Industry Background:
The automotive Cloud platform offers the complete infrastructure required for connecting, monitoring, and transferring data between vehicles, service networks, and others. Automotive The major companies operating in this industry has increased their funding to gain IT agility, control cost, communication, and networking technologies. And also implementing cloud-based DevOps in the automotive ecosystem to generate high-quality software for continuous delivery to their consumers. According to a survey report by the year 2020, there will be over 250 million connected vehicles on the road. As today's global automotive industry is near about USD ~3 trillion, the whole industry is going under the major transformation including car-sharing, connected vehicles, and other services. The cloud automotive industry will be expected to reach USD ~9-9.6 billion by FY 2025. The market leaders including Uber and Lyft revealed that the ride-hailing services market will be expected to reach USD ~133 billion by FY 2023. Seattle is gaining major attraction by the increasing number of mobility companies such as Mercedes, GM Cruise, Uber, and many others.This growth is primarily driven by Increasing Technology Advancement Potential Offered by Cloud Computing, Big Data, Machine Learning, and Mobility Systems, Automotive Cloud Technology
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Cloud Computing sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Apple (United States), BlackBerry (Canada), Verizon Wireless (United States), Continental AG (Germany), Ericsson (Sweden), Bosch (Germany), Pioneer (Japan), Denso Corporation (Japan), Harman a Samsung Company (United States), SHIFTMobility Inc. (United States), Delphi Automotive (United Kingdom), Microsoft (United States), SAP (United States), Amazon Web Services and Intellias (Ukraine, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Jan 2020, Volkswagen Group announced the acquisition of the Diconium, a digital service company to enhances its global online sales platform. Through this agreement Volkswagen allows their consumers to purchase and manage their digital services for their connected vehicles in the coming years.
In Oct 2018, Volkswagen announced its partnership with Microsoft to create a new automotive cloud. Through this strategic partnership will turbocharge its digital transformation, with all this company making strategies for shaping the future of auto-mobility. Under this partnership, the Volkswagen automotive cloud is available for Europe, China, and the United States regions for the complete electric and connected offering.The global automotive cloud market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. The market players are focusing on generating competitive advantage by scaling up fast supported by cloud services-based connectivity solutions. With autonomous vehicles making inroads to the market there is a higher need for the vehicles to be able to communicate with their surrounding environment.
Influencing Trend:
This Market Is Highly Growing in the Adoption of Majorly in Asia Pacific Regions Especially, in China, And India. Because of Rising Presence of Technology-Based Start-Ups Functionalities of a Dealer Management System. and IoT Sparking the Growth of Connected Cars
Market Growth Drivers:
Increasing Technology Advancement Potential Offered by Cloud Computing, Big Data, Machine Learning, and Mobility Systems, Automotive Cloud Technology, Increasing Demand for Ride-Sharing Services and Growing Demand from the Automotive Suppliers for the Cloud Computing to Improve Cost of the Operations
Restraints:
Lack of Infrastructure and Rising Threats from Hackers can Hamper Market Growth
Opportunities:
Strong Opportunity in The Connected Car Ecosystem, Increasing Number of Value-Added Services by Leading Market Players and High Availability Of 5G With Reliable and Secure Capabilities Which Will Support the Automotive Requirements
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Automotive Cloud Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Automotive Cloud Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Automotive Cloud players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Automotive Cloud Study Sheds Light on
The Automotive Cloud Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Cloud industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Cloud industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.