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Global Automotive Software Market Report, Market Size, Share, Trends, Analysis and Forecast to 2028
Stratistics MRC's Global Automotive Software Market value is expected to reach $50.4 billion growing at a CAGR of 15.1% during 2022-2028.Automotive software is a type of application that is used to improve the functionality of automobiles. It is a system that will alter the future of the mobility business. Normally, it is a sophisticated cloud solution that must be linked to some kind of hardware. Automotive software development is difficult because it integrates embedded software with large IT systems, it is produced in a worldwide setting in remote teams, and it has one of the fastest cycle times of any industry. Automotive software product lines and versions are among the most numerous. Automotive software is full of features that allow clients to grow their operations and much more, such as over-the-air updates (OTA), advanced cloud solutions, additional hardware connectivity, and much more. Personalization, dependability and adaptability, and industry expertise.
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Europe is projected to have the highest CAGR over the forecast period, owing to significant growth area for the automotive software business. Throughout the projection period, North America is expected to have a high demand. Furthermore, favourable government rules dealing with driver safety and security issues mandate automakers to provide in-vehicle infotainment with hands-free linked calls, which fuels the expansion of the European automotive software business. The presence of prominent industry players, as well as their quick research and development programmes, has emerged as a crucial growth factor for the automotive software market over the projection period.
Some of the key players profiled in the Automotive Software Market include Google, BlackBerry Limited, Airbiquity Inc., MontaVista Software LLC, Microsoft Corporation, Wind River Systems, HARMAN International, GlobalLogic Inc., Intellias Ltd., Robert Bosch GmbH, NVIDIA, NXP, Green Hills Software, Renesas Electronics and Autonet Mobile.
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Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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