Press release
Global IoT Automotive Market Research and Forecast 2018-2023
IoT Automotive Market
According to the OMR analysis, the global IoT automotive market is growing at a significant rate during 2018-2023. The global IoT automotive market is showing a significant growth due to the increasing demand for smartphone features in cars. The global IoT automotive market is segmented on the basis of communication component, communication type, application and geography. The report provides detailed and insightful chapters on market overview, key findings, strategic recommendations, market estimations, market determinants, key company analysis, market insights, company profiling, market segmentation, geographical analysis and analyst insights.
Full report of global IoT automotive market is available at https://www.omrglobal.com/industry-reports/iot-automotive-market/
“A connected car is equipped with Internet access, and a wireless local area network (LAN). This enables the sharing of internet access by the car with other devices inside and outside the vehicle. The IoT has been proven to be beneficial for the car manufacturers by the introduction of completely new layers to the traditional concept of car. This concept has enabled driving and staying in touch with the world around simultaneously. The automotive industry with the connected cars has the potential to be leading in the IoT and fueling the adoption of IoT cloud services among car owners. The companies are making investment and raising fund in connected car technology that augments the growth of the global IoT automotive market. For an instance: Samsung Electronics in September 2017 raised a fund of $300 million for its Samsung Automotive Innovation Fund Project. The project is aimed at investing in safety, privacy and connectivity of connected cars.”
The market on the basis of geography is divided among four major regions – North America, APAC, Europe, and Rest of the world. North America is expected to be leading market and is projected to remain dominant during the forecast period. The increasing investment from a number of IoT players in the region is expected to enhance the growth of IoT automotive market in North America. Asia Pacific market is expected to expand with the highest CAGR amongst all the regions during the forecast period of 2018-2023.
The report covers:
Comprehensive research methodology of global IoT Automotive Market.
This report also includes detailed and extensive market overview with key analyst insights.
Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global IoT Automotive market.
Insights about market determinants which are stimulating the global IoT Automotive market.
Detailed and extensive market segments with regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.
For related reports please visit https://www.omrglobal.com/reports-category/ict-market/
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About Orion Market Research
Orion Market Research (OMR) a research company known for its crisp and concise reports. The company is equipped with an experienced team and young brigade of analysts. The company aims to provide business insights for decision making to the global clients and offers quality syndicated research reports, customized research reports, Company profiling, consulting and other research-based services. OMR provide global and regional market reports of various domains such as healthcare, energy, IT, chemicals, and automobiles. OMR provide a 360-degree view of the market with parametric analysis, key market insights, key findings, statistical forecasts, competitive landscape, extensive segmentation, key trends, strategic recommendations and detailed company profiles.
Contact us
Orion Market Research Pvt. Ltd.
Anurag Tiwari
Email: info@omrglobal.com, support@omrglobal.com
India: +91-780-304-0404, +91-917-982-8694
Global:+1-646-755-7667
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Web: www.omrglobal.com
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