The Global Connected Vehicle Cloud Market is Expected to Grow with a CAGR of 13.5% from 2024 to 2030

According to a market report by Lucintel, the future of the global connected vehicle cloud market looks promising with opportunities in the passenger vehicle and commercial vehicle markets. The global connected vehicle cloud market is expected to grow with a CAGR of 13.5% from 2024 to 2030. The major drivers for this market are increasing demand for connected vehicles, rising trend of new technologies like AI and machine learning, and growing demand for data-driven services.

In this market, private cloud, public cloud, and hybrid cloud are the major segments of connected vehicle cloud market by vehicle type.

Lucintel forecasts that private cloud is expected to witness higher growth over the forecast period due to its strong and secure infrastructure designed to meet the complex needs of connected vehicles.

Within this market, passenger vehicle will remain the largest segment due to increasing penetration of connected car features, such as infotainment, navigation, and safety features in passenger cars.

APAC is expected to witness highest growth over the forecast period due to increasing automotive production and rising safety standards in the region.

Microsoft, IBM, Amazon Web Services, Google, Oracle, Cisco, and Verizon Communications are the major suppliers in the connected vehicle cloud market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056

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