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Written by Jack » Updated on: May 08th, 2024
The TechSci Research report on the Global Automotive Cloud-Based Solutions Market, valued at USD 52.34 Billion in 2022, is projected to witness a robust growth trajectory with a CAGR of 16.45% from 2023 to 2028. North America stands as the largest market, while the public cloud segment emerges as the fastest growing. Cloud-based solutions have emerged as critical enablers for revolutionizing vehicular experiences, operational efficiency, and industry landscapes, offering a wide array of services and applications leveraging cloud computing technology.
Key drivers propelling the growth of the market include the escalating demand for connected vehicles, electric and autonomous vehicles, and the integration of Internet of Things (IoT) devices within vehicles. Cloud-based solutions facilitate seamless connectivity, real-time navigation, entertainment, remote diagnostics, and predictive maintenance, enhancing the driving experience and safety standards. Furthermore, they enable vehicle-to-cloud communication, data sharing, and real-time decision-making, thereby enhancing the capabilities of autonomous vehicles.
The report segments the market based on vehicle type, electric vehicle type, deployment type, service model, application, and region. Private Cloud deployment leads the market, offering tailored solutions that enhance data security and control for automotive manufacturers and service providers. Moreover, Fleet Management applications have emerged as a dominant force, optimizing vehicle operations, logistics, and efficiency for businesses and service providers.
Key market players in the Global Automotive Cloud Based Solutions Market are:
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North America has established dominance in the global automotive cloud-based solutions market, attributed to its concentration of automotive original equipment manufacturers (OEMs) and Tier 1 suppliers, robust cloud computing infrastructure, and surging demand for connected and autonomous vehicles. The region's continuous enhancement of features and functionalities within automotive cloud-based solutions and investments towards advancement and adoption further bolster its position in the market.
Mr. Karan Chechi, Research Director at TechSci Research, emphasizes North America's dominance driven by its innovation, well-established cloud infrastructure, and commitment to optimizing the driving experience through cutting-edge technologies. The report provides comprehensive market intelligence to assist decision-makers in making sound investment decisions, and identifying emerging trends, drivers, challenges, and opportunities in the global automotive cloud-based solutions market.
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2.1. Baseline Methodology
2.2. Key Industry Partners
2.3. Major Association and Secondary Sources
2.4. Forecasting Methodology
2.5. Data Triangulation & Validation
2.6. Assumptions and Limitations
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Passenger Cars and Commercial Vehicles)
7.2.2. By Electric Vehicle Type (BEV, HEV and PHEV)
7.2.3. By Deployment Type (Private Cloud and Public Cloud)
7.2.4. By Service Model (Professional Services and Managed Services)
7.2.5. By Application (Fleet Management Infotainment, ADAS, Telematics, and Others)
7.2.6. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
7.3. By Company (2022)
7.4. Market Map
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