Cloud Based Solutions Market for Automotive by Application (Fleet Management, Infotainment, OTA Updates, Telematics, ADAS and Other Services); By Deployment (Private and Public); By Service Model (Professional and Managed); By Vehicle Type (Passenger and Commercial); By Electric Vehicle (BEV, HEV and PHEV)and Region – Analysis of Market Size, Share & Trends for 2019– 2020 and Forecasts to 2030

Region:Global

Author(s):

Product Code:FG115

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Published on

August 2020

Total pages

150

Table of Content

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About the Report

About the Report

Market Overview

The Automotive Cloud platform provides the necessary infrastructure to connect, monitor, and transfer data efficiently between vehicles, service networks, and anything in between. Automotive companies use the cloud to achieve IT agility, cost management, connectivity, and networking technologies. By incorporating cloud-based DevOps in the automotive ecosystem, high-quality software is provided and the process in development reduces significantly with continuous delivery. It is estimated that there will be more than 265 million connected vehicles on the road by the end of 2020.

Market highlights

The cloud-based solutions market for automotive is projected to grow to USD XXXX by 2030, at a CAGR of 19% during the forecast period. Automotive systems technology such as advanced driver assistance systems (ADAS), telematics, and in-car wireless data connectivity evolved year after year. In the automotive industry, the new trend is to produce connected vehicles that feature innovative tech and connect cars and vehicles to their surroundings. IoT development is fueling connected vehicles. As the industry faces new challenges, significant changes are underway in the automotive industry. There's strong competition and new technological advances are shaping this sector's new face. One such innovative shift is the way IT assets owned by these organizations are integrating cloud computing-related data collection, storage, processing, and costs. As the global automotive industry is currently estimated to be around USD ~ 2.5 trillion, the entire industry is undergoing significant transformation such as with car-sharing, connected vehicles, and other services.

Automotive Cloud Market Expected Market Growth

Automotive Cloud Market: Segments

The application for fleet management holds the greatest market share  

The use of the fleet management framework has increased exponentially with the transformation of the fleet industry and the rise in companies such as car-rental services and logistics & supply chain. Applications that drive cloud-based solutions for the automotive market include fleet management, infotainment, OTA updates, telematics, ADAS, and other services.

During the forecast period of 2020-2030, the fleet management application is expected to grow at a moderate CAGR. This is anticipated due to the deployment of fleet management services and solutions across several countries especially in Asia Pacific countries like India and China.

By segmentation of service models, the cloud-based services market for managed services is projected to have the highest growth over the forecast period

The demand for managed services is anticipated to increase substantially with the establishment of better cloud infrastructure and the integration of cloud-based services in cars and other vehicles. Professional services are not enough to manage the large quantities of data generated. Therefore, managed services will be an effective option for different service providers.

During the forecast period, the Hybrid Electric Vehicle (HEV) is expected to hold the largest share of cloud-based solutions for the automotive market by type of electric vehicle. Market growth is attributed to increased penetration of hybrid electric vehicles and a consequent increase in cloud-based services for improving connectivity and semi-autonomous applications in these vehicles. Increasing demand for updated infotainment systems, e-calling facilities, live monitoring, and in-car internet, and strict safety and security standards have attributed to the growth of global cloud-based automotive market solutions for passenger automobiles.

It is estimated that the passenger car segment holds a large share of the global automotive cloud-based services due to the rising installation of various systems that will function over the cloud. OEMs (Original Equipment Manufacturer) have also been encouraged by security regulations and emission regulatory requirements across developed nations to design passenger cars that involve advanced technologies to serve connected cars. These factors have accelerated the market for cloud-based passenger car solutions around the world.

Automotive Cloud Market: Drivers and Restraints

Drivers

Solving the Complications of Automotive Sector

Needs of automotive companies revolve around large-scale engineering models, analytics, data, and distributor networks and these centralized demands require very powerful infrastructure whose maintenance can prove to be a technical challenge. Such problems can be overcome by cloud computing with its super servers. Additional storage is provided on request, and the time is taken and the process of implementation to adapt the system according to the requirements is also quick and easy.

Cloud computing can improve the performance of installed GPS and entertainment systems in the car. A lot of research is going on to make cars smart and insightful to counter the diverse road and traffic situation. These controls and the constant feed of information require uninterrupted and on-demand readiness of the systems that the cloud can provide. The key factors driving the growth of the cloud-based automotive solutions market are the growing deployment of advanced driver assistance systems, updated infotainment systems, strict government-introduced automotive safety and security standards, and increased preference for in-vehicle connectivity among OEMs and Tier I suppliers.

Security with Reduction in Risks and Protection from Natural Disasters

Frequent data backups protect companies against accidental wipe-outs. Also, regular workshops and user support reduce the incidence of data damage and errors. These experts also conduct regular system tests and do what is needed around the clients' differing demands, thereby reducing downtime. Data stays safe and preserved even in a natural calamity like cyclone, storm, or earthquake. Cloud computing is capable of making the automotive industry and its data processing and storage faster, safer, and better. It eliminates the risks associated with data loss while at the same time providing the customer with cost economy. With ever-increasing competition and raw material costs, the automotive industry looks forward to leverage opportunities that arise from this system.

