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The Internet of Cars Market was valued at USD 90.40 billion in 2019and is expected to reach USD 211.29 billion by 2025, at a CAGR of 15.2% over the forecast period 2020- 2025.
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Companies Mentioned are:
Cisco Systems, Inc., IBM Corporation, Bosch Software Innovations GmbH., Waymo LLC (Alphabet Inc.), Tesla Motors. Inc., Infineon Technologies AG., Oracle Corporation, SAP SE, General Electric Company, Microsoft Corporation, Symantec Corporation
Scope of the Report
Internet of Cars architecture is the moving solution made up of IoT enabled cars through the application of advanced electronics such as sensors, GPS, entertainment systems, brakes and throttles along with the integration of the information to help maintain traffic flow, in order to perform more effective fleet management and accident avoidance. It is especially important for autonomous vehicles as they can instantly communicate with other cars around them. Instant communication allows notices of braking, changing lanes or turning and helps ensure smooth and safe transportation between autonomous vehicles.
Key Market Trends
Automotive Sector is Gaining Traction Due to Emergence of IoT Across the Transportation Platform
– Following the development of technology and emerging trends in IoT, Machine to Machine (M2M) and big data analytics, there has been a fast growth for IoT in the automotive sector. This exponentially growing trend of connected cars, along with other technologies, is driving the market on a large scale.
Regional Analysis For Internet of Cars Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Influence of the Internet of Cars market report:
-Comprehensive assessment of all opportunities and risk in the market.
– Internet of Cars market recent innovations and major events.
-Detailed study of business strategies for growth of the market-leading players.
-Conclusive study about the growth plot of Internet of Cars market for forthcoming years.
-In-depth understanding of market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the market.
Reasons to Purchase this report:
– The market estimate (ME) sheet in Excel format
– Report customization as per the client’s requirements
– 3 months of analyst support
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Free country Level analysis for any 5 countries of your choice.
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