Adoption of cloud computing in automotive market is higher as it enables better vehicle engineering by acknowledging customer’s demands with advanced analytic capabilities.
Dallas, United States - April 19, 2021 /MarketersMedia/ —
Global Cloud computing in Automotive Market
The term "cloud computing" refers to a method of storing data on online sites so that it can be processed in real-time using remote server networks. Previously, almost all companies stored their data on mobile computers that could be used for a variety of computing tasks. Manufacturers are now adopting cutting-edge cloud computing technology, which has changed the situation in recent years. If the data is stored on other personal devices that are located far away from you, it is important that it is maintained in an accessible and secure location at all times. As a consequence, cloud storage is one of the most secure solutions available in this case. The global market size for cloud computing in automotive industry is anticipated to reach USD 9.62 billion by 2025. The major driver for the adoption of cloud computing services is the cost efficiency over the traditional on-premise infrastructure.
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The global automotive industry has been incorporating a range of advanced technologies into its operations in recent years in order to make vehicles more reliable and safe. Furthermore, manufacturers are using cutting-edge technologies to enhance their customers' experiences. Many automotive industries around the world are seeing significant growth in their customer experience as well as business operations thanks to cloud technology. The network-connected hardware for application services is owned by a cloud services provider, such as Amazon Web Services, while end-user enterprises provision and use what they need through web applications.
Consumers can now access cloud computing solutions from anywhere thanks to improved internet connectivity and the widespread adoption of smartphones. For a number of simple and complex operations, cloud computing applications have become the most critical infrastructure. The rising demand for advanced infotainment systems and in-car networking is expected to increase the use of cloud computing in the automotive industry over the forecast period.
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Advanced vehicle connectivity, infotainment applications, artificial intelligence, mobile computing, telemetry, and voice & video data communication are some of the major applications provided by cloud computing solutions for the automotive industry. This broad-scale, cutting-edge technology delivers promising development for the automotive industry in the cloud-based solutions market.
The leading cloud providers in 2019 are same as the previous year. The infrastructure-as-a-service segment is dominated by Amazon Web Services, Microsoft Azure, and Google Cloud Platform. However, development and integration of technologies such as artificial intelligence, machine learning, IoT and Blockchain have opened new avenues for others. Following list highlights the top cloud vendors with revenues for the year 2018.
Segment Overview of Global Cloud Computing in Automotive Market
Regional Overview, 2015-2025 (USD Billion)
• North America
o U.S.
o Canada
o Mexico
• Europe
o France
o UK
o Germany
o Italy
o Rest of Europe
• Asia Pacific
o India
o Japan
o China
o Southeast Asia
o Rest of APAC
• South America
o Brazil
o Argentina
o Chile
o Peru
o Rest of South America
• Middle East and Africa
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