Published Date : Jun 20, 2016
ALBANY, NY, June 20, 2016: MarketResearchReports.biz has added a new research document to its database on the global ICT sector. The report is titled “Connected Car M2M Connections and Services Market in SEA 2016-2020,” and is highly regarded by market analysts and experts. The report documents the recent developments in this market and uses time-tested research methodologies to simulate the forecast for the same, till 2020.
According to the report, the SEA connected car M2M connections and services market is expected to expand at a 34.27% CAGR within a forecast period from 2016 to 2020. The key driver of this market for the forecast period is the high rate of awareness among users, regarding the security and safety issues that have surrounded the market to date. Users are increasingly becoming aware of faults and issues in the SEA connected car M2M connections and services, thereby increasing the demand for enhanced products and verifications.
However, the SEA connected car M2M connections and services market is still being stymied by the high expenses related to the services and equipment. There could be a solution in the form of a recent trend noticed in the market, which is the increasing implementation and deployment of V2X tech in automobiles. Their implementation is expected to make cars safer for automatic control, adding to the advantages offered in M2M services and connections.
The SEA connected car M2M connections and services market is presented in the report through its current standing and how each trend will form out in the future. To do so, the report calculates the overall size of the market, by taking into account only the aftermarket equipment and OEM revenue generated from services.
The report does not calculate the size of the market using the sales figures of connected cars, and the hardware revenue generated by OEMs. It incorporates the per year service revenue generated by players such as Audi Connect, without considering installation and cost of a module or device.
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Other sections that the report does continue covering include driver assistance and safety based revenue, vehicle management, automotive applications, data analytics, and insurance-based telematics.
The report provides a detailed look at the SEA connected car M2M connections and services market through a regionally segmented view. It provides separate analyses for the market in the nations of Vietnam, Singapore, the Philippines, Thailand, Indonesia, and Malaysia.
The key players in the SEA connected car M2M connections and services market, as explained in the report, are Toyota, Singtel, Ford, Delphi, BMW, and Audi Connect. Other prominent vendors mentioned in the report include Zubie, TomTom, Viper, Sony, Volvo, Oracle, Tech Mahindra, Microsoft, Tesla Motors, Tata Consultancy Services, Nokia, Intel, IBM, Garmin, Google, Ericsson, and AT&T.
The report thus provides a documented guideline for developing in the SEA connected car M2M connections and services market, which is still expanding at a significant rate.
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