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Pulished Date April, 2021
ID: 9714
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Automotive Cloud Based Solutions Market, By Vehicle Type (Passenger Cars and Commercial Vehicles), By Electric Vehicle Type (BEV, HEV and PHEV), By Deployment Type (Private Cloud and Public Cloud), By Service Model (Professional Services and Managed Services), By Application (Fleet Management, Infotainment, ADAS, Telematics, and Others) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2021-2026.

Pulished: April, 2021
ID: 9714
Pages: 175

Market Overview:

The Automotive Cloud Based Solutions Market was estimated at USD 22.55 Billion in 2021 and is likely to expand at a CAGR of about 20% during the foreseen period. Automotive Cloud Based Solutions may be a product that applies cloud computing, cloud storage, Internet of things and mobile Internet technology in vehicles. The growing demand for advanced infotainment systems and in-car connectivity is predicted to extend the utilization of cloud-based services in automobiles during the forecast period.

The technological developments are expanding to almost all industrial verticals, in particular, for the automotive industry. The cloud-based solutions are supposed to play a prominent role in this sector in the outlook period due to the multiple advantages they offer to the drivers and passengers.

Recent Developments:

Software and services firm Amdocs said it intends to coach 5,000 Indian employees to deliver cloud-based solutions over subsequent few years. India is the most extensive development hub for the American firm, which has over 10,000 employees here.

Galvanizing the latest age of IT with a mix of AI and hybrid cloud,

Coming up with synergy between hybrid cloud and AI, we'll witness tremendous innovation and business value within the enterprise IT world.

Google acquired Cornerstone Technology, whose technology to make possible moving mainframe applications to the cloud.

Drivers and Restraints of Automotive Cloud Based Solutions:

Drivers:

The rise in demand for advanced infotainment systems, need for advanced driver assistance systems (ADAS), telematics, in-car networking etc., are predicted to reinforce the utilization of cloud-based services in the automobiles sector substantially within the near future. The cloud-based solutions marketplace for automotive have exhibited a stable growth in emerging economies like China, India, and therefore the Middle East. The increasing focus of automobile makers to integrate the latest technologies in their products has been fuelling the demand for cloud-based solutions across the globe. 

The increase in population has resulted in an increased demand for more passenger vehicles, along with the need for advanced features. The rise in consumer disposable income is also acting as a supporting aspect for the expansion of the global automotive cloud-based solutions business.

Restraints:

Although there is an increasing demand for cloud-based services, the market is also assumed to experience certain obstacles. Nevertheless, poor network connectivity and underdeveloped cloud infrastructure can hinder the market growth.

Market Segmentation:

Global Automotive Cloud Based Solutions Market, By Application

· Fleet Management Application

· Infotainment System

· Telematics

· Over the Air (OTA) Updates

· ADAS

· Other Services (Shared Mobility, In-Car Data Service, Etc.)

By application, the fleet management system is presumed to carry the most significant share of the market. With the modernization of the fleet business and an increase in industries like car-rental services and logistics & supply chain, the utilization of fleet management application has increased considerably. Asia Pacific nations like India and China have witnessed tremendous growth in e-commerce, which is again, a business that depends on fleet management.

Global Automotive Cloud Based Solutions Market, By Service Model

· Professional Services

· Managed Services

By service model segmentation, the cloud-based services marketplace for managed services is estimated to experience the best growth during the outlook period. With the establishment of higher cloud infrastructure and integration of cloud based services in cars and vehicles, the demand for managed services is predicted to grow significantly. Professional services wouldn't be sufficient for handling the extensive data generated. Managed services will, therefore, be an appropriate option for various service providers.

Global Automotive Cloud Based Solutions Market, By Deployment Type

· Private Cloud

· Public Cloud

Global Automotive Cloud Based Solutions Market, By Vehicle Type

· Passenger Car

· Commercial Vehicle

Passenger cars are the dominating sector in the global market and are likely to expand with a notable growth rate in the next few years. The commercial vehicles are also foreseen to contribute significantly in the predicted period.

Global Automotive Cloud Based Solutions Market, By Electric Vehicle Type

· Battery Electric Vehicle (BEV)

· Hybrid Electric Vehicle (HEV)

· Plug-In Hybrid Electric Vehicle (PHEV) 

By electric vehicle type, HEV is suspected of holding the largest share of the automotive cloud-based solutions market over the prediction period. The growth in this market segment is mainly credited to the rise in penetration of hybrid electric vehicles and the subsequent surge in cloud-based services in them for improved connectivity and semi-autonomous purposes.

Automotive Cloud Based Solutions Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North American market is projected to witness a balanced growth during the foreseen period. The prevailing vehicles in North America are already equipped with advanced safety features and infotainment system, which drive the expansion of the market. The European automotive cloud-based solutions marketplace is growing at a gentle pace as most of the vehicles are equipped with high-end entertainment and safety features. There is an increasing popularity of automotive cloud based services among manufacturers in this area. Asia Pacific is estimated to be the fastest-growing marketplace for automotive cloud-based services during the forecast period. In Japan, Fleet Management will reach a market size of US$3.5 Billion by the end of the analysis period. As the world’s second largest economy and therefore the new game changer in global markets, China exhibits the potential to grow at 20.1% over subsequent few years and add approximately US$14.7 Billion in terms of opportunity for the picking by aspiring businesses and their astute leaders.

