Automotive Cloud Market Share

APAC Market Statistics

Geographically, the automotive cloud market is segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa region. Asia Pacific industry is estimated to account for largest revenue share by 2036, as government have mandated fleet vehicles to have telematics systems and pre-installed satellite positioning so as to enhance fuel economy and vehicle wear. In addition to this, telematics insurance is fashioning around the developing countries. Japan’s automotive industry already took an initiative to tie up with insurance company.

Europe Market Analysis

The automotive cloud-based solutions in Europe are growing at a gentle pace due to the vehicles in the region are equipped with high-end entertainment and safety features. Another driving factor is increasing popularity of connected cars among consumer due to the offerings like remote anti-theft alarms.