Uploaded on May 28, 2021
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.
Computing in Automotive Market Growth, Trends, Absolute Opportunity and Value Chain 2021-2025
Adroit Market Research
Cloud Computing in Automotive Market
Global Cloud Computing Market in Automotive by
Region (North America, Europe, Asia-Pacific, Middle
East & Africa, South America) and Forecast 2019 to
2025
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Boost In Security And Reduced Risk Led The Higher
Adoption Of Cloud Computing In Automotive Industry
• Cloud computing is referred as on-demand delivery of database, computing power, applications,
storage and other IT resources with help of internet with pay-as-you-go pricing. It caters to an
enterprise by offering access to databases, servers, storage and an array of application services
over the Internet. A cloud services providers such as Amazon Web Services own network-
connected hardware significant for application services, while end-user enterprises provision and
use what they need via web applications.
• 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.
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Boost In Security And Reduced Risk Led The Higher Adoption Of Cloud
Computing In Automotive Industry
• Geographically, the Asia- Pacific region is the major contributor to the overall cloud computing
market in the automotive industry followed by Europe and North America region. Key factors such
as heavy digital transformation movement, strong economic growth, high internet penetration, and
favorable government initiatives are driving the adoption for the cloud computing services in the
APAC region. The region is also expected to grow at the highest rate during the forecast period
driven by huge demand and strategic developments by key vendors such as AWS and Microsoft.
• North America and Europe are mature markets in terms of cloud computing services adoption,
owing to very early adoption. Due to this cloud providers are focusing on new revenue streams
coming from developing cloud markets in Asia, Africa, and South America. Rapid technological
advancements in the regions of South America and the Middle-East & Africa region will propel the
demand for cloud computing services in the respective regions. South America will be the next
cloud market after the Asia Pacific, especially in thriving economies such as Brazil and Argentina.
• The leading cloud providers in 2019 are same as the previous year. The infrastructure-as-a-service
segment is dominated by Amazon Web Services, Microsoft Azure, and Google Cloud Platform.
However, development and integration of technologies such as artificial intelligence, machine
learning, IoT and Blockchain have opened new avenues for others. Following list highlights the top
cloud vendors with revenues for the year 2018.
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Adroit Market Research
Segment Overview of Global Cloud Computing in
Automotive Market
• North America
• Europe
• Asia Pacific
• South America
• Brazil
• Argentina
• Chile
• Peru
• Rest of South America
• Middle East and Africa
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