|
(Wireless-NewsWire.Com, November 14, 2018 ) The cloud based solutions market for automotive is estimated to be USD 27.03 Billion in 2017 and is projected to grow to USD 66.95 Billion by 2022, at a CAGR of 19.88% during the forecast period.
Don’t miss out on business opportunities in Cloud Based Solutions Market. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=76863591
The technology for automotive systems such as advanced driver assistance systems (ADAS), Telematics, and in-car wireless data connectivity has been evolving year after year. The new trend in the automotive industry is to manufacture connected vehicles that feature advanced technologies and connect the cars and vehicles with their surroundings.
By application, the fleet management system is estimated to hold the largest share of the cloud based solutions market for automotive. With the modernization of fleet business and increase in businesses such as car-rental services and logistics & supply chain, the use of fleet management application has increased considerably. Asia Pacific countries such as India and China have witnessed tremendous growth in e-commerce, which is again a business that depends on fleet management.
Browse and in-depth TOC on "Cloud Based Solutions Market"
47 - Tables
45 - Figures
143 - Pages
View more detailed TOC @
https://www.marketsandmarkets.com/Market-Reports/automotive-cloud-based-solution-market-76863591.html
By service model segmentation, the cloud based services market for managed services is estimated to experience the highest growth during the forecast period. With the establishment of better cloud infrastructure and integration of cloud based services in cars and vehicles, the demand for managed services is expected to grow significantly. Professional services would not be sufficient for handling the huge data generated. Managed services will therefore be a suitable option for various service providers.
By electric vehicle type, HEV is estimated to hold the largest share of the cloud based services for automotive market during the forecast period. The market growth can be attributed to the increase in penetration of hybrid electric vehicles and subsequent rise in cloud based services in these vehicles for better connectivity and semi-autonomous applications.
Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=76863591
Asia Pacific is estimated to be the fastest growing market for automotive cloud based services during the forecast period, followed by North America and Europe. The European cloud based solutions market for automotive is growing at a steady pace as most of the vehicles are equipped with high-end entertainment and safety features. With increasing popularity of automotive cloud based services, the North American market is estimated to witness a balanced growth during the forecast period. The existing vehicles in North America are already equipped with advanced safety features and infotainment system, which drive the growth of the market.
The global cloud based services for automotive market is dominated by key players such as Apple (US), BlackBerry (Canada), Verizon Wireless (US), Continental AG (Germany), Ericsson (Sweden), and Bosch (Germany), along with other tier I and tier II service providers.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
MarketsandMarkets
Mr. Shelly Singh
8886006441
sales@marketsandmarket.com
Source: EmailWire.Com 
|
