C&M: Global market for connected car M2M connections driven by increasing awareness and demand for safety and security
Global Connected Car M2M Connections and Services Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-20 14:49:04
The Global Connected Car M2M Connections and Services market is to grow at a CAGR of 28.45 percent over the period 2014-2018. One of the key factors contributing to this market growth is the increasing awareness and demand for safety and security of connected car M2M services. The Global Connected Car M2M Connections & Services market has also been witnessing the launch of LTE-based connected cars. However, the high cost of connected car M2M equipment and services could pose a challenge to the growth of this market.
As of July 2013, almost 200 LTE networks had been deployed across the world and another 90 new LTE networks were in the deployment phase. In addition, more than 25 countries are expected to auction their LTE networks by the end of 2015. Hence, the availability of LTE networks across the globe is expected to increase rapidly during the forecast period. Due to the increasing availability of high-speed LTE networks, many car manufacturers, connected car M2M platform developers, and telecom operators are developing partnerships to launch LTE-based connected cars over the next few years.
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