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Growing Adoption Of 5G Networks Fueling The Market Growth Due To The Increasing Need For Real-Time Data Processing: Critical Driver Shaping the Global Edge Cloud For Connected Car Market in 2025
Edge Cloud For Connected Car
Edge Cloud For Connected Car Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market valuation for edge cloud solutions specifically designed for connected automobiles has experienced rapid expansion recently. Projected figures indicate an upward trajectory from $2.66 billion in 2024 to $3.21 billion the following year, reflecting a compound annual growth rate of 20.7 percent. This notable expansion observed over the past period stems from several factors, including the wider acceptance of internet-enabled automobiles, the escalating requirement for immediate, up-to-the-minute navigational assistance, intensifying requirements for inter-vehicle data exchange, greater deployment of in-car entertainment systems, and the greater incorporation of telematics technologies within vehicles.
Edge Cloud For Connected Car Market Size Forecast: What's the Projected Valuation by 2029?
Anticipate a period of rapid expansion for the edge cloud sector serving connected vehicles, projecting its valuation to reach $6.74 billion by the year 2029, reflecting a substantial compound annual growth rate of 20.4% across the ensuing years; this surge is principally fueled by mounting requirements for autonomous driving facilitation, greater implementation of vehicle networks leveraging 5G capabilities, the increasing imperative for sophisticated driver support mechanisms, a heightened emphasis on anticipating vehicle upkeep needs, and the rising inclination toward software modifications delivered wirelessly. Key underlying movements shaping this market during the projection timeframe encompass strides in edge computing expertise, novel developments in analytical processing of vehicle data through artificial intelligence, increased capital deployment into connectivity frameworks of the next generation, progress realized in securing data via blockchain technology, and the evolution of automotive platforms built on cloud-native architectures.
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What Are the Drivers Transforming the Edge Cloud For Connected Car Market?
The advancement and wider deployment of 5G infrastructure are anticipated to be a significant catalyst for expansion within the edge cloud sector dedicated to connected vehicles moving ahead. These sophisticated wireless communication schemes, characteristic of 5G, deliver markedly superior data transmission rates, reduced delays, and improved linking capabilities when contrasted with preceding network generations. The proliferation of 5G is being fueled by escalating requirements for connectivity offering both rapid throughput and minimal latency, essential for supporting sophisticated digital offerings, vehicle interconnection, intelligent urban framework development, and the swift processing of data across diverse economic sectors. By offering exceptionally low latency and substantial bandwidth, 5G networks serve as a crucial enabler for edge cloud solutions in connected automobiles, permitting the immediate analysis of extensive real-time vehicular data streams right at the periphery of the network. This capability facilitates immediate data exchange linking vehicles, road infrastructure, and cloud-based platforms, which underpins vital safety mechanisms, fully automated driving operations, and richer onboard user experiences demanding immediate responsiveness. To illustrate the scale of this trend, reports from 5G Americas, a US telecommunications association, indicated in July 2024 that worldwide 5G connections neared the two-billion mark by the initial quarter of 2024, incorporating 185 million fresh subscribers, with forecasts suggesting this figure will climb toward roughly 7.7 billion before the close of 2028. Consequently, the increasing integration of 5G technology is directly contributing to the upward trajectory of the edge cloud market specifically catering to connected automobiles.
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What Long-Term Trends Will Define the Future of the Edge Cloud For Connected Car Market?
Leading firms engaged in the edge cloud sector for interconnected automobiles are concentrating on utilizing cutting-edge approaches, such as software updates transmitted wirelessly to the vehicle (OTA), aimed at boosting both vehicle functionality and the end-user experience. These OTA software update mechanisms represent technology enabling remote reception and installation of program revisions by vehicles, negating the need for dealership visits, thereby facilitating boosts to operational capability, the introduction of novel functionalities, error resolution, and improved safety in a fluid manner. To illustrate this trend, in the initial month of 2023, EPAM Systems Inc., an American software enterprise, introduced AosEdge, a complete platform linking vehicle to cloud (V2C) intended to radically transform the method by which service providers and original equipment manufacturers (OEMs) roll out and administer services and applications within the car cabin. AosEdge facilitates smooth software revisions and underpins the creation of cars defined by their software via its two principal elements: AosCloud, which is EPAM's cloud-resident infrastructure, and AosCore, the in-car operational environment integrated directly into Renesas' R-Car System on Chip (SoC). Thanks to this platform's contemporary microservices structure, manufacturers can deploy new services and features with high efficiency, simultaneously empowering programmers, even those lacking deep automotive background knowledge, to construct cabin software irrespective of the underlying vehicle structure.
Which Segments in the Edge Cloud For Connected Car Market Offer the Most Profit Potential?
The edge cloud for connected carmarket covered in this report is segmented -
1) By Component: Hardware, Software, Services
2) By Deployment Mode: Public Cloud, Private Cloud, Hybrid Cloud
3) By Connectivity: Fifth Generation (5G), Fourth Generation (4G) Or Long Term Evolution (LTE), Wireless Fidelity (Wi-Fi), Other Connectivities
4) By Vehicle Type: Passenger Cars, Commercial Vehicles
5) By Application: Infotainment, Advanced Driver Assistance Systems (ADAS), Telematics, Fleet Management, Autonomous Driving, Other Applications
Subsegments:
1) By Hardware: Edge Servers, Networking Equipment, Onboard Computing Units, Storage Devices
2) By Software: Edge Computing Software, Data Management Software, Connectivity Management Software, Security And Analytics Software
3) By Services: Deployment Services, Maintenance Services, Consulting Services, Training Services
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Which Firms Dominate the Edge Cloud For Connected Car Market by Market Share and Revenue in 2025?
Major companies operating in the edge cloud for connected car market are Google LLC, Microsoft Corporation, Samsung Electronics Co. Ltd., Ford Motor Company, General Motors Company, Hyundai Motor Company, Amazon.com Inc., Huawei Technologies Co. Ltd., Robert Bosch GmbH, International Business Machines Corporation, NVIDIA Corporation, Cisco Systems Inc., Intel Corporation, Continental AG, Qualcomm Incorporated, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Audi AG, Renesas Electronics Corporation, and Equinix Inc.
Which Regions Offer the Highest Growth Potential in the Edge Cloud For Connected Car Market?
North America was the largest region in the edge cloud for connected car market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the edge cloud for the connected car market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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