Lewes, DE -- (SBWIRE) -- 06/17/2016 -- Report forecast the connected car M2M connections and services market in SEA to grow at a CAGR of 34.27% during the period 2016-2020.

Connected cars enables drivers to connect with online platforms and obtain real-time communication such as real-time traffic updates during travel. The connected car market has been fueled by factors such as rising demand for constant connectivity, increased dependency on technology, and the growing number of tech-savvy customers.

Over the years, various connectivity solutions have been developed by automotive manufacturers and service providers such as M2M connectivity platform. The M2M feature in a car enables interconnectivity between two vehicles. Innumerable sensors and processors are integrated into the car provide accurate and real-time information of the surrounding environment to the car driver.

The report covers the present scenario and the growth prospects of the connected car M2M connections and services market in SEA for 2016-2020. To calculate the market size, the report considers the following:

- Service revenue generated from OEMs and aftermarket equipment only. It does not include OEMs hardware revenue and connected car sales revenue ? the revenue includes the per year service revenue of Audi connect, and not the device or module cost installed on the Audi vehicle

- Revenue from safety and driver assistance, infotainment, vehicle management, insurance-based telematics, and others

- Data analytic services and automotive application

The market is divided into the following segments based on geography:
- Malaysia
- Indonesia
- Thailand
- Philippines
- Singapore
- Vietnam

According to the report, a key growth driver is safety and security awareness among drivers. Security and security features are highly improved in the connected car segment with the detection of critical situations before it happens and warning through appropriate alerts and notifications. The features include the ability to contact emergency services, the capability to track stolen vehicles, and vehicle diagnostics and directions. Over the forecast period, safety and security from hackers gaining access to cloud-connected vehicles is likely to emerge as a major concern among the drivers.

Further, the report states that one challenge that could hamper market growth is the high cost of connected car M2M equipment and services.

Connected Car M2M Connections and Services Market in SEA 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the connected car M2M connections and services market in SEA: Audi Connect, BMW, Delphi, Ford, Singtel, and Toyota.

Other Prominent Vendors in the market are: AT&T, BT, China Mobile, Datora Telecom, Deutsche Telekom, Ericsson, Everything Everywhere, KDDI, Orange, Sprint, Telefonica, Telenor, Vodacom, Vodafone, Airbiquity, Apple, Autonet Mobile, Axway, Broadcom, CalAmp, Daihatsu, Daimler, Garmin, Google, Harman International, HERE, Hyundai Motors, IBM, Intel, Intelligent Mechatronic Systems , Ituran, Luxoft Holdings, Mahindra, Masternaut, Microsoft, Nokia, Nuance Communications, OmniLink, Oracle, Porsche, Qualcomm, RACO Wireless, Selftrack, Sony, Tata Consultancy Services, Tech Mahindra, Telit Communications, Tesla Motors, TomTom, Transatel, Viper, Virdata, Volvo, Wireless Car, Zhejiang Geely, and Zubie.

Market driver
- Safety and security awareness among drivers
- For a full, detailed list, view our report

Market challenge
- High cost of connected car M2M equipment and services
- For a full, detailed list, view our report

Market trend
- Deployment of V2X technologies in vehicles
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 25 Exhibit "Connected Car M2M Connections and Services Market in SEA 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/connected-car-m2m-connections-and-services-market-sea-2016-2020

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