The global automotive cloud market size reached US$ 22.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 60.2 Billion by 2028, exhibiting a growth rate (CAGR) of 17.30% during 2023-2028.
An automotive cloud is a global cloud platform designed to serve the needs of automotive manufacturers and the mobility ecosystem. It is highly affordable as the automotive cloud saves the expense of hardware and information technology (IT) support as compared to traditional on-premises systems. It is easy to install and configure by offering access from any multimedia device and a comprehensive overview of all manufacturing operations. It is integrated with driver 360, which builds customer profiles and connects and tracks them through services, commerce, and marketing activities. It provides a secure, safe, and scalable foundation for connected and autonomous vehicles. It also assists in securing sensitive data by employing advanced data encryption protocols.
Automotive Cloud Market Trends:
At present, the growing demand for the automotive cloud to deliver various services, such as entertainment, telematics, and navigation, represents one of the key factors driving the market. In addition, the automotive cloud provides stable infrastructure and services for various connected devices, such as cars, cellphones, infrastructure, and other application programming interfaces (APIs), which is propelling the growth of the market. Besides this, there is a rise in the number of connected vehicles with advanced software and onboard sensors that can communicate with other vehicles and drivers while monitoring road infrastructure across the globe. This, along with the burgeoning automotive industry, is offering a lucrative growth opportunity to industry investors. Moreover, the growing utilization of the internet of things (IoT) technology and 5G networks in automobiles to improve driving experiences and make them smarter and safer is positively influencing the market around the world. Additionally, cloud service providers integrate blockchain technology into their platforms to provide highly decentralized ledger capabilities for increasing security, which is bolstering the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive cloud market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on propulsion type, deployment, vehicle type and application.
Breakup by Propulsion Type:
Breakup by Deployment:
- Public Cloud
- Private Cloud
Breakup by Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
Breakup by Application:
- Infotainment Systems
- Fleet Management
- OTA (Over The Air) Systems
- ADAS (Advanced Driver-Assistance Systems)
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Amazon Web Services Inc. (Amazon.com Inc.), BlackBerry Limited, CloudMade (Valeo), Continental Aktiengesellschaft, Harman International Industries (Samsung Electronics Co. Ltd.), Intellias, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Telefonaktiebolaget LM Ericsson, Telenav Inc., TomTom International BV. and Visteon Corporation. Kindly, note that this only represents a partial list of companies, and the complete list has been provided in the report.
|Base Year of the Analysis
| Historical Period
||Propulsion Type, Deployment, Vehicle Type, Application, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Amazon Web Services Inc. (Amazon.com Inc.), BlackBerry Limited, CloudMade (Valeo), Continental Aktiengesellschaft, Harman International Industries (Samsung Electronics Co. Ltd.), Intellias, Robert Bosch GmbH (Robert Bosch Stiftung GmbH), Telefonaktiebolaget LM Ericsson, Telenav Inc., TomTom International BV. and Visteon Corporation.
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Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the automotive cloud market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the global automotive cloud market.
- The study maps the leading as well as the fastest growing regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the automotive cloud industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.