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Cloud Based Solutions for Automotive - Global Strategic Business Report

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    Report

  • 509 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804285

Global Cloud Based Solutions for Automotive Market to Reach $268.7 Billion by 2030

The global market for Cloud Based Solutions for Automotive estimated at US$64.9 Billion in the year 2022, is projected to reach a revised size of US$268.7 Billion by 2030, growing at a CAGR of 19.4% over the analysis period 2022-2030. Managed, one of the segments analyzed in the report, is projected to record 20.1% CAGR and reach US$158.1 Billion by the end of the analysis period. Growth in the Professional segment is estimated at 18.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $20 Billion, While China is Forecast to Grow at 22.1% CAGR

The Cloud Based Solutions for Automotive market in the U.S. is estimated at US$20 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$47.7 Billion by the year 2030 trailing a CAGR of 22.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.1% and 16.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.3% CAGR.

Select Competitors (Total 86 Featured)

  • Apple, Inc.
  • Accenture PLC
  • Adobe Inc.
  • Amazon Web Services, Inc.
  • ANSYS, Inc.
  • Airbiquity, Inc.
  • Access Co., Ltd.
  • Agero, Inc.
  • Altair Engineering, Inc.
  • Airmax Group Ltd.
  • Aptiv PLC
  • Auriga, Inc.
  • AImotive
  • Airlinq, Inc.
  • Accord Global Technology Solutions Private Limited

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Cloud Based Solutions for Automotive Market

What is the estimated value of the Cloud Based Solutions for Automotive Market?

The Cloud Based Solutions for Automotive Market was estimated to be valued at $64.9 Billion in 2022.

What is the growth rate of the Cloud Based Solutions for Automotive Market?

The growth rate of the Cloud Based Solutions for Automotive Market is 19.4%, with an estimated value of $268.7 Billion by 2030.

What is the forecasted size of the Cloud Based Solutions for Automotive Market?

The Cloud Based Solutions for Automotive Market is estimated to be worth $268.7 Billion by 2030.

Who are the key companies in the Cloud Based Solutions for Automotive Market?

