(MENAFN- EIN Presswire) OREGAON, PORTLAND, UNITED STATES , March 17, 2023 /einpresswire.com / -- The cloud can host a software service from a remote location that is freely accessible and used through the internet. Cloud-based systems enable monitoring of car performance and issues without any action needed at the driver end. A cloud-based system operates without the need for human intervention. This system operates automatically through a network of sensors when any issue about performance occurs in the vehicle. The cloud-based system is a software service that uses an internet network to monitor and detect problems, assuring the safety of drivers and passengers. The Asia-Pacific automotive cloud-based technology market is expected to grow considerably during the forecast period, followed by North America and Europe. This can be attributed to the rapid adoption of automotive cloud-based technologies in countries such as China, which is the largest manufacturer of vehicles across the globe. The development of cloud infrastructure and the use of cloud services by Indian automotive original equipment manufacturers (OEMs) have also contributed to the growth of the automotive cloud-based system market in the Asia-Pacific
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Top Impacting Factors
Rise in adoption of connected cars, surge in adoption of cloud technology, and rise in demand for electric vehicles drive the growth of the market.
High cost associated with procurement & maintenance of complex cloud-based system, failure of sensors, and increase in threats from hackers hinder the growth of the market.
Rise in urbanization, and growth in g fleet of vehicles act as an opportunity for the market investments.
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Key Benefits of the Report:
This study presents the analytical depiction of the automotive cloud-based system market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive cloud-based system market.
The current market is quantitatively analyzed to highlight the growth scenario of the automotive cloud-based system market.
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