Published On : 10 Apr 2018
The cloud based solutions are revolutionizing almost every aspect of our life. Automotive is one of them. The key factors propelling the development of the cloud based solutions market for automotive are the rise in establishment of advanced driver assistance frameworks, redesigned infotainment frameworks, stringent automotive security and safety standards approved by the government, and rising inclination towards in-vehicle connectivity among original equipment manufacturers and Tier I suppliers. With the modernization of automobile business and other businesses, for example, logistics & supply chain and car-rental services, the utilization of fleet management application has expanded exponentially. The cloud based solutions for automotive market will be driven by applications comprise infotainment, fleet administration, telematics, OTA updates, ADAS, and several other services.
Strict Safety and Security Standards to Propel Demand for Cloud Based Solutions for Automotive
Rise in demand for facilities of e-calling, advanced infotainment frameworks, live monitoring, and stringent security and safety standards, and in-car internet, have added to the development of the global cloud based solutions for automotive market for passenger cars. The passenger car section is anticipated to hold the highest shares in the automotive cloud based solutions market because of the expanding deployment of different frameworks that are expected to work over the cloud. Moreover, emission regulations and safety standards in developed nations have boosted the original equipments manufacturers to design passenger cars which represent upgraded technologies that fulfils the need of connected cars. These factors have supported the cloud based solutions market for passenger cars all over the world.
Asia Pacific to Witness Growth Due to Integration of IT with Transportation and Automotive Industry
Seeing the advantages of incorporating IT services with automotive and transportation industry, Asia Pacific region is likely to experience a rise in demand for technologically advanced and efficient vehicles. This has come out as a proof of advanced vehicle ecosystem. Moreover, the construction of smart infrastructure and cities along with the implementation of safety regulations are estimated to stimulate a change in the passenger cars technology, so that it remains connected with the entire grid. The rise in integration of driving assistance in vehicles has boosted the OEMs to adopt cloud based services to meet the continuous demand in the market. Subsequently, growing IT and communication industry is foreseen to spur the demand for cloud based solutions in vehicles in the Asia Pacific market.
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The market shows a fascinating image of an extensive number of all players, both large and small that have become well-established in past few years. The key players in this market include BlackBerry (Canada), Apple (US), Verizon Wireless (US), Ericsson (Sweden), Continental AG (Germany), Bosch (Germany), Denso Corporation (Japan), Pioneer (Japan), Airbiquity (US), Visteon (US), and Delphi Automotive (UK).