Connected Car M2M Connections and Services Market in UK to Grow at 32.26% CAGR 2016-2020 owing to Rising Awareness about Security
MarketResearchReports.Biz presents this most up-to-date research on ” Connected Car M2M Connections and Services Market in UK 2016-2020 “
MarketResearchReports.biz has added a new research report on the UK connected car M2M connections and services market to its online repository. After highlighting the drivers, restraints, and opportunities, the report lists leading players in the market. The report, titled ‘Connected Car M2M Connections And Services Market In UK 2016-2020,’ states that the market is predicted to exhibit a 32.26% CAGR from 2016 to 2020. Even though the market is expected to be challenged by the high costs of connected car M2M connections and services, it will benefit from the deployment of V2X technologies in vehicles, predict the report’s authors.
The report defines the connected car ecosystem and further briefs readers about its applications across various industries. A connected car ecosystem comprises a system that connects various devices inside the car as well as other communication-capable machines outside the car. A connected car M2M connection indicates automatic wireless transmission of data between two vehicles, cars and OEMs, cars and enterprises, third-party service providers and cars, and cars and infrastructure. Connected car M2M connections and services are used for navigation, making automated calls, and video transmission, among other applications.
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A connected car M2M ecosystem comprises players including third-party application vendors, device manufacturers, platform providers, aftermarket telematics providers, telecommunications providers, and operating system providers. These players are expected to sign mergers and partnership contracts to offer superior car M2M services to customers at affordable prices, predict analysts. Such mergers will help new entrants introduce their new products in the market and incorporate new technologies in their products. With acquisitions, leading companies are predicted to maintain their dominance in the connected car M2M connections and services market in U.K.
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For a detailed study, the connected car M2M connections and services market in U.K. is segmented on the basis of application, usage, and shipment units. A connected car ecosystem permits drivers to easily access data about travel, route options, and possible costs. Vehicles can easily communicate with signals to avoid unnecessary stops, thus obtaining higher fuel efficiency. Connected car M2M services find application in safety and driving assistance, navigation services, diagnostics and maintenance, infotainment services, and others. The increasing application of connected car M2M connections and services will propel the market in the U.K.
Based on usage, the connected car M2M connections and services market in the U.K. is classified into connected car aftermarket services and OEM services.
The connected car M2M connections and services market is widespread in the U.K. and features many leading players. Audi Connect, BMW, British Telecom, Gemalto, GM, Delphi Automotive, Ford Motors, IBM, IMS, Mercedes-Benz Connect, Parrot Automotive, PSA Peugeot Citron, Qualcomm, Sierra Wireless, and Tech Mahindra are some of the leading companies operating in the connected car M2M connections and services market in the U.K.
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