Global Automotive Cloud Market Overview:
The automotive Cloud platform offers the complete infrastructure required for connecting, monitoring, and transferring data between vehicles, service networks, and others. Automotive The major companies operating in this industry has increased their funding to gain IT agility, control cost, communication, and networking technologies. And also implementing cloud-based DevOps in the automotive ecosystem to generate high-quality software for continuous delivery to their consumers. According to a survey report by the year 2020, there will be over 250 million connected vehicles on the road. As today's global automotive industry is near about USD ~3 trillion, the whole industry is going under the major transformation including car-sharing, connected vehicles, and other services. The cloud automotive industry will be expected to reach USD ~9-9.6 billion by FY 2025. The market leaders including Uber and Lyft revealed that the ride-hailing services market will be expected to reach USD ~133 billion by FY 2023. Seattle is gaining major attraction by the increasing number of mobility companies such as Mercedes, GM Cruise, Uber, and many others. Some of the key players profiled in the study are Apple (United States), BlackBerry (Canada), Verizon Wireless (United States), Continental AG (Germany), Ericsson (Sweden), Bosch (Germany), Pioneer (Japan), Denso Corporation (Japan), Harman a Samsung Company (United States), SHIFTMobility Inc. (United States), Delphi Automotive (United Kingdom), Microsoft (United States), SAP (United States), Amazon Web Services and Intellias (Ukraine.
On the basis of geography, the market of Automotive Cloud has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Artificial Intelligence will boost the Automotive Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Data Exchange will boost the Automotive Cloud market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Technology Advancement Potential Offered by Cloud Computing, Big Data, Machine Learning, and Mobility Systems, Automotive Cloud Technology
- Increasing Demand for Ride-Sharing Services
- Growing Demand from the Automotive Suppliers for the Cloud Computing to Improve Cost of the Operations
- This Market Is Highly Growing in the Adoption of Majorly in Asia Pacific Regions Especially, in China, And India. Because of Rising Presence of Technology-Based Start-Ups Functionalities of a Dealer Management System.
- IoT Sparking the Growth of Connected Cars
- Lack of Infrastructure and Rising Threats from Hackers can Hamper Market Growth
- Strong Opportunity in The Connected Car Ecosystem
- Increasing Number of Value-Added Services by Leading Market Players
- High Availability Of 5G With Reliable and Secure Capabilities Which Will Support the Automotive Requirements
Major Market Developments:
In Jan 2020, Volkswagen Group announced the acquisition of the Diconium, a digital service company to enhances its global online sales platform. Through this agreement Volkswagen allows their consumers to purchase and manage their digital services for their connected vehicles in the coming years.
In Oct 2018, Volkswagen announced its partnership with Microsoft to create a new automotive cloud. Through this strategic partnership will turbocharge its digital transformation, with all this company making strategies for shaping the future of auto-mobility. Under this partnership, the Volkswagen automotive cloud is available for Europe, China, and the United States regions for the complete electric and connected offering.
The global automotive cloud market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. The market players are focusing on generating competitive advantage by scaling up fast supported by cloud services-based connectivity solutions. With autonomous vehicles making inroads to the market there is a higher need for the vehicles to be able to communicate with their surrounding environment.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations and Automotive Industry
Major Objectives Focused through this Study
To define, describe, and forecast the Global Automotive Cloud market on the basis of product [Private Cloud and Public Cloud] , application [Automotive OEMs, Cloud Infrastructure Developers, Cloud Service Providers, Cybersecurity Service Providers For Automotive, Infotainment OEMs and ADAS & Telematics Suppliers], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Automotive Cloud market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Automotive Cloud industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Automotives Cloud (Ireland), Airbiquity (United States) and Visteon (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Automotive Cloud market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.