The ‘Cloud-Based Solutions market’ research report fabricated by Brand Essence Market Research is an in-depth analysis of the latest trends persuading the business outlook. The report also offers a concise summary of statistics, market valuation, and profit forecast, along with elucidating paradigms of the evolving competitive environment and business strategies enforced by the behemoths of this industry.
This Cloud-Based Solutions Market report additionally covers the effect of COVID-19 on the worldwide market. The pandemic brought about by Coronavirus (COVID-19) has influenced each part of life all inclusive, including the business segment. This has brought along a several changes in economic situations.
Cloud-Based Solutions Market for Automotive is valued at USD 32.03 Billion in 2018 and expected to reach USD 110.75 Billion by 2025 with the CAGR of 19.39% over the forecast period. Advancement in driving assistance system is responsible for the growth of Cloud Based Solutions for Automotive Market.
Cloud Based Solutions for Automotive Market report published by the Brandessence Market Research and Consulting Pvt. Ltd. provides the detail information about Cloud Based Solutions for Automotive Market from various aspects. This report consists of drivers, challenges and opportunities which help the market to grow over the analysis period and recent trends which supports the growth of market. This report consists of regional segmentation with product type and applications.
Cloud Computing is an advanced technology in which a network of remote servers are used via internet to store, manage and process data, instead of using the local devices or hard disk. The main objective of cloud based solution for automotive is boosting collaboration, promoting sustainability and improving the vehicle safety. Cloud computing technologies have potential where automotive manufacturers to develop intelligent vehicles that are capable of engaging with their environment. The applications driven by cloud based solutions for automotive industry includes advanced vehicle connectivity, mobile computing, infotainment applications, machine learning, telemetry, voice and video data communication. These wide scale cutting edge applications are offering positive growth of cloud based solutions market for automotive market.
In recent years, Cloud-based computing combined with car telematics enabling new mobility models. To control and navigate these autonomous vehicles safely and effectively, intelligent transportation systems will coordinate the traffic, and digital maps in the car is constantly updated over the cloud is expected the growth of this market. The rising adoption towards telematics, advanced driver assistance system, mobility services and infotainment are key factors to grow the market. Vehicle telematics include wide range of computing and communication services incorporated into the car. Cloud based solutions help in achieving OEM’s to maintain their relevance to customers. However, cyber security is major concern for cloud based solution which is one of the restraining factors of this market. Technological advancement in connected vehicles is predicted to offer the promising opportunities in near future.
Key players of the cloud-based solutions market for automotive market are Robert Bosch GmbH, Blackberry Harman International, Verizon Wireless, Continental AG, Denso Corporation, Trimble Inc, Sierra Wireless, Delphi Automotive PLC, Tomtom International, Ericsson AB, Airbiquity Inc. and others.
Cloud-Based Solutions Market for Automotive Segmentation –
By Deployment Type
By Application Type
Over the Air (OTA) Updates
By Vehicle Type
Middle East and Africa
Rest of Middle East and Africa
Cloud-Based Solutions Market for Automotive key players
Robert Bosch GmbH
Delphi Automotive PLC
Tomtom International Bv
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Components such as market drivers, restraints, challenges, and opportunities for Cloud-Based Solutions market are explained in detail.
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Market Report Includes:
Growth, Restraints, Trends, and Opportunities
Segments by Value and Volume
Supply and Demand Status
Value Chain and Investment Analysis
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