicle components like telematic control units. Once installed, the Edge Agent efficiently handles the transfer of vehicle data to the company's AWS setting.

What Are the Main 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

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=13809&type=smp

Which Top Companies are Driving Growth in the Automotive Cloud Based Solutions Market?
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.

Which Regions Will Dominate the Automotive Cloud Based Solutions Market Through 2029?
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.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13809

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.