Skip to main content

Growth of global connected car M2M connections and services market

The latest research by ReportsnReports.com, Global Connected Car M2M Connections and Services Market indicates that big data analytics and smart phone apps will foster the growth of the global connected car M2M connections and services market, which will see a 32 per cent CAGR for 2014-2019. According to the report, many big data analytic and automobile companies are joining forces with smart app providers to form partnerships to better understand vehicle performance and automotive businesses. Smart apps
December 17, 2014 Read time: 3 mins
The latest research by ReportsnReports.com, Global Connected Car M2M Connections and Services Market indicates that big data analytics and smart phone apps will foster the growth of the global connected car M2M connections and services market, which will see a 32 per cent CAGR for 2014-2019.

According to the report, many big data analytic and automobile companies are joining forces with smart app providers to form partnerships to better understand vehicle performance and automotive businesses. Smart apps enable drivers to connect their smartphones with vehicles' internet access and operate various functions like remotely control home appliances, track vehicle location and infotainment services.

Big data analytics is facilitating automobile companies to easily connect with their customers and improve brand loyalty and efficiency. Additionally, many technology companies are forming new alliances and partnerships with chip manufacturers and OEM suppliers to understand their business models and operating methods. Google forms strategic alliances with several OEM and chip suppliers to form an open automotive alliance and provide android platform to cars. A connected car has a device present inside an automobile that is connected to other devices in the car or network or services outside. An M2M connection refers to the connections established between two electronic or mechanical devices for automated data transmission. A connected car M2M connection refers to automated wireless data transmission between two cars, the car and OEMs, car and third-party service providers, car and enterprises, car and internet capable devices, or car and infrastructure. A user uses the connected car M2M services for navigati
on, infotainment, tracking stolen vehicles, telematics, road-side assistance, video transmission, and making automated calls during emergencies such as accidents, malfunctioning of devices, fuel leakage, and fire. The user can check the performance of the vehicle with the help of connected car M2M connections and services.

The Global Connected Car M2M Connections and Services market can be segmented into two segments: Connected Car M2M Connections and Connected Car M2M services. To calculate the number of connected car M2M connections, the report considers the connections that use shared car management, insurance, navigation, entertainment and web access, emergency service, security tracking, and vehicle platform applications. The report is restricted to revenue generating from high-end vehicles, which support connected car M2M connection and connected car M2M services. The geographical segmentation of the market is based on revenue from services only.

The Global Connected Car M2M Connections and Services market 2015-2019 research report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas the APAC region and the EMEA region; it also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.

Related Content

  • New approach to data handling aids development of smarter cities
    January 11, 2013
    David Crawford has been to the Irish capital to see a potent memorandum of understanding at work. An imaginative collaboration between the world’s largest IT company and one of Europe’s smaller capital cities is demonstrating a new approach to data handling that could have far reaching implications for urban public transport worldwide. A close working relationship between IBM and Dublin City Council (DCC) dates from 2010. The IT giant was looking for a local transport authority as partner for testing IBM’s
  • New approach to data handling aids development of smarter cities
    January 11, 2013
    David Crawford has been to the Irish capital to see a potent memorandum of understanding at work. An imaginative collaboration between the world’s largest IT company and one of Europe’s smaller capital cities is demonstrating a new approach to data handling that could have far reaching implications for urban public transport worldwide. A close working relationship between IBM and Dublin City Council (DCC) dates from 2010. The IT giant was looking for a local transport authority as partner for testing IBM’s
  • Automotive AI market predicted to grow by nearly 40 per cent by 2025
    August 30, 2017
    According to the new market research report from MarketsandMarkets, the automotive artificial intelligence (AI) market is expected to be valued at USD 782.9 Million in 2017 and is expected to reach US$10,573.3 million by 2025, at a CAGR of 38.46 per cent between 2017 and 2025. The report indicates that emergence of autonomous vehicle and industry-wide standards such as the adaptive cruise control (ACC), blind spot alert and advanced driver assistance systems (ADAS) would trigger the growth of the automotive
  • Popularity of semi-autonomous vehicles helping to drive the LiDAR sensor market, say researchers
    June 9, 2017
    Research published by MarketsandMarkets predicts that the LiDAR sensor automotive market is expected to grow from an estimated US$735 million in 2025 to a projected US$2,557 million by 2030, at a CAGR of 28.32 per cent during the forecast period.