Home / Market Activities / Market Report / Market for Cloud based solutions for automotive is estimated grow at ~20% to reach USD 66.95 Billion by 2022

Market for Cloud based solutions for automotive is estimated grow at ~20% to reach USD 66.95 Billion by 2022

The market for Cloud based solutions for automotive is estimated to be USD 27.03 Billion in 2017 and is projected to grow to USD 66.95 Billion by 2022, at a CAGR of 19.88% during the forecast period, according to a report by MarketandMarkets.

connected-vehicle-cloud-Ericsson

According to the report, the cloud based solutions for automotive market will be driven by applications that include fleet management, infotainment, OTA updates, telematics, ADAS, and other services.

About Piyush Rajan

Asst. Business Editor |Telematics Wire | Smart automotive

Check Also

inmarsat-telematicswire

Over-The-Air (OTA) updates market for automotive is to grow at a CAGR of 18.2% reaching USD 3.89 Billion by 2022, report says

According to a report by Research and Markets, the global Over-The-Air (OTA) updates market for …