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Connected Car M2M Services Market in Western Europe to Grow at a CAGR of 26.38% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Connected Car M2M Connections and Services Market in WE 2016 - 2020” research report to their website www.MarketResearchReports.com

 

Lewes, DE -- (SBWIRE) -- 01/27/2016 -- Report forecast the connected car M2M services market in Western Europe to grow at a CAGR of 26.38% during the period 2016-2020.

Connected cars enable drivers to connect with online platforms and obtain real-time communication such as real-time traffic updates during travel. Different factors such as rising demand for constant connectivity, increased dependence on technology, and the growing number of tech-savvy customers have fueled the growth of the connected car M2M connections and services market.

The report covers the present scenario and the growth prospects of the connected car machine-to-machine (M2M) connections and services market in Western Europe for 2016-2020. To calculate the market size, the report considers the revenue generated from OEM and aftermarket equipment.

The market is divided into the following segments based on application:
- Driver assistance
- Safety and security
- Infotainment
- Vehicle management
- On-drive management
- Other services

According to the report, connected cars have safety and security features that help in early detection of critical situations, thereby alerting the driver through appropriate alerts/notifications. In the automotive industry, IoT enables effective communication during an emergency.

Further, the report states that issues with security and network integration hinders the market growth.

Connected Car M2M Connections and Services Market in WE 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 WE: Audi, BMW, Gemalto, General Motors and Deutsche TeleKom.

Other Prominent Vendors in the market are: Delphi Automotive, Ford Motors, IBM, Intelligent Mechatronic Systems (IMS), Mercedes-Benz Connect, Parrot Automotive, PSA Peugeot Citro├źn, Qualcomm, Sierra Wireless, Tech Mahindra, Toyota Motors, Volkswagen, and Wipro.

Key vendors
- Audi
- BMW
- Gemalto
- General Motors
- Deutsche TeleKom

Market driver
- Enhanced safety and security features
- For a full, detailed list, view our report

Market challenge
- Issues with security and network integration
- For a full, detailed list, view our report

Market trend
- Smart parking with embedded sensors
- 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 60 pages and 30 Exhibit "Connected Car M2M Connections and Services Market in WE 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by application, Market segmentation by shipment units, Market segmentation by usage, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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

Find all IT Services report at : http://www.marketresearchreports.com/it-services

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