IT SpendingAutomotive Market

The Europe IT Spending in Automotive market was valued at US$ 15.6 billion in 2024 and is projected to reach US$ 28.4 billion by 2030, at a CAGR of 10.5% during the forecast period 2024-2030.

Strategic technology investments in automotive industry covering software development, digital transformation, connected vehicle technologies, and manufacturing automation. Encompasses cloud computing, AI/ML, IoT platforms, and cybersecurity solutions.
Manufacturing digitalization leads 42%. Germany dominates 38%. Connected car technologies growing 65%. Cloud adoption 78%. AI implementation 52%. Cybersecurity investments up 45%. Digital twin adoption 38%. Software development expanding 55%. Market driven by vehicle electrification and autonomous driving development.

Report Includes

IT SpendingAutomotive Market is an essential reference for who looks for detailed information on Europe IT Spending in Automotive. The report covers data on Europe markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Europe major vendors¡¯ information. In addition to the data part, the report also provides overview of IT Spending in Automotive, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

IT SpendingAutomotive Market aims to provide a comprehensive presentation of the Europe IT Spending in Automotive, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding IT Spending in Automotive. IT SpendingAutomotive Market contains market size and forecasts of IT Spending in Automotive in Europe, including the following market information:

We surveyed the IT Spending in Automotive manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

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Total Market by Segment:

by Country

• Germany
• United Kingdom
• France
• Italy
• Spain
• Netherlands
• Belgium

by Products type:

• IT Hardware
• IT Software
• IT Services

by Application:

• Automotive OEMs
• Automotive Dealers

key players include: (At least 8-10 companies included)

• SAP SE
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• DXC Technology
• Infosys Limited
• Capgemini SE
• Accenture PLC
• Tata Consultancy Services Limited
• Wipro Limited
• Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

• Key companies IT Spending in Automotive revenues in Europe market, 2019-2024 (Estimated), ($ millions)
• Key companies IT Spending in Automotive revenues share in Europe market, 2023 (%)
• Key companies IT Spending in Automotive sales in Europe market, 2019-2024 (Estimated),
• Key companies IT Spending in Automotive sales share in Europe market, 2023 (%)

FAQs on the Europe IT Spending in Automotive Market (2024-2030)

1. What is the market size of the Europe IT Spending in Automotive industry in 2024?

• The Europe IT Spending in Automotive market was valued at USD 15.6 billion in 2024.

2. What is the projected market size by 2030?

• The market is expected to grow to USD 28.4 billion by 2030, driven by digital transformation, autonomous driving, and connected vehicle technologies.

3. What is the expected CAGR during the forecast period?

• The market is projected to expand at a CAGR of 10.5% from 2024 to 2030.

4. What are the key drivers of IT spending in the automotive sector?

• Rise in Connected Vehicles – Increasing adoption of IoT and cloud computing.

• Shift Toward Software-Defined Vehicles – Higher investments in embedded software and AI.

• Autonomous & Electric Vehicles Growth – Demand for IT solutions in vehicle automation.

• Cybersecurity & Data Analytics – Need for secure and intelligent vehicle operations.

• Digital Transformation in Manufacturing – Implementation of smart factories and Industry 4.0.

5. What are the major segments of IT spending in the automotive industry?

• Cloud Computing & Data Analytics – Essential for vehicle connectivity and autonomous driving.

• AI & Machine Learning – Enhancing predictive maintenance and driver assistance systems.

• Cybersecurity Solutions – Protecting vehicle networks from cyber threats.

• Enterprise Software & ERP Systems – Improving efficiency in automotive production.

• IoT & Telematics – Enabling real-time vehicle tracking and remote diagnostics.

Key Points of this Report:

• The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
• The report covers Europe and country-wise market of IT Spending in Automotive
• It describes present situation, historical background and future forecast
• Comprehensive data showing IT Spending in Automotive capacities, production, consumption, trade statistics, and prices in the recent years are provided
• The report indicates a wealth of information on IT Spending in Automotive manufacturers
• IT Spending in Automotive forecast for next five years, including market volumes and prices is also provided
• Raw Material Supply and Downstream Consumer Information is also included
• Any other user's requirements which is feasible for us

Reasons to Purchase this Report:

• Analyzing the outlook of the market with the recent trends and SWOT analysis
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
• Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
• Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
• Distribution Channel sales Analysis by Value
• Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• 1-year analyst support, along with the data support in excel format.