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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.
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