Share
Automotive Data Cloud Technology Market: By Vehicle Type (Passenger Cars, Commercial Vehicles), By Deployment (Private Cloud, Public Cloud), By Application (Fleet Management, Infotainment, Over the Air [OTA], Telematics, ADAS, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
[170+ Pages Research Report] Automotive Data Cloud Technology Market to surpass USD 96.4 billion by 2031 from USD 17.2 billion in 2021 at a CAGR of 18.8% throughout the forecast period 2021-31.
Automotive cloud solutions allow the continuous network service and data flow of self-driving automobiles. As a result, cloud platforms can enhance the security, effectiveness, and safety of autonomous vehicles. When using cloud computing, the cloud service provider is in charge of protecting the systems and protecting your data. The cloud carries less risk of outages, data loss, and malfunctions than isolated on-premises data centers. If an unexpected malfunction or failure occurs, professional cloud providers have many data backups, ensuring that your private information is not destroyed.
Get More Information - Download Free Sample
Global Automotive Data Cloud Technology Market to surpass USD 96.4 billion by 2031 from USD 17.2 billion in 2021 at a CAGR of 18.8% in the coming years, i.e., 2021-2031. Some of the main market drivers include things like the great potential of cloud computing in the next years, which will lead to safer cars and technical breakthroughs. To provide customers with top-notch amenities, the automakers have embraced innovation and the newest technology. The use of green technology is a crucial component of cloud computing in the automotive sector. All of these elements are anticipated to help the market in the next years.
Get More Information - Download Free Sample
Based on Vehicle Type, the global Automotive Data Cloud Technology Market is fragmented into Passenger Cars and Commercial Vehicles. During the anticipated period, the Passenger Cars segment is anticipated to dominate the Automotive Data Cloud Technology Market. Cloud technology in vehicles can both save and improve your life. Thanks to cloud technology, the next generation of automobiles will be safer and more pleasurable. Although cloud technology for automobiles is not new, it is advancing quickly thanks to collaboration and partnerships between the software sector and the automotive industry.
Global Automotive Data Cloud Technology Market is classified on the basis of application into Fleet Management, Infotainment, Over the Air (OTA), Telematics, ADAS, and Others. By the end of 2022, the fleet management segment is predicted to hold the greatest share. Fleet management applications have grown significantly over the past few years as a result of expanding industries including logistics and supply chain and automobile rentals, which will boost the segment's growth over the course of the projected period.
Get More Information - Download Free Sample
New Product Launches and Introduction of Cloud-Native Retail Operating Platforms
Over the course of the forecast period, the introduction of new products is anticipated to fuel market expansion for automotive clouds globally. Additionally, the upcoming release of cloud-native retail operating platforms is anticipated to fuel the growth of the global automotive cloud market. Players in the global automotive cloud market may anticipate to benefit from lucrative growth prospects due to the rising popularity of car infotainment systems and the introduction of telematics platforms.
Higher Demand for 5G Communication and IoT Technology
A few additional factors driving the Automotive Data Cloud Technology Market are rising use of connected vehicles, rising demand for IoT (Internet of Things) and 5G communication for vehicle connectivity. Additionally, shifting customer preferences for cutting-edge automotive applications are helping the industry expand.
Threat of Cyber Attack
The market for Automotive Data Cloud Technology is experiencing significant growth restraints due to the increased threat of cyber-attacks.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Automotive Data Cloud Technology Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. The government has taken efforts like mandating fleet cars have telematics systems and pre-installed satellite location in order to improve fuel economy and vehicle wear, and as a result, the market in the Asia-Pacific is anticipated to develop at the greatest CAGR over the projection period. Additionally, telematics insurance is being developed with underdeveloped nations in mind. The car industry in Japan has already taken the initiative to collaborate with an insurance provider.
Get More Information - Download Free Sample
Sales of new cars were severely impacted by COVID19, particularly in the month of February 2020. The epidemic is having a significant impact on all aspects of the economy, particularly the automobile industry, which has seen several major manufacturers either completely shut down as instructed by local governments or operate with the bare minimum of staff at their manufacturing facilities to protect their workforce. The vehicle industry had already experienced considerable delays before the pandemic because of structural changes brought on by the goods and services tax, axle-load rules, the transition to shared mobility, a financial crisis, and other factors. Due to the COVID 19 lockdown, industries had suffered significant effects and had essentially been completely inactive since 24 March.
|
REPORT ATTRIBUTE |
DETAILS |
|
Market size value in 2021 |
USD 17.2 billion |
|
Revenue forecast in 2031 |
USD 96.4 billion |
|
Growth Rate |
CAGR of 18.8% from 2021 to 2031 |
|
Base year for estimation |
2020 |
|
Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
|
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
|
Segments covered |
Vehicle Type, Deployment, Application, and Region |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
|
Key companies profiled |
Apple Inc., BlackBerry Limited, Verizon Wireless, Continental AG, Ericsson AB, Robert Bosch GmbH, Airbiquity Inc., DENSO Corporation, and Other Prominent Players. |
Automotive Data Cloud Technology Market size was estimated at USD 17.2 billion in 2021 and is expected to reach USD 96.4 billion in 2031.
Automotive cloud solutions allow the continuous network service and data flow of self-driving automobiles. As a result, cloud platforms can enhance the security, effectiveness, and safety of autonomous vehicles.
The Passenger Cars segment accounted for the largest Automotive Data Cloud Technology Market share.
Key players in the Automotive Data Cloud Technology Market include Apple Inc., BlackBerry Limited, Verizon Wireless, Continental AG, Ericsson AB, Robert Bosch GmbH, Airbiquity Inc., DENSO Corporation, and Other Prominent Players.
Over the course of the forecast period, the introduction of new products is anticipated to fuel market expansion for automotive clouds globally.
Select License Type
Select License Type
FATPOS CLIENT Appriciation DURING THE PROJECT
Working with Fatpos Global, allowed us to take advantage of their knowledge and easy approach, allowing us to collect important data utilizing a variety of techniques. The results were clearly presented and explained, and FG responded to our questions with speed and expertise.
|
Swiss-based global building materials manufacturer |
The analyses and presentations Fatpos Global have produced for us have been of a very high caliber and have allowed us to proactively improve our customer relationship management. They have also done so while maintaining complete anonymity. Without any doubt, we suggest Fatpos Global to you.
|
|
Tech-powered construction company |
We appreciate the team’s punctuality, flexibility in terms of report modification, post report purchase support and pleasant reaction all around. Overall, my experience with this company was nothing but positive, and I couldn't be more grateful for their excellent service. Thank you for all that you do!
|
|
American global management consulting firm |
We are able to concentrate on the topics and implications that are most important to our clients thanks to the adaptability and responsiveness of the team at Fatpos Global. We would highly recommend this company to anyone in need of their services, and I will certainly be using them again in the future.
|
|
Headquartered in Zug, Switzerland, leading supplier of medical and surgical instrument |
To better study our client demographics, develop the ideal product-price architecture, and enhance our target marketing initiatives, we hired Fatpos Global. Every component of the project was completed, and we are very happy with the useful insights and actionable results.
|
|
Kosovan company, A leading organic fertilizers producer |
Thank you for your team's generous assistance, The final report was delivered to me, and I find it to be really helpful. Also, you may be sure that I will get in touch with you if I ever require fresh materials for market research. Gratitude once more.
|
|
German specialty chemicals company based in Cologne, Germany |