Key companies in the Cloud Based Solutions for Automotive Market include Apple, Inc., Accenture PLC, Adobe Inc., Amazon Web Services, Inc., ANSYS, Inc., Airbiquity, Inc., Access Co., Ltd., Agero, Inc., Altair Engineering, Inc. and Airmax Group Ltd..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession; Living with COVID-19, the New Normal
  • Stagflation and Risk of Recession: New Challenges Emerge for the Global Market in 2022 & 2023
  • World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Impact of the Pandemic on the Automotive Industry
  • Passenger Car Production YoY % Growth in Major Regional Markets in 2020
  • Competitive Scenario: Prime Automobile Manufacturers Investing in Automobile Cloud
  • Cloud Based Solutions for Automotive - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Digital Transformation for the Automotive Industry Led by Cloud
  • Cloud Based Solutions to Drive Revenues for the Automotive Industry
  • Global Market Prospects & Outlook
  • World Market for Cloud Based Solutions for Automotive by Service Mode (2021 & 2027): Percentage Breakdown of Revenues for Managed, Professional
  • Pandemic Impact on Cloud Based Solutions for Automotive
  • Analysis by Application
  • World Market for Cloud Based Solutions for Automotive by Application (2021 & 2027): Percentage Breakdown of Revenues for Fleet Management, Infotainment, Telematics, ADAS, and Other Applications
  • Analysis by End-Use
  • World Market for Cloud Based Solutions for Automotive by End-Use (2021 & 2027): Percentage Breakdown of Revenues for Passenger Cars, and Commercial Vehicles
  • Regional Analysis
  • World Market for Cloud Based Solutions for Automotive - Geographic Regions Ranked by CAGR (Value) for the Period 2020-2027
  • Cloud Based Solutions for Automotive: An Introduction
  • Automotive Cloud's Capability
  • Cloud Platform's Building Blocks
  • Advantages of Cloud Solutions in Automotive Industry
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Automotive Industry Moves Ahead at Breakneck Speed with Cloud Platforms
  • Cloud for Automotive Industry: Compelling Benefits
  • Driving Up the Value of Cars with Cloud Connection
  • Edge and Cloud Computing Must Work Together for Automotive Industry Evolution
  • Why Automotive Cloud is a Buzzing Catchphrase in Smart Automotive Industry?
  • Hybrid Cloud & Multi-Cloud Trending Big in Automotive Space
  • Trends with Implications for Cloud Technology
  • Falling Growth in New Car Sales Shifts OEM Focus to New Revenue Streams
  • Global Automobile Production in Million Units for the Period 2008-2022
  • Connected Cars: Key to Wider Uptake of Cloud in Automotive Sector
  • Global Connected Cars Market (In US$ Billion) for the Years 2021, 2023 and 2025
  • Global Connected Car Shipments Breakdown by Country/Region for 2021
  • Connected Cars to Change the Automotive Landscape
  • Driving into the Future of Cloud-connected Cars
  • Autonomous Cars: A Landmine of Growth Opportunity for Automotive Cloud
  • Autonomous Vehicles Commercialization & Technology Penetration Timeline
  • Global Autonomous Vehicle Sales (In Million) for Years 2020, 2025 & 2030
  • Smart Cities Poised to Drive Demand
  • World Smart Cities Market Revenues (in US$ Million) by Geographic Region for the Years 2020 & 2025
  • Major Interest in Electric Vehicles to Fuel Long Term Demand
  • Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021E
  • Projected Growth in Electric Vehicles Drives Opportunities for Cloud Based Solutions: Breakdown of On-Road Electric Cars (In %) by EV Type for 2022E
  • V2X Technology Improves Vehicle Telematics
  • Global Vehicle Telematics Market Size (in US$ Billion) for the Years 2020, 2023 and 2026
  • Automotive Telematics Enjoys Broader Horizons with Cloud Technology
  • IoT to Expand Automotive Cloud Based Solutions’ Application Areas
  • Global Number of IoT Connected Devices (In Billion Units) for the Years 2016, 2018, 2020, 2022 & 2025
  • Global IoT Market (In US$ Billion) by Industry for the Years 2018 and 2022
  • Cloud Computing as Perfect Companion for IoT’s Journey in Automotive Industry
  • Automotive Industry Witnesses ACES Trends, 5G a Critical Technology
  • 5G to Accelerate the Role of Cloud Based Solutions for Automotive Sector
  • Uptake of ADAS Strikes Perfect Chord with Cloud Computing
  • Rising Penetration of ADAS Systems
  • Over the Air (OTA) Software Updates for Cars: The Next Stage of Software Evolution
  • Global Number of OTA Enabled Cars On Road (In Million) by Segment for the Years 2019 and 2025
  • Cloud Remains Indispensable Element of Automotive OTA Updates
  • Infotainment Systems as the Touchpoint for Connectivity, Becomes the Hotbed for Software Development and Cloud Based Activity
  • Global Automotive Infotainment System Sales Breakdown by Operating System (in %) for 2017 and 2022
  • In-Vehicle Infotainment Era Presents Perfect Landscape for Cloud Platform
  • Automotive Cloud to Gain from Advanced In-Car Infotainment Systems
  • Potential Threat of Cyber Attacks
  • Critical Need for Sensor Fusion in Automobiles Steps Up the Importance of Software and Cloud based Solutions
  • Falling Cost of Sensors Bode Well for Sensor Proliferation in the Automotive Industry: Global Average Price of Sensors (In US$ Per Unit) for the Years 2010, 2015, 2018 and 2020
  • Rising Average Number of Sensors per Car Throws the Development Focus on Sensor Fusion Software: Global Number of Sensors Used in the Automotive Industry (In Billion Units) for the Years 2017 and 2020
  • Cloud Computing Not Without Challenges, and the Way Out
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Cloud Based Solutions for Automotive Market Analysis of Annual Sales in US$ Million for Years 2017 through 2030
  • TABLE 2: World Recent Past, Current & Future Analysis for Cloud Based Solutions for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 3: World Historic Review for Cloud Based Solutions for Automotive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 4: World 13-Year Perspective for Cloud Based Solutions for Automotive by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2017, 2023 & 2030
  • TABLE 5: World Recent Past, Current & Future Analysis for Managed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 6: World Historic Review for Managed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 7: World 13-Year Perspective for Managed by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 8: World Recent Past, Current & Future Analysis for Professional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 9: World Historic Review for Professional by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 10: World 13-Year Perspective for Professional by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 11: World Recent Past, Current & Future Analysis for Fleet Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 12: World Historic Review for Fleet Management by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 13: World 13-Year Perspective for Fleet Management by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 14: World Recent Past, Current & Future Analysis for Infotainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 15: World Historic Review for Infotainment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 16: World 13-Year Perspective for Infotainment by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 17: World Recent Past, Current & Future Analysis for Telematics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 18: World Historic Review for Telematics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 19: World 13-Year Perspective for Telematics by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 20: World Recent Past, Current & Future Analysis for ADAS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 21: World Historic Review for ADAS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 22: World 13-Year Perspective for ADAS by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 23: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 24: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 25: World 13-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 26: World Recent Past, Current & Future Analysis for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 27: World Historic Review for Passenger Cars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 28: World 13-Year Perspective for Passenger Cars by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
  • TABLE 29: World Recent Past, Current & Future Analysis for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 30: World Historic Review for Commercial Vehicles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Million for Years 2017 through 2021 and % CAGR
  • TABLE 31: World 13-Year Perspective for Commercial Vehicles by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2023 & 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Cloud Based Solutions for Automotive Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • Cloud Based Solutions for Automotive Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Canada for 2022 (E)
  • JAPAN
  • Cloud Based Solutions for Automotive Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • EUROPE
  • Cloud Based Solutions for Automotive Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Cloud Based Solutions for Automotive Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • REST OF WORLD
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Apple, Inc.
  • Accenture PLC
  • Adobe Inc.
  • Amazon Web Services, Inc.
  • ANSYS, Inc.
  • Airbiquity, Inc.
  • Access Co., Ltd.
  • Agero, Inc.
  • Altair Engineering, Inc.
  • Airmax Group Ltd.
  • Aptiv PLC
  • Auriga, Inc.
  • AImotive
  • Airlinq, Inc.
  • Accord Global Technology Solutions Private Limited