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Global IoT in Automotive Market Expected to Grow at CAGR over 28% during 2018-2025: BlueWeave Consulting

Global IoT in Automotive Market Expected to Grow at CAGR over 28% during 2018-2025: BlueWeave Consulting

 

 
According to a new market report published by BlueWeave Consulting, the Global IoT in Automotive market will expand at a CAGR over 28% from 2018 to 2025. According to the report, North America holds the major market in terms of revenue to the Global IoT in Automotive market in 2017.

Growing consumer demand for better software and connectivity features embedded into their infotainment systems will drive the Global IoT in Automotive market.

Request for Sample Copy of Study Report on IoT in Automotive Market: https://bit.ly/2FnyA3x

Consumers are looking for better infotainment system in car, demanding smart apps to enjoy in-car navigation, telematics, and entertainment. IoT helps customers to solve the problems regarding poor fleet management by offering better analytics and control such as fuel consumption, monitoring idling, travel conditions and travel time which is gaining consumer’s interest. Increasing concern towards safety and security of the passengers and growth in automobile industry will further promote IoT growth. Further, collaboration and partnership among several industry players in the market and development of 5G technology hold huge opportunity for the growth of global IoT Automotive market.

Global IoT in Automotive Market: Scope of the Report

The Global IoT in Automotive market is segmented on the basis of offering, connecting form factor, communication type, and application industry. On the basis of offering, the market is segmented into hardware, software, and Service. Based on application, the market is segmented into navigation, telematics, and infotainment. The market is further segmented as communication type In-Vehicle, Vehicle-to-Vehicle and Vehicle-to- Infrastructure. By connecting form factor market is segmented based on embedded, tethered and integrated. On the basis of region, the market is segmented into five parts namely North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

Global IoT in Automotive Market: Competitive Dynamics

Companies such as Texas Instruments Inc., Audi AG, FORD MOTOR COMPANY, APPLE INC., CISCO SYSTEMS INC, etc are the key players in manufacturing IoT in Automotive systems. The companies are highly investing on deployment of new technology which is intensifying the rivalry among manufactures.

Get Complete Table of Content Having Unique Analysis on Several Factors:
https://bit.ly/2SVXlYl

Global IoT in Automotive Market: Key Offering Analysis
IoT in Automotive is segmented in offering which includes hardware, Software, Service

• Hardware is a combination of network persistence, embedded technologies, and cloud that allows physically connected computing systems to deliver innovative new services. Therefore, the IoT employs technologies to enable automotive interactivity and automation. By adding hardware accessories to automotive vehicle, one can go beyond basic GPS tracking and bring lots of value, at very little upfront set-up time.

• Software in self-driving cars will be 90% will be a mix of apps, software platform, and AI, where as hardware are 10% of the IoT automotive

Browse Full Study Report on Global IoT in Automotive Market: https://bit.ly/2CrytAL

About Us

BlueWeave Consulting is a one-stop solution for market intelligence regarding various products and services online & offline. We offer worldwide market research reports by analyzing both qualitative and quantitative data to boost up the performance of your business solution. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients. We are one of the promising digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.

Contact Us:

Email: info@blueweaveconsulting.com

Website: www.blueweaveconsulting.com

Phone: +1 8666586826


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