Automotive Cloud Based Solutions Market: Global Industry Analysis and Forecast (2021-2027)

Automotive Cloud Based Solutions Market reached a value of US $ 3.10 Bn. in 2020. Global Automotive Cloud Based Solutions Market size is estimated to grow at a CAGR of 11.57 %. The market is expected to reach a value of US $ 6.67 Bn. in 2027.

Automotive Cloud Based Solutions Market Overview and Dynamics:

Cloud-based solutions for automotive is an open infrastructure for data from cars and the automotive supply chain. It offers access to information from different sources, with manufacturers, dealers, and other partners. Such as, it can expand supply chain visibility and resolve issues faster. Therefore, it will help the automotive industry plan its activities more profitably and efficiently. The launch of new products is expected to drive the growth of the automotive cloud-based solutions market during 2021-2027. For example, in Dec 2021, AWS (Amazon Web Services) launched AWS FleetWise, a new cloud-based data service that permits automakers to collect and retrieve sensor and telemetry data from their vehicle fleets. Furthermore, the launch of cloud-native retail operating platforms is also estimated to drive the growth of the global market for automotive cloud market over the forecast period. For instance, in July 2020, Tekion, a technology company, launched Zero-Contact Digital Sales, and Service, consumer-facing products for dealers. The applications are part of the company's Automotive Retail Cloud, a cloud-native retail operating platform. Automotive Cloud Based Solutions Market To know about the Research Methodology:- Request Free Sample Report Increasing adoption of vehicle infotainment is expected to offer lucrative growth opportunities for players in the global automotive cloud-based solutions market. Such as, in Feb 2021, Ford Motors signed a 6-year agreement with Google GOOG to influence the Google Cloud Platform to power vehicle infotainment. However, underdeveloped economies and remote areas do not have the IT infrastructure to have cloud platforms and software or even to handle such platforms and safeguard them from the attacks from the rising number of hackers. Insufficient disposable income in emerging economies, high cost of such automotive, are the main restraints for the automotive cloud-based solutions market globally. 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Automotive Cloud Based Solutions Market Segment Analysis:

Global Automotive Cloud Based Solutions Market is segmented into product and application. The MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the automotive cloud based solutions market size. In 2020, the fleet management segment accounted for a dominant share of over 32.10%. Based on Application, the fleet management segment held the largest market share of 32.10 % in 2020 and is projected to grow at the highest CAGR of 12% over 2021-2027. This is expected owing to the deployment of fleet management solutions and services across various countries especially in APAC countries such as India and China. The use of the fleet management framework has increased exponentially with the transformation of the fleet industry and the increase in companies like car-rental services and logistics and supply chain. Applications that drive cloud-based solutions for the automotive market comprise infotainment, fleet management, telematics, ADAS, OTA updates, and other services. The passenger vehicles segment is projected to grow at the highest CAGR of 7.25% over 2021-2027. By Vehicle Type, the passenger vehicles segment is expected to grow at a CAGR of 12.25% during 2021-2027 thanks to robust mounting passenger vehicle sales. The growing deployment of advanced technologies to improve customer experience and reduce road accidents. Also, the increasing collaboration between companies and automotive OEMs for emerging automated driving functions for passenger cars are factors fueling the demand for the automotive cloud in the passenger sector. Automotive Cloud Based Solutions Market 1

The Asia Pacific to Retain Lead through 2027:

APAC market was valued at US$ XX Bn. in 2020 and is expected to reach a value of US$ XX Bn. by 2027, with a CAGR of XX% during the forecast period. This growth is driven by growing demand for technologically advanced and reliable vehicles following the integration of IT services with the automotive & transport sectors. This has resulted in the growth of an advanced vehicle system. The emergence of driving help technologies has encouraged OEMs to choose cloud-based services to satisfy the continuing trends in the market. The development of the IT & communication infrastructure is expected to drive the market for automotive cloud-based solutions on the APAC market. Particularly in India & China, this market is highly growing.

Key Development:

The competitive landscape section in the automotive cloud based solutions market offers a deep dive into the profiles of the leading companies operating in the global market landscape. It offers captivating insights on the key developments, differential strategies, and other crucial aspects about the key players having a stronghold in the automotive cloud based solutions market. Automotive Cloud Based Solutions Market 2 The objective of the report is to present a comprehensive analysis of the Automotive Cloud Based Solutions Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help understand the Automotive Cloud Based Solutions Market dynamic and structure by analyzing the market segments and projecting the Automotive Cloud Based Solutions Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Automotive Cloud Based Solutions Market make the report investor’s guide.

Automotive Cloud Based Solutions Market Scope: Inquire before buying

Global Automotive Cloud Based Solutions Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US$ 3.10 Bn.
Forecast Period 2021 to 2027 CAGR: 11.57 % Market Size in 2027: US$ 6.67 Bn.
Segments Covered: by Vehicle Type • Passenger Vehicles • Commercial Vehicles
by Propulsion Type • IC Engine Vehicle • Electric Vehicles
by Deployment Type • Private Cloud • Public Cloud
by Application • Infotainment Systems • Telematics • Fleet Management • OTA (Over the air) Systems • ADAS (Advanced driver-assistance systems) • Others

Automotive Cloud Based Solutions Market, by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Automotive Cloud Based Solutions Market Key Players

• Blackberry Limited • Harman International • Verizon Wireless • Continental AG • Robert Bosch GmbH • Denso Corporation • Trimble Inc. • Sierra Wireless • Delphi Automotive PLC • Tomtom International Bv • Ericsson AB • Airbiquity Inc.

