Cloud Based Solutions for Automotive market worldwide is projected to grow by USD 85 Billion, driven by a compounded growth of 20.6%. Fleet Management, one of the segments analyzed and sized in this study, displays the potential to grow at over 21.6%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$41.1 Billion by the year 2025, Fleet Management will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 21.9% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$3.1 Billion to the region’s size and clout in the next 5 to 6 years. Over US$4.1 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Fleet Management will reach a market size of US$3.5 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 20.1% over the next couple of years and add approximately US$14.7 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific.
Competitors identified in this market include, among others, Airbiquity, Inc.; BlackBerry Ltd.; Continental AG; Delphi Automotive PLC; Denso Corporation; Ericsson AB; HARMAN International; Robert Bosch GmbH; Sierra Wireless, Inc.; TomTom International BV; Trimble, Inc.; Verizon Wireless.
–Global Cloud Based Solutions for Automotive Industry Report
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