Global Automotive Cloud Based Solutions Industry Outlook 2025-2029: Market Set to Cross $129.53 Billion Milestone

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What Is the Expected CAGR for the Automotive Cloud Based Solutions Market Through 2025?
The market size for cloud-based solutions in the automotive industry has experienced significant growth in recent years. The market value is projected to swell from $63.94 billion in 2024 to $74.96 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 17.2%. This impressive growth in the historical period is a result of advancements in the technology of automotive systems, such as ADAS. Additionally, the increasing demand for telematics in connected vehicles, the growing focus on in-car data services, the surge in vehicle-to-everything (v2x) communication, alongside the game-changing potential of IoT, and the debut of the 5G network have all contributed to this trend.

What's the Projected Size of the Global Automotive Cloud Based Solutions Market by 2029?
In the coming years, rapid expansion is predicted for the automotive cloud-based solutions market, with an expectation to reach a size of $129.53 billion by 2029, registering a compound annual growth rate (CAGR) of 14.7%. This growth during the forecast period is likely due to a rise in demand for services related to connected cars, heightened focus on driver experience and vehicle performance, governmental initiatives and regulations, as well as data analytics and predictive maintenance services, along with partnerships and alliances. Dominating 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.

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Top Growth Drivers in the Automotive Cloud Based Solutions Industry: What's Accelerating the Market?
The growth of the automotive cloud-based solutions market is expected to be driven by the increasing demand for connected and autonomous vehicles. These advanced vehicles blend connectivity with autonomous driving features. The vast amounts of data that these autonomous vehicles generate require significant computational capacity and storage, which is provided by cloud-based solutions. This extensive data processing and analysis is essential for making well-informed decisions related to real-time navigation, preventing obstacles, and planning routes. A forecast from Salesforce, a US-based cloud computing firm, stated in January 2024 that it is expected that by 2030, 95% of all vehicles on the road will be connected cars. Furthermore, the US-government agency, the National Highway Traffic Safety Administration, predicted in December 2022 that by 2025 there will be 3.5 million self-driving cars on the US roads, and this number will reach 4.5 million by 2030. Hence, the rising demand for connected and autonomous vehicles is stimulating the expansion of the automotive cloud-based solutions market.

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What Trends Will Shape the Automotive Cloud Based Solutions Market Through 2029 and Beyond?
Leading businesses in the automotive cloud-based solutions market are creating cutting-edge technologies, like cloud-based vehicle data services, to enhance service delivery with advanced capabilities. The concept of cloud-based vehicle data service relates to saving, processing, and controlling automobile-related data in the cloud, providing real-time accessibility, analytics, and remote features that enhance car operations and user experience. For example, Amazon Web Services Inc., an American cloud computing platform provider, introduced the AWS IoT FleetWise vehicle data service in September 2022. What makes AWS IoT FleetWise vehicle data service distinctive is its specialized support for organizations, including automotive manufacturers, components suppliers, and distribution companies, to gather data effectively from their vehicles' inbuilt sensors. The recent introduction of the IoT FleetWise service by AWS has made the process of conveying vehicular data to the cloud more efficient, withdrawing the requirement for custom software development for data gathering and upload. This innovation enables car manufacturers to accelerate their vehicle data processing at the same time as reducing software development costs. At the heart of IoT FleetWise is the AWS IoT FleetWise Edge Agent application, designed to be smoothly integrated into car subsystems, such as telematic control modules. Once implemented, the Edge Agent proficiently supervises the transfer of automobile data to an organization's AWS setting.

What Are the Main Segments in the Automotive Cloud Based Solutions Market?
The automotive cloud based solutionsmarket 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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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.

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