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IoT in Automotive Market Next Big Thing | Major Giants Cisco, Ford, IBM

IoT in Automotive Market

IoT in Automotive Market

Latest Study on Industrial Growth of Europe IoT in Automotive Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the IoT in Automotive market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

The Major Players Covered in this Report: Cisco, Ford, IBM, Microsoft, AT&T, etc.

Click To get SAMPLE PDF of IoT in Automotive Market (Including Full TOC, Table & Figures) @ https://www.htfmarketreport.com/sample-report/3249761-europe-iot-in-automotive-market-1

The automotive industry is moving towards innovative connected self-driving vehicles with the help of Internet of Things (IoT) which is transforming the automotive industry. Europe is the second largest revenue generating geography for IoT in automotive market. Strong economic backbone and increased awareness of fuel efficiency and road safety are driving the adoption of IoT in the Europe automotive industry as it allows to monitor the driver’s behavior and provides real-time updates. European countries like Sweden, France, Italy, Germany, and Luxembourg have high IoT penetration in general and it is expected to drive the adoption of the technology in their respective automotive industries as well. According to Netscribes, the Europe IoT in automotive market is projected to grow at a compound annual growth rate (CAGR) of 26.62% leading to a revenue of USD 30.09 Bn by 2023.
Read Detailed Index of full Research Study at @ https://www.htfmarketreport.com/reports/3249761-europe-iot-in-automotive-market-1

Key growth factors
Rise in demand for intelligent management of fleet is expected to drive the IoT in automotive market in Europe to help comply with environmental regulations and reduce CO2 emissions by managing employee driving style. Fleet managing companies such as Telefonica are offering IoT enabled fleet management services via subscription model without an upfront fee in Europe to popularize the segment.
The Autopilot project which is funded by the European Union (EU) and conducted by ERTICO is working on combining the concept of IoT with automotive. The project started in January 2017 and the work is foreseen until the end of 2019. This is expected to heavily drive the market forward.
Buy Latest Edition of Market Study Now @ https://www.htfmarketreport.com/buy-now?format=1&report=3249761

Threats and key players
The IoT enabled connected car value chain is quite complex as different suppliers from different industries are involved in this business trend. Thus, cooperation between such suppliers is a pre-requisite for companies to achieve the full potential of this trend which might be a challenge in an already well developed automotive market in Europe.
Enquire for customization in Report @ https://www.htfmarketreport.com/enquiry-before-buy/3249761-europe-iot-in-automotive-market-1

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, MINT, BRICS, G7, Western / Eastern Europe or Southeast Asia. Also, we can serve you with customize research services as HTF MI holds a database repository that includes public organizations and Millions of Privately held companies with expertise across various Industry domains.

Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com

About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.

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