Updated Research Report of Cloud Service for Automotive Market 2020-2025:
Global Cloud Based Solutions for Automotive Market to Reach $134.4 Billion by 2025
Amid the COVID-19 crisis, the global market for Cloud Based Solutions for Automotive estimated at US$38.1 Billion in the year 2020, is projected to reach a revised size of US$134.4 Billion by 2025, growing at a CAGR of 19.7% over the analysis period 2020-2025. Fleet Management, one of the segments analyzed in the report, is projected to record a 20.8% CAGR and reach US$47.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Infotainment segment is readjusted to a revised 17.1% CAGR for the next 5-year period.
The U.S. Market is Estimated at $11.3 Billion, While China is Forecast to Grow at 19% CAGR
The Cloud Based Solutions for Automotive market in the U.S. is estimated at US$11.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$23 Billion by the year 2025 trailing a CAGR of 18.9% over the analysis period 2020 to 2025. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.4% and 17.2% respectively over the 2020-2025 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.
Over the Air (OTA) Updates Segment to Record 19% CAGR
In the global Over the Air (OTA) Updates segment, USA, Canada, Japan, China and Europe will drive the 18.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$4.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$16.3 Billion by the year 2025.We bring years of research experience to this 8th edition of our report. The 175-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Segmentation by type: breakdown data from 2015 to 2020 in Section 2.3; and forecast to 2025 in section 10.7.
Segmentation by application: breakdown data from 2015 to 2020, in Section 2.4; and forecast to 2025 in section 10.8.
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This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
JD Cloud & AI
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Cloud Service for Automotive market size by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025.
To understand the structure of Cloud Service for Automotive market by identifying its various subsegments.
Focuses on the key global Cloud Service for Automotive players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
Key questions answered in the report:
What will the market growth rate of Cloud Service for Automotive market in 2025?
What are the key factors driving the global Cloud Service for Automotive market?
What are sales, revenue, and price analysis of top manufacturers of Cloud Service for Automotive market?
Who are the distributors, traders and dealers of Cloud Service for Automotive market?
Who are the key manufacturers in Cloud Service for Automotive market space?
What are the Cloud Service for Automotive market opportunities and threats faced by the vendors in the global Cloud Service for Automotive market?
What are sales, revenue, and price analysis by types and applications of Cloud Service for Automotive market?
What are sales, revenue, and price analysis by regions of Cloud Service for Automotive market?
What are the market opportunities, market risk and market overview of the Cloud Service for Automotive market?
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Major Key Points in Table of Content
1 Scope of the Report
2 Executive Summary
3 Global Cloud Service for Automotive by Company
4 Cloud Service for Automotive by Regions
8 Middle East & Africa
9 Market Drivers, Challenges and Trends
10 Marketing, Distributors and Customer
11 Global Cloud Service for Automotive Market Forecast
12 Key Players Analysis