Technology has advanced in terms of information pipelines, data capacity, computing ability, analytics-based algorithms, and AI in response to the rising demand for computation and data in the automobile industry. Automotive firms have new computing needs that can only be satisfied by cloud and hybrid computing models that enable on-demand access to linked vehicles' greater capacity when the related vehicles have storage-intensive tasks and compute-intensive workloads. To advance the automotive business, cloud providers are making significant investments in research and development there. Automakers also work together with these providers. The driver doesn't need to exert any physical effort to fix minor problems with the steering and suspension systems thanks to the cloud. Vehicles now have a tamper-proof, one-of-a-kind digital identity that sets linked vehicles apart from conventional automobiles. This unalterable, one-of-a-kind digital identity makes it simple to track vehicle data for a wide range of applications, including fleet management, insurance, driving safety, and predictive maintenance. Additionally, data from all drivers is broadcast and analysed in real-time to enable smart mobility. The technology also provides the framework for other services like micromobility and micropayments.
According to Coherent Market Insights, The worldwide Automotive Cloud Market size was valued at USD 16,498 million in 2021 and is anticipated to grow to USD 65,546 million by 2025, at a CAGR of 18.82%.
Leading Companies in the Automotive Cloud Industry:
1. Airbiquity
The company was started in 1997 and is based in Seattle, Washington, United States. The cloud platform offered by Airbiquity Inc. facilitates automobile services. The business provides services for corporate information, lifecycle management, and connection for drivers of automobiles. To assist automakers in coping with the explosion of connected vehicle data, Airbiquity expanded its service offerings in April 2022.
2. Amazon
The business was founded in 1994 and is based in Bellevue, Washington, United States. A large selection of products are available from online store Amazon.com, Inc. Customers can purchase directly from Amazon and use their web-based credit cards to pay for their purchases. Amazon declared the beginning of the RXPass prescription medication delivery service in January 2023. Amazon announced in September 2021 that Astro, its first home robot, would go on sale. Astro is powered by Alexa, a smart home system.
3. Bosch
The business was started in 1886 and is located in Gerlingen, Germany. The company's goods include fuel injection pumps, spark plugs, starter motors, alternators, wipers, delivery valves, elements, filters, and filter inserts. Spark plugs also comprise nozzles and nozzle holders. Bosch announced in April 2022 that it has purchased Dresden-based Arioso Systems, a manufacturer of MEMS micro speakers. Bosch announced its acquisition of the autonomous driving firm Five.ai in April 2022.
4. Denso
The company was founded in 1949 and is based in Kariya, Aichi, Japan. Automobile air conditioners, airbags, ignition structures, engines, driving systems, and ignition plugs with iridium electrodes are among the company's goods. Additionally, DENSO manufactures communication components for mobile navigation systems. The "Electrification Innovation Centre" at Denso's facility in Anj will open in June 2020.
5. Ericsson AB
The firm was started in 1876 and is based in Stockholm, Sweden. Communication technology is produced by Ericsson AB. Ericsson announced in November 2021 that it had agreed to pay $6.2 billion to acquire Vonage. In July 2022, the acquisition was finished. For $1.1 billion in September 2020, Ericsson purchased the US-based Cradlepoint provider of carrier equipment.
6. Harman
The firm was started in 1980 and is based in Stamford, Connecticut, U.S. Design, production, and marketing of audio and electronic systems are all done by Harman International. The company provides linked services, enterprise automation solutions, integrated audio, lighting, automobile systems, audio, and visual goods.
7. LG Electronics
The company was founded in 1947 and is located in Seoul, South Korea. The company manufactures and sells telecommunications devices such smart phones and tablets in addition to flat panel televisions, A/V appliances, washing machines, air conditioners, and refrigerators. A joint company called LG Magna e-Powertrain was established in 2020 by LG and Canadian auto supplier Magna International.
Definition: Automotive Cloud, which is based on Sales Cloud and Service Cloud, gives manufacturers and dealers the ability to efficiently manage the crucial touchpoints throughout the lifecycle of both customers' and their cars.