Frequently Asked Questions:

1] What segments are covered in the Automotive Cloud Based Solutions Market report? Ans. The segments covered in the Automotive Cloud Based Solutions Market report are based on Vehicle type, Propulsion type, Deployment type and Application. 2] Which region is expected to hold the highest share in the Automotive Cloud Based Solutions Market? Ans. APAC region is expected to hold the highest share in the Automotive Cloud Based Solutions Market. 3] What is the market size of the Automotive Cloud Based Solutions Market by 2027? Ans. The market size of the Automotive Cloud Based Solutions Market by 2027 is US$ 6.67 Bn. 4] What is the forecast period for the Automotive Cloud Based Solutions Market? Ans. The forecast period for the Automotive Cloud Based Solutions Market is 2021-2027. 5] What was the market size of the Automotive Cloud Based Solutions Market in 2020? Ans. The market size of the Automotive Cloud Based Solutions Market in 2020 was US$ 3.10 Bn.
1. Global Automotive Cloud Based Solutions Market: Research Methodology 2. Global Automotive Cloud Based Solutions Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Automotive Cloud Based Solutions Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Automotive Cloud Based Solutions Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Automotive Cloud Based Solutions Market Segmentation 4.1 Global Automotive Cloud Based Solutions Market, By Vehicle type (2020-2027) • Passenger Vehicles • Commercial Vehicles 4.2 Global Automotive Cloud Based Solutions Market, By Propulsion type (2020-2027) • IC Engine Vehicle • Electric Vehicles 4.3 Global Automotive Cloud Based Solutions Market, By Application (2020-2027) • Private Cloud • Public Cloud 4.4 Global Automotive Cloud Based Solutions Market, By Deployment type (2020-2027) • Infotainment Systems • Telematics • Fleet Management • OTA (Over the air) Systems • ADAS (Advanced driver-assistance systems) • Others 5. North America Automotive Cloud Based Solutions Market (2020-2027) 5.1 North America Automotive Cloud Based Solutions Market, By Vehicle type (2020-2027) • Passenger Vehicles • Commercial Vehicles 5.2 North America Automotive Cloud Based Solutions Market, By Propulsion type(2020-2027) • IC Engine Vehicle • Electric Vehicles 5.3 North America Automotive Cloud Based Solutions Market, By Application (2020-2027) • Private Cloud • Public Cloud 5.4 North America Automotive Cloud Based Solutions Market, By Deployment type (2020-2027) • Infotainment Systems • Telematics • Fleet Management • OTA (Over the air) Systems • ADAS (Advanced driver-assistance systems) • Others 5.5 North America Automotive Cloud Based Solutions Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Automotive Cloud Based Solutions Market (2020-2027) 6.1. Asia Pacific Automotive Cloud Based Solutions Market, By Vehicle type (2020-2027) 6.2. Asia Pacific Automotive Cloud Based Solutions Market, By Propulsion type (2020-2027) 6.3. Asia Pacific Automotive Cloud Based Solutions Market, By Application (2020-2027) 6.4. Asia Pacific Automotive Cloud Based Solutions Market, By Deployment type (2020-2027) 6.5. Asia Pacific Automotive Cloud Based Solutions Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Automotive Cloud Based Solutions Market (2020-2027) 7.1 Middle East and Africa Automotive Cloud Based Solutions Market, By Vehicle type (2020-2027) 7.2. Middle East and Africa Automotive Cloud Based Solutions Market, By Propulsion type (2020-2027) 7.3. Middle East and Africa Automotive Cloud Based Solutions Market, By Application (2020-2027) 7.4. Middle East and Africa Automotive Cloud Based Solutions Market, By Deployment type (2020-2027) 7.5. Middle East and Africa Automotive Cloud Based Solutions Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Automotive Cloud Based Solutions Market (2020-2027) 8.1. Latin America Automotive Cloud Based Solutions Market, By Vehicle type (2020-2027) 8.2. Latin America Automotive Cloud Based Solutions Market, By Propulsion type (2020-2027) 8.3. Latin America Automotive Cloud Based Solutions Market, By Application (2020-2027) 8.4. Latin America Automotive Cloud Based Solutions Market, By Deployment type (2020-2027) 8.5. Latin America Automotive Cloud Based Solutions Market, by Country (2020-2027) • Brazil • Argentina • Rest of Latin America 9. European Automotive Cloud Based Solutions Market (2020-2027) 9.1. European Automotive Cloud Based Solutions Market, By Vehicle type (2020-2027) 9.2. European Automotive Cloud Based Solutions Market, By Propulsion type (2020-2027) 9.3. European Automotive Cloud Based Solutions Market, By Application (2020-2027) 9.4. European Automotive Cloud Based Solutions Market, By Deployment type (2020-2027) 9.5. European Automotive Cloud Based Solutions Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 10. Company Profile: Key players 10.1. Blackberry Limited 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Harman International 10.3 Verizon Wireless 10.4 Continental AG 10.5 Robert Bosch GmbH 10.6 Denso Corporation 10.7 Trimble Inc. 10.8 Sierra Wireless 10.9 Delphi Automotive PLC 10.10 Tomtom International Bv 10.11 Ericsson AB 10.12 Airbiquity Inc.

About This Report

Report ID 83204
Category Information Technology & Telecommunication
Published Date February 2021
Updated Date Jan 2022
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