Automotive Cloud Market Analysis

The automotive cloud market is segmented on application into fleet management, infotainment systems, telematics, over the air updates, ADAS, and others, out of which the fleet management segment is anticipated to grab the largest share by the end of 2022. Due to the growing businesses such as car-rental services and logistics & supply chain, fleet management applications have increased considerably, leading to the growth of the segment during the forecast period.

On the basis of the service model, the managed services segment in the global automotive cloud market are projected to grow with a significant CAGR over the forecast period. The growth of the segment is due to higher cloud infrastructure and integration of cloud-based services in cars and vehicles.

Our in-depth analysis of the global automotive cloud market includes the following segments

By Application	Fleet Management Infotainment Over the Air (OTA) Telematics ADAS Others
By Electric Vehicle Type	Battery Electric Vehicle (BEVs) Hybrid Electric Vehicle (HEVs) Plug-In Hybrid Electric Vehicles (PHEVs)
By Vehicle Type	Passenger Cars Commercial Vehicles
By Service Model	Professional Services Managed Services
By Deployment	Private Cloud Public Cloud

Frequently Asked Questions (FAQ)

Rising demand for advanced infotainment systems and increasing focus of automobile manufacturers to integrate the new technologies in their products are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Poor network connectivity and underdeveloped cloud infrastructure are estimated to hamper market growth.

The major players dominating the automotive data cloud technology market are Apple Inc., BlackBerry Limited, Robert Bosch GmbH, Ericsson AB, and Continental AG among others.

Automotive Cloud Market Analysis