MarketersMEDIA / Newsroom / Global Cloud Based Solutions Market is expected to reach $137.72 billion 2027 growing at a CAGR 17.9% during 2018 to 2027.

Global Cloud Based Solutions Market is expected to reach $137.72 billion 2027 growing at a CAGR 17.9% during 2018 to 2027.

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Some of the key players in Cloud Based Solutions Market include Airbiquity Inc, Blackberry Limited, Continental AG, Delphi Automotive PLC, Denso Corporation, Ericsson AB, Harman International, Robert Bosch GmbH, Sierra Wireless, Tomtom International Bv, Trimble Inc and Verizon Wireless.

— Some of the key factors propelling the market growth are innovations in smart technologies, increasing demand for incorporation of vehicle features with smart phone and mobility services and infotainment. However, limitations in network coverage and cyber security are the restraining factor for the growth of the market.

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Cloud Computing is an advanced technology in which a network of servers are used via internet to store and manage and data, instead of using the hard disks. The main objective of cloud based solution for automotive is improving the vehicle safety. Cloud computing technologies have potential due to which the automotive manufacturers can develop intelligent vehicles that are capable of engaging with their environment. The applications of cloud based solutions for automotive industry includes advanced vehicle connectivity, mobile computing, machine learning,, voice and video data communication. These applications are offering positive growth of cloud based solutions market for automotive market. In recent years, Cloud-based computing is used along with car telematics enabling new mobility models. To control and navigate these autonomous vehicles safely, intelligent transportation systems will coordinate the traffic, and digital maps in the car are constantly updated over the cloud.

By service model, managed services segment is expected to grow at the significant market share during the forecast period. With the organization of better cloud infrastructure and its integration in cars and vehicles, the demand for managed services is expected to grow extensively and is therefore a suitable option for various service providers.

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On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to increasing popularity of automotive cloud based services. The existing vehicles in region are already equipped with advanced safety features and infotainment system, which drive the growth of the market.

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Vehicle Types Covered:
• Commercial Vehicle
• Passenger Car

Service Models Covered:
• Managed Services
• Professional Services

Electric Vehicle Types Covered:
• Plug-In Hybrid Electric Vehicle (PHEV)
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)

Deployment Types Covered:
• Public Cloud
• Private Cloud

Applications Covered:
• Advanced Driver Assistance Systems (ADAS)
• Fleet Management Application
• Infotainment System
• Over the Air (OTA) Updates
• Telematics
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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We offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. We are known for customized research services, consulting services, and Full-Time Equivalent (FTE) services in the research world. We explore market trends and draw our insights with valid assessments and analytical views. We use advanced techniques and tools among the quantitative and qualitative methodologies to identify the market trends.

Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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Email: Send Email
Organization: Stratistics Market Research Consulting Pvt Ltd
Phone: +1-301-202-5929

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Source: MarketersMedia

Release ID: 88948634

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