Automotive Cloud Market Demand, Share, and Strategic Outlook

Automotive Cloud Market Projected to Expand at XX% CAGR Through 2026

According to the MarkNtel Advisors' research report, "Global Automotive Cloud Market Analysis, 2021," the market likely to grow at a CAGR of around 18% during 2021-26 due to fast-evolving consumer behavior and snowballing advances in connected, autonomous, shared, and electric (CASE) technology. The mushrooming need for 5G and IoT for vehicle connectivity, burgeoning cloud-based infotainment systems deployment in premium vehicles, and increasing integration of blockchain in the cloud are driving the automotive cloud market growth in the forecast period.

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Strategic Takeaways from the Report:

Market Sizing and Forecasting
Regulatory and Policy Influence
Competitive Trends and M&A Activity
Innovation Drivers and Disruptive Technologies
Investment Hotspots and Emerging Niches
Geographical Dynamics and Trade Flows

Automotive Cloud Market Segment Overview & Classification

This market is categorized to offer targeted insights across various operational and consumer-related verticals.

Segment List:

By Application

Infotainment
V2X
Telematics

Based on the Application, the Infotainment segment is likely to witness robust growth in the Global Automotive Cloud market in the forecast period. Infotainment means information and entertainment. The system enhances passenger experience by providing applications for navigation & music, informational purpose, and weather & road conditions for a safe & pleasant driving experience. The rising deployment of technologies like Bluetooth connectivity, USB, and growing advancement in multimedia-enabled infotainment systems, such as touchscreen, Heads-up display, smartphone pairing, etc., is fueling the segment growth.

By Vehicle

Passenger Vehicles
Commercial Vehicles

Based on Vehicle Type, Passenger Vehicle accounted for the largest market share in the Global Automotive Cloud market in 2019 owing to robust growing passenger vehicle sales. The burgeoning deployment of advanced technologies to improve customer experience and reduce road accidents and the surging collaboration between companies and automotive OEMs for developing automated driving functions for passenger cars are factors driving the demand for the automotive cloud in the passenger segment.

By Deployment

Public Cloud
Private Cloud

By Region

North America
South America
Europe
Middle East & Africa
Asia-Pacific.

North America dominated the Global Automotive Cloud market in 2019 owing to mushrooming demand for advanced telematics, in-car connectivity, and infotainment systems. The surging penetration of hybrid electric vehicles has propelled the adoption of automotive cloud-based services. Moreover, mounting demand for premium & luxury vehicles, mounting sales of commercial vehicles due to robust growth in the logistics & transportation sector, and increasing development of 5G technologies are the factors likely to drive the demand for the automotive cloud in the coming years.

These divisions help clarify demand patterns and expected shifts.

Market Driver

Emerging Digitalization in Connected Vehicle - The growing smartphone user, increasing advancement in in-car connectivity, ADAS services like human-machine-interfaces (HMI), and escalating demand for IoT & 5G for vehicle connectivity are factors driving the growth of the automotive cloud market.

Mushrooming deployment of cloud services for cost control, communication, and networking technologies in the automobile industry drives the market growth. The burgeoning government investment in smart roads to communicate via V2X platform (vehicles to everything) and increasing adoption of AR/VR in connected cars are likely to fuel the market growth.

Automotive Cloud Market Competitive Snapshot from 2021-2026

The report highlights established and emerging players in the global Automotive Cloud Market, evaluating their strengths, challenges, and potential for innovation.

Key Competitors Include:

Harman International
Robert Bosch GmbH
Verizon Communications, Inc.
Continental AG
Denso Corporation
Sierra Wireless
Tomtom International
Ericsson AB
Airbiquity
Blackberry Limited
Visteon Corporation
Telenav
Microsoft
Amazon Web Services, Inc.
LG Electronics.

Their activities include partnerships, product launches, and geographic expansions.

Frequently Asked Questions (FAQs):

What industries are most impacted by this market?
How is technology reshaping operations and offerings?
Which competitors dominate the landscape?
What risks could disrupt market expansion?
How should businesses respond to demand fluctuations?

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