Global cloud computing in automotive market report 2020-2025 also includes qualitative insights such as drivers and restraints. Data analytics and connected solutions are leading higher adoption of cloud computing in automotive sector.

The automotive sector has gone through the number of radical changes along with various important advancements in technology. Thus, the traditional vehicles with the basic functionalities have now transformed into connected cars with the huge number of modernized features that are not restricted to cloud computing, Big Data Internet of Things, as well as Artificial Intelligence. In addition, growing agility and automation need for bringing improved consumer experience as well as raised cost return and cost savings on investment are some of the major factors responsible for the global Cloud computing in automotive market growth. On the other hand, data prone to lack of skilled labor as well as cyber-attacks may hinder the global cloud computing in automotive market growth.

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The global market size for cloud computing in automotive industry is anticipated to reach USD 9.62 billion by 2025. The major driver for the adoption of cloud computing services is the cost efficiency over the traditional on-premise infrastructure. Additionally, the massive growth in data generation through multiple business functions and specific focus on customer-centric applications for improved customer engagement are some of the other factors driving the growth for the cloud computing market. Rapid development and integration of technologies such as IoT, AI, and Blockchain have enhanced the adoption of cloud computing services across the industries.

In addition, IaaS (Infrastructure as a Service) is helping organizations to improve infrastructure performance as well as scalability. However, the major features offered by the IaaS comprise dynamic scaling, automated administrative tasks, network connectivity, and platform virtualization. Furthermore, IaaS allows organization to influence their infrastructure without paying for the building the physical infrastructure. Moreover, it also offers mobility, flexibility, scalable and easy access to the number of applications and improved collaborations to aid businesses focus on the core business processes.

Another important aspect of cloud computing in automotive industry is adoption of green technology. Automotive industry is constantly encountering environmental issues and todays consumers are aware and finding alternative forms of transportation. With help of cloud, vehicles can embrace green technology for efficient driving and reduce CO2 emissions. Cloud computing can develop the required systems and processes to build and design electric vehicles.

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Furthermore, the consumer goods and retail segment if one of the fastest-growing segment in terms of adoption of innovative as well as emerging technologies such as big data analytics, cloud computing, digital stores, DevOps, and social networks. The numbers of factors driving the demand of global Cloud computing in automotive market are increasing purchasing power of consumers as well as the need to satisfy consumer expectations. In addition, cloud technologies and online retailing have expressively disrupted the consumer good and retail segment which led to the cloud computing adoption especially for security services, backup, as well as storage. This factor also contributed to the global Cloud computing in automotive market growth.

According to the geographical front, the global Cloud computing in automotive market is divided into North America, Europe, South America, Asia pacific, and MEA. North America holds the largest global Cloud computing in automotive market share. Moreover, connected cars are becoming more advanced technology and the cloud computing enables automotive software vendors as well as car manufacturers to be more responsive. On the other and, cloud applications can manage operations, improve transparency, increase governance, and offer manufacturers a highly competitive edge.

The global Cloud computing in automotive market is extremely competitive owing to the top service providers offering the high-quality service across the globe. Some of the service providers of global Cloud computing in automotive market include SAP, Microsoft, AWS, IBM, Google, Alibaba, Oracle, and many others.

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