The global automotive industry experienced a 22% rise in company filings mentions of cloud in Q2 2023 compared with the previous quarter, with the highest share accounted for by Tata Motors with 650% year-on-year increase, according to GlobalData’s analysis of over 103 automotive company filings. The growing application of Cloud will prove to have a transformative impact on several key sectors. GlobalData’s cloud computing market report helps keep abreast of the latest trends in Cloud, market opportunity forecast and the competitive landscape. Buy the report here.
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Notably, cloud was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of big data and robotics, according to GlobalData.
Of the top leading companies in the automotive industry, Tata Motors had the greatest increase in references for cloud in Q2 2023, compared with the previous quarter. GlobalData identified 15 cloud-related sentences in the company's filings - 0.1% of all sentences - and an increase of 650% in Q2 2023 compared with Q2 2022. Didi Global’s mentions of cloud to 11 and Geely Automobile’s by 14% to 8 and Li Auto’s by 38% to 5 and Continental’s by 50% to 2.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for cloud in Q2 2023 was 100.
To further understand GlobalData's analysis on cloud computing market, buy the report here.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