Key Players of Market:

  • Airbiquity, Inc.
  • BlackBerry Ltd.
  • Continental AG
  • Delphi Automotive PLC
  • Denso Corporation
  • Ericsson AB
  • HARMAN International
  • Robert Bosch GmbH
  • Sierra Wireless, Inc.
  • TomTom International BV
  • Trimble, Inc.
  • Verizon Wireless

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Automotive Cloud Based Solutions Market, By Vehicle Type                

                    6.1.1 Passenger Cars        

                    6.1.2 Commercial Vehicles

                    6.1.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.4 Y-o-Y Growth Rate Analysis         

                    6.1.5 Market Attractiveness Index         

          6.2 Automotive Cloud Based Solutions Market, By Electric Vehicle Type                   

                    6.2.1 BEV     

                    6.2.2 HEV     

                    6.2.3 PHEV   

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Automotive Cloud Based Solutions Market, By Application                   

                    6.3.1 Fleet Management   

                    6.3.2 Infotainment  

                    6.3.3 ADAS  

                    6.3.4 Telematics     

                    6.3.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.6 Y-o-Y Growth Rate Analysis         

                    6.3.7 Market Attractiveness Index         

          6.4 Automotive Cloud Based Solutions Market, By Deployment Type                   

                    6.4.1 Private Cloud 

                    6.4.2 Public Cloud  

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

          6.5 Automotive Cloud Based Solutions Market, By Service Model               

                    6.5.1 Professional Services

                    6.5.2 Managed Services    

                    6.5.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.4 Y-o-Y Growth Rate Analysis         

                    6.5.5 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Vehicle Type        

                    7.2.3 By Electric Vehicle Type      

                    7.2.4 By Application

                    7.2.5 By Deployment Type

                    7.2.6 By Service Model      

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Vehicle Type        

                    7.3.3 By Electric Vehicle Type      

                    7.3.4 By Application

                    7.3.5 By Deployment Type

                    7.3.6 By Service Model      

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Vehicle Type        

                    7.4.3 By Electric Vehicle Type      

                    7.4.4 By Application

                    7.4.5 By Deployment Type

                    7.4.6 By Service Model      

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Vehicle Type        

                    7.5.3 By Electric Vehicle Type      

                    7.5.4 By Application

                    7.5.5 By Deployment Type

                    7.5.6 By Service Model      

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Vehicle Type        

                    7.6.3 By Electric Vehicle Type      

                    7.6.4 By Application

                    7.6.5 By Deployment Type

                    7.6.6 By Service Model      

8. Key Player Analysis                           

          8.1 Airbiquity, Inc.            

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 BlackBerry Ltd.           

          8.3 Continental AG           

          8.4 Delphi Automotive PLC         

          8.5 Denso Corporation                

          8.6 Ericsson AB                

          8.7 HARMAN International           

          8.8 Robert Bosch GmbH              

          8.9 Sierra Wireless, Inc.               

          8.10 TomTom International BV              

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Automotive Cloud Based Solutions Market By Region, From 2021-2026 ( USD Billion )
  2. Global Automotive Cloud Based Solutions Market By Vehicle Type, From 2021-2026 ( USD Billion )
  3. Global Passenger Cars Market By Region, From 2021-2026 ( USD Billion )
  4. Global Commercial Vehicles Market By Region, From 2021-2026 ( USD Billion )
  5. Global Automotive Cloud Based Solutions Market By Electric Vehicle Type, From 2021-2026 ( USD Billion )
  6. Global BEV Market By Region, From 2021-2026 ( USD Billion )
  7. Global HEV Market By Region, From 2021-2026 ( USD Billion )
  8. Global PHEV Market By Region, From 2021-2026 ( USD Billion )
  9. Global Automotive Cloud Based Solutions Market By Application, From 2021-2026 ( USD Billion )
  10. Global Fleet Management Market By Region, From 2021-2026 ( USD Billion )
  11. Global Infotainment Market By Region, From 2021-2026 ( USD Billion )
  12. Global ADAS Market By Region, From 2021-2026 ( USD Billion )
  13. Global Telematics Market By Region, From 2021-2026 ( USD Billion )
  14. Global Automotive Cloud Based Solutions Market By Deployment Type, From 2021-2026 ( USD Billion )
  15. Global Private Cloud Market By Region, From 2021-2026 ( USD Billion )
  16. Global Public Cloud Market By Region, From 2021-2026 ( USD Billion )
  17. Global Automotive Cloud Based Solutions Market By Service Model, From 2021-2026 ( USD Billion )
  18. Global Professional Services Market By Region, From 2021-2026 ( USD Billion )
  19. Global Managed Services Market By Region, From 2021-2026 ( USD Billion )

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