How Software will Redefine the Automotive Industry
The world is rapidly inclining towards digital technology, and diverse industries are already adopting it to deliver unparalleled customer experiences. Applications and software have brought ease into people’s lives, and business owners take total leverage to boost their business growth.
The automotive vertical is among such industries witnessing fundamental changes and is embarking upon a period of significant growth and peak innovations. Custom software development services with the integration of new technologies are becoming the new game-changers, empowering the automobile sector to deliver top-notch customer services, boost productivity, and improve efficiency.
According to IMARC Forecast, the global market of software for the automotive industry is expected to reach a value of USD 41.76 billion by 2027 at a CAGR of 18.50%.
The future will change what, where, and how we design and develop software for the automotive industry. A new set of best practices will be followed across different stages of software development for the automotive industry. Below is the reference to the new software operating model that will be followed across dimensions.
Pivoting to the future
The radical change in the automotive landscape signifies the importance of software development for the industry. Now, let’s understand how the software for the automotive industry will dominate in the future:
- Connected car technology
One of the significant trends shaping the future of cars is internet connectivity in vehicles. Modern vehicles are equipped with various sensors, gauges, and microchips. IoT integration will dominate automobiles as the cars will communicate with other devices connected to the internet inside or outside the vehicle.
Connected car technology will be able to execute a myriad of tasks like timelier vehicle maintenance, fewer malfunctions, accident detection, virtual mechanic, vehicle location, and driving behavior report generation.
2. Automotive cloud solutions
Software at the automobile’s technology core brings the need for frequent updates, and it can be a challenge for vehicle users with an increasingly busy lifestyle. At this specific point, the automotive cloud solutions will rule the future by delivering software updates over wireless cloud networks.
It will relieve car owners to visit an authorized garage every time a new update comes. If a vehicle is connected to a cloud, keeping the software updated through its complete service cycle is possible in a super-easy way. Also, cloud solutions will expand the vehicle’s capabilities due to the computing power of remote servers for data exchange, aggregation, and processing.
3. Autonomous driving
The concept of self-driving cars is found in various fiction stories; however, it will be a reality in the near future. Autonomous vehicles will crucially impact the market and people’s behavior towards automobile usage, and this trend is expected to impact the economy in the most positive ways, directly and indirectly.
Autonomous vehicles in the future will give rise to MaaS aka Mobility as a service trend. It will instigate the transition from owned cars to availing cars based on a service model, saving a lot of money of people from investing in owning personal vehicles.
On-demand vehicle service providers will launch new services of availing self-driving cars and users can hire as per their needs. In simple terms, Mobility as a service can be considered a super-advanced level of today’s car renting or shared car services.
Currently, Tesla is working to deliver autonomous cars and is targeting by 2024 for mass production of its robotaxi fleet. Similarly, other automobile organizations will step in to increase their user base and target the audience in the most effective ways.
As per statista, it is projected that the global autonomous car market will reach USD 37.22 billion by 2023.
Benefits of software in the automotive industry
The software solutions for the automotive industry bring ample benefits like automating the processes at different levels, from authorized auto shops to manufacturing to sales. Now, let’s understand what benefits software brings to the automotive industry.
- Digital inspections
Inspecting vehicles consume ample time, but it becomes super easy, convenient, and rapid with Artificial Intelligence integration. Digital inspections help maintain the checklist and instantly notify the customers at each stage. Approvals become fast, and the workload is decreased to a minimum.
- Easy booking of vehicle appointments
Auto shops find it difficult to manage the customers and their demands significantly when understaffed. It is where vehicle appointments software is helping the most. You can find a free slot to book your vehicle for a garage visit like a doctor’s appointment.
It helps eradicate the issue of understaffing, and dedicated staff members provide better timely services to every vehicle.
- Easy job scheduling
Due to manual processes in the auto shops, it is impossible to keep track of cars coming in and the number of services the team provides, especially during the hectic peak hours. An automotive software company offers excellent solutions for your overall auto shop requirements. With automotive software, every process is automated, from scheduling easy appointments to easy job scheduling to storing all relevant client information.
It is imperative to understand that software is going to lead the way for the automobile industry to deliver a unique user experience and achieve a higher rate of customer satisfaction in the future. With technology like IoT, AI, Big Data, and Cloud computing- the automotive industry will thrive and create many new business opportunities for organizations.