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Automotive Software Market Size 2019 By Regional Growth Factors, Trends & Analysis of Leading Players Forecast 2025

Author : Rahul Varpe | Published Date : 2019-08-05 

Global Market Insights, Inc. has recently added a report on Automotive Software Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere.


The global automotive software market size is expected to depict substantial growth over 2019-2025. According a research report by Global Market Insights, Inc., automotive software industry size will surpass the $52 billion renumeration mark by 2025.

Get a Sample Copy of this Report @ https://www.gminsights.com/request-sample/detail/3214


Driven by the global trend of modernization & automation automotive makers are increasingly incorporating automotive software solutions for offering higher utility, security, and convenience to the customers. The profitability potential and growth prospects of the automotive software market are rather evident from the vast range of offerings, including auto drive software, auto mechanical software, mapping software, connectivity software, driver assistance software, anti-collision software, and entertainment software. 


Infotainment applications and automotive telematics have lately amassed hefty momentum in the automotive technology sector, with automakers like Ford and Continental having declared application stores and open platforms. At the same time, Apple’s iPod Out and Nokia’s Terminal Mode initiatives have integrated smartphones into the car environment, thus offering a pool of opportunities for automotive software market.


Key Benefits-
-  To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions In the global automotive software market.
- To forecast the size of the market segments with respect to four major regional segments Namely North America, Europe, Asia Pacific, Latin America, Middle East and Africa (LAMEA).


Impact of autonomous driving on automotive software industry


The Potential: Autonomous driving technology holds the potential of completely transforming the global automotive industry. A number of automotive software companies are increasingly making significant inroads in the field of self-driving, wherein vehicle drivers aren’t required to take control of the steering to drive the vehicle, which would be further elevating automotive software industry outlook to new heights.


The Projection: While there have been substantial developments in autonomous driving, owing to the unforeseen nature of the technology, there are no laws that dictate & regulate the use of fully-automated vehicles across the world.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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