Restraint
Lack of Infrastructure and Rising Threats from Hackers can Hamper Market Growth

Underdeveloped countries and remote areas do not have the IT infrastructure to have cloud platforms and software or even to handle such platforms and safeguard them from the attacks from the increasing number of hackers. Insufficient disposable income in developing countries, high cost of such automotive, are the main restraints for the global automotive cloud market.

Automotive Cloud Market: Regions

Automotive Cloud Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA. The Asia Pacific region has seen increasing demand for technologically advanced and reliable vehicles following the integration of IT services with the automotive and transport sectors. This has resulted in the development of an advanced vehicle system. Also, enforcing the safety regulations and building smart cities and networks will cause a shift in passenger car technology to keep them connected to the whole grid. The emergence of driving aid technologies has encouraged OEMs to choose cloud-based services to satisfy the ongoing trends in the market. The expansion of the IT & communication infrastructure is projected to drive the market for cloud-based vehicle services on the Asia Pacific market. Especially in China, And India, this market is highly growing. Due to the rising presence of a Dealer Management System's technology-based start-up features

During the forecast period, Asia Pacific is anticipated to be the fastest-growing market for automotive cloud-based services, followed by North America and Europe. The European market for cloud-based automotive solutions is steadily growing, as most vehicles are fitted with advanced-end entertainment and safety features. With automotive cloud-based services becoming increasingly prevalent, the North American market is expected to experience a balanced growth over the forecast period. The new North American vehicles are now fitted with enhanced safety features and infotainment system, which drives the market growth.

The Automotive cloud market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Automotive Cloud Market: Key Players

  • Apple (US)
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • BlackBerry (Canada),
  • Verizon Wireless (US),
  • Continental AG (Germany),
  • Ericsson (Sweden),  
  • Bosch (Germany)

Research Institutes, such as,

  • Japan Automobile Manufacturers Association (JAMA),
  • European Automobile Manufacturers Association (EAMA),
  • Canadian Automobile Association (CAA)
  • Korea Automobile Manufacturers Association (KAMA).

The Automotive Cloud Market report also contains analysis on:

  • Automotive Cloud Market Segments:
  • By Application Type
    • Fleet Management
    • Infotainment
    • Over the Air (OTA) Updates
    • Telematics
    • ADAS
    • Other Services (Shared Mobility, In-Car data etc.)
  • By Electric Vehicle Type  
    • Battery Electric Vehicle (BEV)
    • Hybrid Electric Vehicle (HEV)
    • Plug-In Hybrid Electric Vehicle (PHEV)
  • By Vehicle Type
    • Passenger Cars (PC)
    • Commercial Vehicles (CV)
  • By Service Model
    • Professional
    • Managed
  • By Deployment
    • Private Cloud
    • Public Cloud
  • Automotive Cloud Market Dynamics
  • Automotive Cloud Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints

FAQs on Automotive Cloud Market

  • Which segment is anticipated to hold the largest market share?
  • At what CAGR is the market anticipated to grow between 2020 and 2030?
  • Who are the key players in the automotive cloud market?
  • What could be the challenging factors for the growth of the automotive cloud market?

What are the growth drivers for the automotive cloud market?

Products

Table of Contents

Table of Contents

Contents        

  1. Executive Summary

  2. Automobile Cloud

    1. Automobile Cloud Product Overview
    2. Market Definition
    3. Segmentation
    4. Assumptions and Acronyms
  3. Research Methodology

    1. Research Objectives
    2. Primary Research
    3. Secondary Research
    4. Forecast Model
    5. Market Size Estimation
  4. Average Pricing Analysis

  5. Market Dynamics

    1. Growth Drivers
    2. Restraints
    3. Opportunity
    4. Trends
  6. Recent Development, Policies & Regulatory Landscape

  7. Risk Analysis

    1. Demand Risk Analysis
    2. Supply Risk Analysis
  8. Automobile Cloud Industry Analysis

    1. Porters Five Forces
      1. Threat of New Entrants
      2. Bargaining Power of Suppliers
      3. Threat of Substitutes
      4. Rivalry
    2. PEST Analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
  9. Global Automobile Cloud Market

    1. Market Size & forecast, 2019A-2030F
      1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
  10. Global Automobile Cloud: Market Segmentation

    1. By Regions
      1. North America: (U.S. and Canada)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)
        • By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    2. By Electric Vehicle: Market Share (2020-2030F)
      1. HEV, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. BEV, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      3. PHEV, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
    3. By Core Network: Market Share (2020-2030F)
      1. Fleet Management, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      2. Infotainment, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      3. OTA Updates, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      4. Telematics, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      5. ADAS, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
      6. Other Services, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

10.4. By : Market Share (2020-2030F)

  1.  
  2.  

         10.5. By Vehicle Type: Market Share (2020-2030F)

  1.  
  2.  
  1. Company Profile
    1. Apple (US)
      1. Company Overview
      2. Company Total Revenue (Financials)
      3. Market Potential
      4. Global Presence
      5. Key Performance Indicators
      6. SWOT Analysis
      7. Product Launch
    2. BlackBerry (Canada),
    3. Verizon Wireless (US),
    4. Continental AG (Germany),
    5. Ericsson (Sweden), 
    6. Bosch (Germany)
    7. Japan Automobile Manufacturers Association (JAMA),
    8. European Automobile Manufacturers Association (EAMA),
    9. Canadian Automobile Association (CAA)
    10. Korea Automobile Manufacturers Association (KAMA).
  2. Consultant Recommendation

**The above-given segmentation and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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