Automotive Cloud Market CAGR and other industry info by BIS Research
Automotive Cloud Market CAGR and other industry info by BIS Research
Automotive Cloud Market to grow at a significant CAGR of 18.57% during 2020-2025.

The automotive industry has always been evolving at a rapid pace and scale since its inception. The integration of advanced technologies in the vehicles to ensure cost-effectiveness increased safety and users’ convenience has largely driven innovations and consumer preferences. Connected and autonomous vehicles are the most discernibly notable changes in the last decade. The ability of vehicles to communicate and interact with one another and its environment is being realized and transformed into a connected world. Most vehicles can be connected similarly, provided they have either built-in connectivity technology or are equipped with it, enabling the vehicle to send or receive data to or from networks, other vehicles, and the surrounding environment.

Read Report Overview: Automotive Cloud Market

The introduction of the Internet of Things (IoT) technology in the automotive industry has had a considerable impact on the world economy and global value chain function. IoT’s transformative power is being realized in the enormous amount of data generated by these devices, and this data can be harvested to drive efficiencies and enhance value. IoT is a crucial development driving the rapid proliferation of the connected car. As computer systems are evolving, the automotive and manufacturing sectors will be further transformed by the disruptive impact of IoT.

Infotainment Segment Held the Lion Share of Automotive Cloud Market in 2019

Infotainment systems are the most demanded feature expected from a modern vehicle, owing to the shift of consumer demands from a performance-oriented vehicle to a luxury-oriented vehicle. The Infotainment provides the driver as well as the passengers with data and leisure via touch screen displays, audio-visual interfaces, and voice assistance, among others.

Private Cloud Segment Held the Lion Share of Automotive Cloud Market in 2019

Private cloud provides organizations with self-service, scalability, additional customization, elasticity, and control. Additionally, private clouds provide higher privacy and security levels by restricting any data breaches by third-party providers via the company’s firewalls and internal hosting firewalls.

Passenger Vehicles Segment Dominated the Automotive Cloud Market in 2019

Passenger vehicles boost the deployment of cloud-based services in the automotive industry owing to the increasing consumer demands for applications and services such as high-end infotainment systems, voice assistance, roadside assistance, vehicle health, remote and vehicle tracking and positioning.

Key Questions Answered by This Report:

  • What are the underlying structures resulting in the emerging trends within the automotive cloud market?
  • How are cloud service manufacturers, automotive original equipment manufacturers (OEMs), regulatory bodies, and tier-1 manufacturers, among others, entering the market?
  • What is the role of governments regarding the changing landscape of the automotive cloud industry?
  • Which application of the automotive cloud market is expected to lead the market by 2025?
  • What was the market value of the leading regional markets, their segments, and sub-segments in 2019, and how is the market estimated to grow during the forecast period 2020–2025?
  • How is the industry expected to evolve during the forecast period 2020–2025?
  • What are the key developmental strategies that are implemented by the key players to sustain the competitive market?

The report is a compilation of various segmentations, including market breakdown by application, product, and region. The report highlights the key driving and restraining forces for the market as well as the opportunities in different applications across the leading countries. In the extensive primary research process undertaken for this study, the sources include industry experts and key executives from prominent companies and organizations across the lidar value chain.

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The report also provides a country-based analysis for all the leading countries in every region, including North America, South America, the U.K., China, Asia-Pacific and Japan (APJ), Europe, and Middle East and Africa (MEA). Each regional analysis details an individual push-and-pull force, in addition to the key players and applications in that region.