Global Automotive Service Delivery Platform (SDP) Market Size will Reach $2425.09 Million in 2023

Global Automotive Service Delivery Platform (SDP) Market Overview

According to Global Market Monitor, the global automotive service delivery platform (SDP) market size will reach $2425.09 million in 2023 with a CAGR of 9.23% from 2023 to 2028.

An automotive service delivery platform (SDP) is a collection of core services, third-party services, and management features, and it is fully integrated with vehicle systems.This system's content and data service providers can supply automakers and drivers with various accurate, context-based, and relevant services, including real-time traffic and location-based services, shopping, parking, streaming audio, and live news.

China SDP Market Has Great Market Potential.

With the launch of China's Ministry of Industry and Information Technology's plans for connected cars and autonomous driving, the industry has obvious expectations for the market potential of connected cars and autonomous driving. The entire market is facing huge market opportunities. From communication modules and TSP, CMP/DMP to operators and vehicle manufacturers, including professional OTA service providers who provide upgrades and maintenance for vehicle digital operations, they all look forward to the prospects of the industry. China automotive service delivery platform (SDP) market has great potential.

Market Drivers and Restraints

With the further expansion of new energy vehicles and intelligent network-connected vehicles, the number of OTAs will gradually increase. The Internet of Vehicles has entered a fast-growing node. Self-driving has strong demands for OTA and only the networking construction of smart cars has brought more and more comprehensive requirements to the OTA industry. The increasing demand for OTAs will drive the development of the automotive service delivery platform (SDP).

Despite the rapid development of the Internet of Vehicles, there are still significant differences from the development of the mobile Internet. The threshold and research and development costs of automotive products are too high. The pace of the connected car industry may not be the same as the Internet. It has its industry system such as long product iteration cycles, as well as high trial and error costs, imposing stricter requirements on companies who need to be solid laying a solid foundation for business. At the same time, automotive products must also have certain stability and vitality, and cannot be eliminated by rapid iteration.

Drivers	The further expansion of the number of new energy vehicles and intelligent network-connected vehicles
	Police support
Restraints	There are still significant differences between the development of the mobile Internet and to Internet of Vehicles.
	Long product iteration cycles and high trial and error costs
	Intelligence cannot be achieved overnight.