“Demand for integration of smartphones with vehicles is driving the market for cloud based solutions market for automotive”
The global cloud based solutions market for automotive is estimated to be USD 27.03 billion in 2017 and is projected to reach USD 66.95 billion by 2022, at a CAGR of 19.88%. The growing demand for upgraded infotainment systems, in-car connectivity etc. is expected to increase the use of cloud based services in automobiles to a considerable extent in the near future. The cloud based solutions market for automotive has shown steady growth in developing countries such as India, China, and the Middle East. However, the limited network connectivity and weak cloud infrastructure can restrain the growth of the market in developing countries such as India, Russia, and Brazil.
“Shared mobility and in-car data services are estimated to experience the highest growth rate during the forecast period”
Other services such as shared mobility and in-car data services are estimated to experience the highest growth rate in the cloud based services for automotive market. With the increasing penetration of smartphone, several mobile phone apps have been launched. These apps enable the sharing of a vehicle with other travelers. Shared mobility has multiple benefits in the current traffic scenario. It helps to reduce traffic congestion and pollution and makes a ride economical by dividing fuel charges among the riders. Further, people now prefer to stay connected through the internet even while traveling to get news updates, official emails, etc. The demand for in-car data services has thus increased.
Request a Free Sample copy of This Premium Research Report: https://watchersofmarkets.com/collections/marketsandmarkets/products/cloud-based-solutions-market-for-automotive-by-application-fleet-management-infotainment-ota-updates-telematics-adas-deployment-private-public-service-model-professional-managed-vehicle-ev-and-region-global-forecast-to-2022#tab-questions
“Professional service’ market is estimated to have the largest market share during the forecast period”
By service model segmentation, the professional services segment is estimated to have the largest share of the cloud based services for automotive market during the forecast period. With the establishment of a better cloud infrastructure and rapid integration of cloud based services in cars and vehicles, the demand for professional services will grow significantly. There would be increased need for data security and managing data with necessary back-end support.
“Asia Pacific is estimated to be the fastest growing automotive cloud based services market”
Asia Pacific is estimated to be the fastest growing market for automotive cloud based services during the forecast period, followed by North America and Europe. The market growth in Asia Pacific can be attributed to the high adoption of automotive cloud based services in countries such as China, which produces the maximum number of vehicles in the region.
India is also expected to contribute to the growth of the Asia Pacific cloud based services market. The development of cloud infrastructure and subsequent adoption of cloud based services by automotive OEMs have fuelled the Indian cloud based services market.
Get more insights with Detailed TOC: https://watchersofmarkets.com/collections/marketsandmarkets/products/cloud-based-solutions-market-for-automotive-by-application-fleet-management-infotainment-ota-updates-telematics-adas-deployment-private-public-service-model-professional-managed-vehicle-ev-and-region-global-forecast-to-2022#tab-toc
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
• By Company Type – Tier 1 – 55%, Tier 2 – 20%, Others – 25%
• By Designation – C level – 35%, D level – 25%, Others – 40%
• By Region – North America – 45%, Europe – 30%, Asia Pacific – 20%, Rest of the World – 5%
Major players profiled in the report are:
• Airbiquity (US)
• BlackBerry (Canada)
• Verizon Wireless (US)
• Continental AG (Germany)
• Ericsson (Sweden)
• Bosch (Germany)
• Delphi Automotive (UK)
• Harman international (US)
• Denso Corporation (Japan)
• Trimble (US)
• Sierra Wireless (Canada)
• TomTom (Netherlands)
Research Coverage:
The report segments the cloud based solutions market for automotive and forecasts its size, by value, on the basis of region (Asia Pacific, Europe, North America, and RoW), application (Fleet Management, Infotainment, Over the Air (OTA) Updates, Telematics, ADAS, and other services (Shared Mobility, In-Car Data Services etc.)), electric vehicle type (BEV, HEV, and PHEV), vehicle type (passenger cars and commercial vehicles), service model (Professional and Managed), and deployment type (Private and Public).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the global cloud based services for automotive market. Apart from analyzing the quantitative aspects, the report also covers qualitative aspects such as macro-economic factors for the global cloud based services for automotive market.
Reasons to Buy the Report:
The report provides insights into the following points:
• Market Penetration: The report provides comprehensive information about the cloud based services for automotive market and the top 12 players in the market.
• Product Development/Innovation: The report gives detailed insights into upcoming technologies, R&D activities, and new product launches in the cloud based services for automotive market.
• Market Development: The report provides comprehensive information about cloud based services. The report analyzes the cloud based services for automotive market across regions.
• Market Diversification: The report provides exhaustive information about new products, untapped regional markets, recent developments, and investments in the cloud based services for automotive market.
Related Report: Global Cloud-based Database Market Analysis 2012-2017 and Forecast 2018-2023
A cloud-based database is a database, as the name suggests, resides on a cloud computing platform. Databases are used to store and manage various forms of data generated by a company. Database services can be provided on-premises or on-demand. On-demand services are known as cloud-based databases, which is gaining increasing acceptance among several organizations. A cloud-based database is suitable for organizations that require immediate access to database services, easy scalability options, low cost, and low maintenance. Service providers offer end-to-end solutions, which help organizations focus on their core business areas.
The global Cloud-based Database market will reach xxx Million USD in 2017 and CAGR xx% 2011-2017. The report begins from overview of Industry Chain structure, and describes industry environment, then analyses market size and forecast of Cloud-based Database by product, region and application, in addition, this report introduces market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Get more information on this report at: https://watchersofmarkets.com/products/global-cloud-based-database-market-analysis-2012-2017-and-forecast-2018-2023
About Us:
We are one of the world's largest market research store bridging you with market research insights, analysis and data from many market research publishers around the globe. Our experienced market research consultants, from our headquarters (Den Haag, Netherlands) understand client’s research requirements in precise manner and get many proposals on the table suiting your budget and mapping your research goals. Our only motives is to provide clients with precise insights into their respective niche markets; offering them the most comprehensive portfolio of business information products.
Contact:
Watchers of Markets
Henriëtte van der Meydreef 144,2492 JG, Den Haag, Netherlands.
Website: https://watchersofmarkets.com/
Phone number: +31- 85 888 111 6
Email Id: sales@watchersofmarkets.com