ALBANY, New York, Feb 01, 2016: MarketResearchReports.biz has recently made an announcement regarding the addition of a new market research report to its comprehensive collection of research studies. The research report, titled “Global Connected Car M2M Connections and Services Market 2016-2020”, provides an in-depth analysis of the global market for connected car M2M connections and services including a market overview, market drivers and restraints, opportunities and challenges, current market trends, product segmentation, geographical segmentation, and the competitive landscape of the market.
According to the research report, the global market for connected car M2M services is projected to exhibit a remarkable 30% CAGR between 2016 and 2020, whereas the global market for connected car M2M connections is estimated to register a progressive 28% CAGR between 2016 and 2020. The research report has taken help of infographics, tables, and charts to present the historical data and forecast figures of the global market for connected car M2M connections and services. It has also included inputs and recommendations from professionals and industry experts to guide new and existing market players in formulating their business policies.
The growing awareness regarding the security and safety of drivers is the major factor that is expected to boost the demand for connected car M2M connections and services throughout the forecast period. On the other hand, the distraction caused by infotainment services is the key factor expected to hamper the growth of the market in the next few years. The concept of autonomous cars (robotic, self-driving, or driverless car) is a rising trend in the global connected car M2M connections and services market and is expected to boost demand from the market across the globe.
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Connected cars are an innovative concept gaining popularity in recent years. These cars are equipped with wireless and internet services, which help in forming a connection among the cars themselves as well as between the user’s electronic devices and the car’s electronic interface. M2M connections are formed between two mechanical or electronic devices for the purpose of automated data transmission. Thus, a connected car M2M connection comprises automated wireless data transmission between a car and another vehicle, enterprises, third-party service provider, an OEM, or other internet-capable devices. The research report has calculated the market share and estimates by analyzing the revenue generation from various segments such as infotainment, telematics, and navigation, in-vehicle, telematics, telecom services, hardware, platforms, data analytics, automotive apps, OEMs, and aftermarket services.
The research report further covers the competitive landscape of the global connected car M2M connections and services market including the company overview, financial overview, business strategies, product portfolio, mergers and acquisitions, SWOT analysis, and recent developments of the key players. Some of the major players operating in the market are Verizon Telematics, Gemalto, General Motors, BMW, and Sierra Wireless. The major telecommunication service providers mentioned in the research report include Sprint, China Mobile, Bell Mobility, Vodafone, Deutsche TeleKom, Telefonica, and Orange.
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