Autonomous Cars Software Market Growth, News and Demand 2024

1. Downloaded from: justpaste.it/3nzwx Latest Growth of Autonomous Cars Software Market and Research till 2024 The autonomous cars software market size has the potential to grow by USD 3.26 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year- over-year growth. Know more about Report: https://www.technavio.com/talk-to-us? report=IRTNTR43256&type=sample&src=report This report provides a detailed analysis of the market by product (level 3 autonomous cars, level 4 autonomous cars, and level 5 autonomous cars) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Alphabet Inc., Apple Inc., Baidu Inc., BlackBerry Ltd., Cisco Systems Inc., Delphi Technologies Plc, Intel Corp., NVIDIA Corp., Robert Bosch GmbH, and Tesla Inc. Market Competitive Analysis The autonomous cars software market is fragmented. There are a few software vendors in the market, but more players are expected to enter the autonomous cars software market during the forecast period, due to high growth potential making the threat of rivalry moderate during the forecast period. New vendors entering this market are finding it increasingly difficult to compete with international vendors in terms of quality, functionalities, features, and services. The competitive environment in this market will intensify in the coming years due to the increase in service extensions, technological innovations, and M&As. To improve their market shares and enhance their global presence, the international players will also focus on acquiring smaller players. Alphabet Inc., Apple Inc., and Baidu Inc. are some of the major market participants. Although investments by the governments of various countries across the world toward the advancement of technology will offer immense growth opportunities, the huge price of autonomous cars will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help clients improve their market position, this autonomous cars software market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this autonomous cars software market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities Autonomous Cars Software Market: Key Drivers and Trends

2. The provincial government of the province of Ontario, Canada, invested close to 80 million USD in autonomous vehicles. This technology will be developed at six centers across the province. Similarly, the US government has also allotted about USD 4 billion over the next ten years to fund projects that support the development of autonomous vehicles. According to this market research and analysis, such investments by the governments of various countries across the world towards the advancement of technology used for autonomous cars will be one of the critical factors that will drive the growth of the software market for autonomous cars. One of the latest autonomous cars software trends that will gain traction in the coming years is the rising developments in open-source software. Compared to the proprietary software, open-source software has several advantages. Companies prefer to adopt open-source software due to a reduction in their operational costs and improved product quality. For instance, Baidu announced Project Apollo, an open-source software platform for its partners in the automotive and autonomous driving industry, to develop an autonomous driving system. Project Apollo includes hardware and software service solutions, vehicle platforms, hardware platforms, software platforms, and cloud data services.