Global Automotive Cloud Market Statistics: USD 103.5 Billion Value by 2033
Summary:
Industry Trends and Drivers:
● Connected Vehicle Technologies :
It was observed that the automotive cloud was significantly influenced by connected vehicle technologies. With the increasing connectivity and intelligence of vehicles, there is a need for cloud configuration to support such functions as real-time proactive diagnosis, OTA methods for updating vehicle software, and methods for remote vehicle observation and commanding. Cloud services in the automotive industry help auto manufacturers to improve infotainment systems, telecommunication services, and provide value-added services.
● Rising Demand for Connected Services and Infotainment :
Increased interconnectivity in automobiles due to the integration of smart services and infotainment systems in vehicles is also one of the factors driving the automotive cloud market. There are several applications where real-time traffic information and navigation services, grooming, entertainment content, and driver experience are delivered through cloud-based platforms. The demand for increasing the level of integration or the desire for better technology for interior car entertainment is notable as a driver stimulating both the supply and demand sides for the automotive cloud solutions market.
● Advances in Autonomous and Electric Vehicles :
Seminar on Transportation and Logistics: On this basis, innovation in self-driving and electric cars is driving the automotive industry towards cloud technologies. Computing is the essence of autonomous driving, and distributed computing – in the form of cloud platforms – also aids in the translation and storage of advanced data required for ADS and the communication and transfer of data between other aspects of the auto and AD ecosystem. In addition, cloud services are used for billing structures, especially for electric vehicles which is thus driving the automotive cloud market.
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Automotive Cloud Market Report Segmentation:
By Propulsion Type:
Based on the propulsion type, the market has been divided into IC engine vehicles and electric vehicles.
By Deployment:
Based on the deployment, the market has been divided into public cloud and private cloud.
By Vehicle Type:
Based on the vehicle type, the market has been divided into passenger and commercial vehicles.
By Application:
Based on the application, the market has been divided into infotainment systems, telematics, fleet management, OTA (Over The Air) Systems, ADAS (Advanced Driver-Assistance Systems), and others.
Regional Insights:
Based on the region, the market has been divided into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Top Automotive Cloud Market Leaders:
The automotive cloud market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:
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