The leading market players analyzed in the automotive software market report include Airbiquity Inc., Atego Systems Inc. (PTC), Microsoft Corporation, Autonet Mobile, Inc., Adobe Inc., Wind River Systems, Inc., Blackberry Limited, Goggle, Green Hills Software, and Montavista Software. These market players have adopted different strategies including partnership, expansion, collaboration, joint ventures, and others to strengthen their stand in the industry.
Rise in adoption of ADAS features in vehicles, increase in inclination toward connected car services, and intervention of innovative technologies for advanced user interface (UI) propel the growth of the global automotive software market. Based on product, the application software segment held the major share in 2019. By region, on the other hand, Asia-Pacific is expected to portray the fastest CAGR by the end of 2027.
Download Report (253 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/2871
According to the report published by Allied Market Research, the global automotive software market was estimated at $18.5 billion in 2019 and is expected to hit $43.5 billion by 2027, registering a CAGR of 14.5% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in adoption of ADAS features in vehicles, growing inclination toward connected car services, and intervention of innovative technologies for advanced user interface (UI) fuel the growth of the global automotive software market. On the other hand, lack of standard protocols to develop software platforms and scarcity of connected infrastructure impede the growth to certain extent. However, future potential of 5G and Artificial Intelligence (AI), developments in semi-autonomous and autonomous vehicles, and data monetization in extended automotive ecosystem are projected to pave the way for lucrative opportunities for the key players in the industry.
Request for Customization at https://www.alliedmarketresearch.com/request-for-customization/2871
The global automotive software market is analyzed across application, product, vehicle type, and region. Based on application, the safety system segment contributed to around one-third of the total market revenue in 2019 and is projected to lead the trail by 2027. Simultaneously, the infotainment and telematics segment would portray the fastest CAGR of 16.2% during the forecast period.
Based on product, the application software segment accounted for nearly half of the total market share in 2019 and is expected to retain its dominance by 2027. At the same time, the operating system segment would showcase the fastest CAGR of 17.2% from 2020 to 2027.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/2871
Based on region, Europe held the highest share in 2019, generating more than one-fourth of the global automotive software market. Asia-Pacific, on the other hand, would grow at the fastest CAGR of 16.6% by 2027. The two other regions analyzed across the report include North America and LAMEA.
Covid-19 scenario:
The outbreak of the pandemic led to a sharp decline in demand and investment for automobiles. There’s also been a huge change in the consumer behavior that has highly affected the market.
However, with several government bodies coming up with ameliorated rules and regulations, the market is expected to recoup soon.
Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/2871
Similar Reports We Have on Automotive Software Industry:
Air Traffic Management Software Market by Air Space (Air Traffic Services, Airspace Management, Air Traffic Flow Management and Aeronautical Information Management), Investment Type (Greenfield and Brownfield), and End Use (Tactical and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Auto Dealer Software Market by Type (DSM Software, CRM Software, Marketting Software, and Other Software) and by Application (Web based software and Installed Software): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Military Embedded System Software Market by Product Type (Motherboard & Computer-On-Module (COM), OPEN VPX, VME BUS, Compact-PCI (Board & Serial) and Others), Architecture (Custom-On-Standard-Architecture (COSA), Hardware Open System Technologies (HOST), Sensors Open Systems Architecture (SOSA) and Others), Application (Radar, Command & Control, Avionics, Electronic Warfare, Communication & Navigation, Weapon Fire Control System and Others), and Technology (Mist Computing, Fog Computing and Edge Computing): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Military Software Market by Technology (Learning & Intelligence, Advanced Computing, and AI Systems), and Application (Information Processing and Cyber Security): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Drone Software Market by Architecture (Closed Source and Open Source), by Offering (Desktop software and App-Based Software), by Technology (Advanced Computing and Learning & intelligence), by Application (Image Processing, Analytics, and Control & Data Capture), and by End User (Military and Commercial): Global Opportunity Analysis and Industry Forecast, 2020–2030.
Press Releases:
Automotive Software Market Worth $43.5 Billion by 2027 – Adoption of ADAS Features in Vehicles – GlobeNewsWire.com
Automotive Software Market to Reach $43.5 Bn, Globally, by 2027 at 14.5?GR: Allied Market Research – PRNewsWire.com