"The
Report Global Connected Car M2M Connections Industry 2016, Trends and
Forecast Report provides information on pricing, market analysis,
shares, forecast, and company profiles for key industry participants.
- MarketResearchReports.biz"
The
new report added to MarketResearchReports.biz evaluates the present
scenario and growth prospects of the global connected car M2M
connections market. The report provides a summary of the market
landscape and key vendors and discusses the main drivers and
restraints of market growth. The report is titled ‘Global
Connected Car M2M Connections Industry 2016,
Trends and Forecast Report.’
For
security purposes and driver and passenger safety, many vehicle
owners are opting for connected car machine to machine (M2M)
services. Connected car M2M services support emergency services,
vehicle diagnostics, and assistance in vehicle theft tracking.
The
global connected car M2M connections market is driven by factors such
as increased dependency on technology, rising demand for constant
connectivity, and increase in the number of tech-savvy customers.
Smart parking is another development that is driving the market
growth. Smart parking proficiently reduces traffic congestion in
cities with high population density. These systems make use of
sensors that are deployed in the center of the parking area. Data
with respect to aspects such as the number of standby vehicles and
the number of vehicles in line to acquire parking space is gathered
from these sensors. On the down side, availability of infotainment
services inside the car can act as a major distraction for the
driver, which can lead to fatal accidents, thereby limiting the
growth of the market.
On
the basis of application, the market can be categorized into driver
assistance, security and safety, infotainment, vehicle management,
and insurance-based telematics. The safety and security segment
dominated the market and is expected to hold its position during the
forecast period as well. The key factor driving the segment is its
extensive usage in the automotive industry. Nowadays, every car comes
with inbuilt safety and security measures.
Another
developing factor is the demand for vehicle to vehicle (V2V)
communication technology, which will drive the market towards the
upward trajectory during the forecast period. Through V2V technology,
cars on the roads are able to automatically exchange relevant data
and information.
Geographically,
the market is segmented into North America, Asia Pacific, Europe,
Latin America, and the Middle East and Africa. North America has
accounted for a large share in the market and will continue to uphold
its position in the coming years due to rise in demand for in-car
infotainment services, awareness of safety and security services
among consumers, availability of high-speed wireless networks, and
increased usage of advanced applications to manage vehicles.
View Press Release @
http://www.marketresearchreports.biz/pressrelease/3874
The
leading players operating in the global connected car M2M connections
market include BMW, Gemalto, Verizon Telematics, Bell Mobility, China
Mobile, Deutsche TeleKom, Ericsson, KDDI, Orange, Sprint, Telenor,
Daihatsu, Daimler, Ford Motor, Sony, Toyota Motors, and Tesla Motors.
The market is highly competitive and the players are constantly
competing on the basis of quality, price, innovation, distribution,
service, promotion, and reputation. Presence of intense competition
among the vendors will multiply the number of acquisitions and
mergers in the long run.
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