Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Automotive Cloud Market size was valued at USD 33.52 billion in 2024 and is expected to reach USD 215.76 billion by 2037, expanding at around 15.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automotive cloud is assessed at USD 37.91 billion.
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 Cloud Sector: Growth Drivers and Challenges
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
Automotive Cloud Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
15.4% |
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Base Year Market Size (2024) |
USD 33.52 billion |
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Forecast Year Market Size (2037) |
USD 215.76 billion |
|
Regional Scope |
|
Automotive Cloud Segmentation
The automotive cloud 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 2022. 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.
On the basis of the service model, the managed services segment in the global automotive cloud 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.
Our in-depth analysis of the global automotive cloud market includes the following segments
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By Application |
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By Electric Vehicle Type |
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By Vehicle Type |
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By Service Model
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By Deployment
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Automotive Cloud Industry - Regional Synopsis
APAC Market Statistics
Asia Pacific industry is predicted to hold largest revenue share by 2037, as government have mandated fleet vehicles to have telematics systems and pre-installed satellite positioning so as to enhance fuel economy and vehicle wear., as government have mandated fleet vehicles to have telematics systems and pre-installed satellite positioning so as to enhance fuel economy and vehicle wear. 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.
Europe Market Analysis
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.
Companies Dominating the Automotive Cloud Landscape
- 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
- Report ID: 2963
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT
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Automotive Cloud Market Report Scope
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