Automotive Software Market Share, Size and Global Forecast 2029

Gmi Research06 Dec, 2022Technology

Automotive Software Market was valued at USD 20.8 billion in 2021 and is estimated grow at a CAGR of 14.1% during 2022-2029, reaching USD 59.8 billion in 2029. The factors driving the growth of Automotive Software Market includes growing demand for connected and autonomous vehicles, emerging need to reduce the vehicle downtime costs, rising production of automobiles, commercialization of 5G technology and improvements in the living standards