Automotive Cloud Market
There are two types of cloud used in automotive cloud such as private cloud and public cloud. A private cloud is a cloud environment, in which all cloud computing and computing services are connected and accessible only to a single customer. The benefits of cloud computing include flexibility, interoperability, and simplicity of service delivery that are combined with the access control, security, and resource customization of on-premises infrastructure in the private cloud. The public cloud is a subset of cloud computing, in which a cloud service provider makes computing resources available to users through public internet, ranging from SaaS applications to individual virtual machines (VMs), bare metal computing hardware, and complete enterprise-grade infrastructures and development platforms.
Market Dynamics
The increasing adoption of 5G and Internet of Things (IoT) is expected to propel the market during the forecast period 2021-2028
Although the development of autonomous vehicles is receiving a lot of attention, it is difficult that fully driverless vehicles will be widely used on public roads for a long time. However, as a step toward a driverless future, connected and smart vehicles are becoming more popular. Vehicle connectivity will be used for more than just streaming content and monitoring weather in the coming years. The use of 5G and Internet of things allows vehicles to communicate with road infrastructure, other vehicles on the road, and even pedestrian crossings, nearby obstacles on the road. For instance, in 2018, the trial of connected vehicle has taken place in Australia. Telstra Corporation Limited is a telecommunications company based in Australia that develops and executes telecommunications networks as well as markets voice, mobile, internet access, pay television, and other products and services collaborated in 2018 with Texus, an Australia-based automobile company, a division of Japanese Toyota to perform a cellular V2X (vehicle-to-everything) project demonstrating the real-world effect of advanced connectivity technologies on enhancing road safety. The Advanced Connected Vehicles Victoria (ACV2) trial, sponsored by VicRoads and the Transport Accident Commission (TAC), illustrates six safety-enhancing use-cases such as emergency electronics brake lights, in-vehicle speed warning, right turn assist, red light violator warning, curve speed warning and cooperative forward collision warning. These above six safety-enhancing use-cases contain human machine interface (HMI) to alert the driver of connected vehicles about identified dangers. The project is carried out by 5G services.
Market Taxonomy
This report segments the global automotive cloud market on the basis of vehicle type, deployment type, propulsion type, application type, and region. On the basis of vehicle type, automotive cloud market is segmented into passenger vehicles & commercial vehicles. On the basis of propulsion type, automotive cloud market is segmented into IC engine vehicles and electric vehicles. On the basis of deployment type, the market is segmented into private cloud and public cloud. On the basis of application type, the market is segmented into infotainment systems, telematics, fleet management, OTA (Over the air) systems, ADAS (Advanced driver-assistance systems), and others. Based on region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Key features of the study:
New System Launch-
Cerence Inc. is the leading global provider of automotive consultants, creating advanced, adaptable, and intuitive in-car experiences for the world's leading automobile manufacturers, announced a collaboration with Harman International in July 2021, the largest leader in connected car technology, lifestyle audio development, design and big data, cloud services, and Internet of Things (IoT) solutions. Under this collaboration, Harman uses Cerence’s embedded and cloud voice recognition, natural language generation, and text-to-speech information systems to recognize third-party applications in the Harman Ignite Store, a major connected vehicle framework that helps vehicle manufacturers to develop and maintain automotive applications and connected services.
Detailed Segmentation
“*” marked represents similar segmentation in other categories in the respective section.
*Browse market data tables and figures on ‘Global Automotive Cloud Market– Global forecast to 2028’
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