The global automotive cloud market is estimated to be valued at USD 27.90 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 19.6% from 2024 to 2031.

The global automotive cloud market is projected to witness significant growth in the coming years. With the rise of connectivity features in modern vehicles, automakers are increasingly leveraging cloud computing technologies to enhance the driver and passenger experience. The cloud offers scalable storage and computing power that enables advanced services like remote diagnostics, over-the-air updates, real-time traffic updates, and integrated infotainment systems. It allows automakers to develop platforms that can provide customized services and push regular updates without the need for visits to service centers. This is boosting the demand for automotive cloud solutions globally.

Market Dynamics:

The automotive cloud market is driven by the rising demand for connectivity features in vehicles and the need for remote access to critical vehicle functions. The growing popularity of integrated mobility solutions is also fueling the market growth. However, cybersecurity concerns regarding sensitive vehicle data stored on the cloud and the lack of standard cloud platforms pose challenges to the widespread adoption of automotive cloud services. Meanwhile, the development of 5G technology offers significant opportunities by facilitating quicker transmission of large files needed for advanced automotive applications. This presents an opportunity for automotive cloud providers to tap into new revenue streams.

Key Features of the Study:

• This report provides in-depth analysis of the global automotive cloud market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031, considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automotive cloud market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Airbiquity Inc., Amazon Web Services, Inc., Apple (US), Blackberry Limited, Bosch (Germany), Continental AG (Germany), Denso Corporation, Delphi Automotive PLC, Ericsson AB, Harman International, Infor, LG Electronics, Microsoft, Oracle, Robert Bosch GmbH, Salesforce, SAP, ServiceNow, Sierra Wireless, and Tomtom International Bv.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global automotive cloud market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automotive cloud market.

Detailed Segmentation:

• By Vehicle Type
  • Passenger Vehicles
  • Commercial Vehicles
  •  Deployment Type
  • Private Cloud
  • Public Cloud
•  By Application
  • Infotainment Systems
  • Telematics
  • Fleet Management
  • Over the air Systems
  • Advanced driver-assistance systems
  • Others
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players Insights
  • Airbiquity Inc.
  • Amazon Web Services, Inc.
  • Apple (US)
  • Blackberry Limited
  • Bosch (Germany)
  • Continental AG (Germany)
  • Denso Corporation
  • Delphi Automotive PLC
  • Ericsson AB
  • Harman International
  • Infor
  • LG Electronics
  • Microsoft
  • Oracle
  • Robert Bosch GmbH
  • Salesforce
  • SAP
  • ServiceNow
  • Sierra Wireless
  • Tomtom International Bv