Cloud Computing in Automotive Market Size will Escalate Rapidly in the Near Future 2021-2025

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.

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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.

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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