Connected VehicleMarket Report

Connected car ecosystem market estimated to grow at a CAGR of +21% during 2017-2021

According to a report by ResearchNReports  connected car ecosystem market will make a huge Impact in near future with growing at a CAGR of +21% during the 2017-21.

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Other observations of the reports are:

  • The growing proliferation of embedded in-vehicle connectivity and smartphone integration platforms has made connected cars one of the fastest growing segments of the IoT (Internet of Things) market.
  • Keen to establish recurring post-sale service revenue streams, all major automotive OEMs are investing in connected car programs. Other ecosystem players, such as mobile operators and telematics specialists, are also vying to gain a larger share of the opportunity.
  • Many mobile operators have expanded beyond their traditional role as connectivity providers, to offer end-to-end connected car platforms directly to automotive OEMs and aftermarket suppliers.
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