Menu ×

AUTOMOTIVE & TRANSPORTATION

Automotive Data Cloud Technology Market Segmentation by Application Type (Fleet Management Application, Infotainment System, Telematics, Over the Air (OTA) Updates, ADAS and Others); by Electric Vehicle Type (Battery Electric Vehicles, Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles); by Vehicle Type (Passenger Car and Commercial Vehicle); by Service Model (Professional Services); by Deployment (Private Cloud and Public Cloud) – Global Demand Analysis & Opportunity Outlook 2021-2029

  • Text Size:

Extensive insights into the Growth of Automotive Data Cloud Technology Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Automotive Data Cloud Technology Market Highlights 2020-2029

The automotive data cloud technology market is estimated to grow with a moderate CAGR during the forecast period, i.e., 2021-2029. Cloud computing has enormous scope in the forthcoming years leading to safer vehicles. The automobile manufacturers have opted latest technology and took innovation to offer best-in-class facilities to customers. Another important aspect of cloud computing in the automotive industry is the adoption of green technology.

The automotive industry is constantly encountering environmental issues, and today's consumers are aware and finding alternative forms of transportation. With the cloud's help, vehicles can embrace green technology for efficient driving and reduce CO2 emissions. Cloud computing develops the required systems and processes to build and design electric vehicles. It results in lower costs in inventory planning, replenishment, forecasting, and transport scheduling and optimization.

Automotive-Data-Cloud-Technology-Market

The market is segmented on application into fleet management, infotainment systems, telematics, over the air updates, ADAS, and others, out of which the fleet management segment is anticipated to grab the largest share by the end of 2021. Due to the growing businesses such as car-rental services and logistics & supply chain, fleet management applications have increased considerably, leading to the growth of the segment during the forecast period. CLICK TO DOWNLOAD SAMPLE

On the basis of the service model, the managed services in the global automotive data cloud technology market are projected to grow with a significant CAGR over the forecast period. The growth of the segment is due to higher cloud infrastructure and integration of cloud-based services in cars and vehicles.

Automotive Data Cloud Technology Market Regional Synopsis

Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. The market in the Asia-Pacific is predicted to grow at the highest CAGR over the forecast period as the government has taken initiatives like they have mandated for fleet vehicles to have telematics systems and pre-installed satellite positioning so as to enhance fuel economy and vehicle wear. The automotive cloud-based solutions in Europe are growing at a gentle pace due to the vehicles in the region are equipped with high-end entertainment and safety features.

Another driving factor is increasing popularity of connected cars among consumer due to the offerings like remote anti-theft alarms. In addition to this, telematics insurance is fashioning around the developing countries. Japan’s automotive industry already took an initiative to tie up with insurance company.

For instance, in 2017, Asia's most populous Japanese company named mS&AD [mitsui Sumitomo and Aioi Nissay Dowa] announced it would obtain a controlling stake in a UK telematics insurance company InsuretheBox and its parent company, Gibraltar-based Box Innovation Group, from Lloyd's insurer Catlin. This deal sparked the expansion of telematics in Japan.

Automotive-Data-Cloud-Market-Share

The global automotive data cloud technology market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global automotive data cloud technology market includes the following segments:

By Application

  • Fleet Management
  • Infotainment
  • Over the Air (OTA)
  • Telematics
  • ADAS
  • Others

By Electric Vehicle Type

  • Battery Electric Vehicle (BEVs)
  • Hybrid Electric Vehicle (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Service Model

  • Professional Services
  • Managed Services

By Deployment

  • Private Cloud
  • Public Cloud

Growth Drivers

  • Rising Demand for Advanced Infotainment Systems
  • Automobile Manufacturers Preference to Integrate New Technologies in their Products

Challenges

  • Poor Network Connectivity
  • Underdeveloped Cloud Infrastructure

Top Featured Companies Dominating the Market

  • Apple Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • BlackBerry Limited
  • Verizon Wireless
  • Continental AG
  • Ericsson AB
  • Robert Bosch GmbH
  • Airbiquity Inc.
  • DENSO Corporation
  • Trimble Inc.

FREQUENTLY ASKED QUESTIONS


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved