Dynamic 18% CAGR Charts Automotive Cloud Market’s Future in 2021-26
According to the MarkNtel Advisors' research report, "Global Automotive Cloud Market Analysis, 2021," the market likely to grow at a CAGR of around 18% during 2021-26 due to fast-evolving consumer behavior and snowballing advances in connected, autonomous, shared, and electric (CASE) technology.
Market Overview: Automotive Cloud Market
MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on Automotive Cloud Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
Automotive Cloud Market Insights 2021-26
The Automotive Cloud Market is estimated to grow at a CAGR of around 18% during the forecast period 2021-26.
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Driving Innovation: Exploring the Automotive Cloud Market and its Key Driver
Market Driver – Emerging Digitalization in Connected Vehicle
The growing smartphone user, increasing advancement in in-car connectivity, ADAS services like human-machine-interfaces (HMI), and escalating demand for IoT & 5G for vehicle connectivity are factors driving the growth of the automotive cloud market.
Mushrooming deployment of cloud services for cost control, communication, and networking technologies in the automobile industry drives the market growth. The burgeoning government investment in smart roads to communicate via V2X platform (vehicles to everything) and increasing adoption of AR/VR in connected cars are likely to fuel the market growth.
Top Players in the Automotive Cloud Market:
-Sierra Wireless
-Tomtom International
-Ericsson AB
-Airbiquity
-Blackberry Limited
-Visteon Corporation
-Telenav
-Microsoft
-Amazon Web Services, Inc.
-LG Electronics
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Segmentation Analysis of Automotive Cloud Market
Automotive Cloud Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2021-26, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Application
-Infotainment
-V2X
-Telematics
By Vehicle
-Passenger Vehicles
-Commercial Vehicles
- Passenger Vehicles Accounted for the Largest Market Share
By Deployment
-Public Cloud
-Private Cloud
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A Comprehensive Geographical Analysis:
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
- North America Dominated the Market
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About Us
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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