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New report examines the cloud based solutions market for automotive - 19.88% CAGR growth global forecast to 2022

New report examines the cloud based solutions market for automotive - 19.88% CAGR growth global forecast to 2022

Cloud Based Solutions Market report represents the revenue opportunities in the market through to 2022, highlights the market size and growth by technology, geography, type and size. The report outlines the evolution of the industry and identifies and assesses the best performing vendors in the market.

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Cloud Based Solutions Market highlights key players such as Airbiquity (US), BlackBerry (Canada), Verizon Wireless (US), Continental AG (Germany), Ericsson (Sweden), Bosch (Germany), Delphi Automotive (UK), Harman international (US), Denso Corporation (Japan), Trimble (US), Sierra Wireless(Canada), TomTom (Netherlands).

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The global cloud based solutions market for automotive is estimated to be USD 27.03 billion in 2017 and is projected to reach USD 66.95 billion by 2022, at a CAGR of 19.88%. The growing demands for upgraded infotainment systems, in-car connectivity.

is expected to increase the use of cloud based services in automobiles to a considerable extent in the near future. The cloud based solutions market for automotive has shown steady growth in developing countries such as India, China, and the Middle East.

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However, the limited network connectivity and weak cloud infrastructure can restrain the growth of the market in developing countries such as India, Russia, and Brazil.

Other services such as shared mobility and in-car data services are estimated to experience the highest growth rate in the cloud based services for automotive market. With the increasing penetration of smart phone, several mobile phone apps have been launched.

These apps enable the sharing of a vehicle with other travelers. Shared mobility has multiple benefits in the current traffic scenario.

It helps to reduce traffic congestion and pollution and makes a ride economical by dividing fuel charges among the riders. Further, people now prefer to stay connected through the internet even while traveling to get news updates, official emails,.

The demand for in-car data services has thus increased.

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By service model segmentation, the professional services segment is estimated to have the largest share of the cloud based services for automotive market during the forecast period. With the establishment of a better cloud infrastructure and rapid integration of cloud based services in cars and vehicles, the demand for professional services will grow significantly.

There would be increased need for data security and managing data with necessary back-end support.

The report segments the cloud based solutions market for automotive and forecasts its size, by value, on the basis of region (Asia Pacific, Europe, North America, and RoW), application (Fleet Management, Infotainment, Over the Air (OTA) Updates, Telematics, ADAS, and other services (Shared Mobility, In-Car Data Services.)), electric vehicle type (BEV,HEV,and PHEV),vehicle type (passenger cars and commercial vehicles), service model (Professional and Managed), and deployment type (Private and Public).

The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the global cloud based services for automotive market. Apart from analyzing the quantitative aspects, the report also covers qualitative aspects such as macro-economic factors for the global cloud based services for automotive market.

Key Point from Table of Content:

Cloud Based Solutions Market for Automotive, By Application
Introduction
Fleet Management Application
Infotainment System
Over the Air (OTA) Updates
Telematics
ADAS
Other Services (Shared Mobility, In-Car Data Service, Etc.)

Cloud Based Solutions Market for Automotive, By Service Model
Introduction
Professional Services
Managed Services

Cloud Based Solutions Market for Automotive, By Deployment Type
Introduction
Private Cloud
Public Cloud

Cloud Based Solutions Market for Automotive, By Electric Vehicle Type
Introduction
Cloud Based Solutions Market for Automotive, By Electric Vehicle Type
Battery Electric Vehicle (BEV)
Hybrid Electric Vehicle (HEV)
Plug-In Hybrid Electric Vehicle (PHEV)

Cloud Based Solutions Market for Automotive, By Vehicle Type
Introduction
Cloud Based Solutions Market for Automotive, By Vehicle Type
Passenger Car
Commercial Vehicle

Browse Complete Report at www.rnrmarketresearch.com/cloud-ba…arket-report.html

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