The cloud-based automotive technologies market is rapidly expanding and will reach a staggering USD 66.95 billion in revenue by 2022, at a CAGR of 19.88 percent
Fremont, CA: Cloud computing is a modern breakthrough technology that is revolutionizing every aspect of modern life daily. Such technology has found its way into various sectors and business platforms, helping businesses create apps more quickly and store data more efficiently. Cloud technology has pushed for futuristic breakthroughs in every area it has touched. Similarly, cloud computing is hastening the digital revolution of the automotive sector by bringing modern technologies such as high-performance computing and cloud networking to the modest automobile.
The cloud-based automotive technologies market is rapidly expanding and will reach a staggering USD 66.95 billion in revenue by 2022, at a CAGR of 19.88 percent. It demonstrates the significant importance of cloud technology on developing connected automobiles like the Tesla Model S, autonomous driving, shared mobility, deeper customer insights, and digital manufacturing for the automotive sector. Cars are becoming more linked than ever before as cloud computing reshapes the automotive industry in the key areas:
• Connected vehicles
Automobiles can reliably store this data in the cloud via cloud computing and then send this data to the vehicle's telematics plus infotainment system, sophisticated driver assistance technologies, and mobility solutions. As a result, cloud computing guarantees that data is distributed seamlessly among all vehicles' components.
• Autonomous driving
Self-driving automobiles have long captivated the human mind's attention. These self-driving robot-like automobiles do not require human involvement. These self-driving cars use super artificial intelligence techniques and advanced driver aid systems to evaluate the surroundings in real-time and make driving judgments. Sensors plus real-time HD maps deliver a continuous data flow to driver assistance systems, allowing the car to drive itself while keeping its riders and drivers secure.
• Digital manufacturing
Cloud computing has aided automakers in developing clever algorithms based on their machinery's cloud data. As a result, automakers have benefited from many production variables such as preventive analytics data analytics with monitoring, safety, and real-time data surveillance of the goods.