Connected Car Ecosystem Market 2020
The need to integrate an increasing level of technology in automobiles is driving the connected car ecosystem market substantially. The development of innovative sensors and technologies is expected to enhance the expansion of the connected car ecosystem market further. The availability of internet in the car has also aided the development of an integrated car ecosystem experience. Moreover, the need for the key factors of safety and comfort are driving the connected car ecosystem market around the world. Amazon has reportedly made recently to increase its presence in the emerging ecosystem of connected cars and trucks along with the popular and vital area of voice-activated commerce, where Amazon’s Alexa is entangled in severe competition with related technology from Google and others. Amazon is pitching automakers to incorporate the voice-activated digital assistant into their entertainment systems. Particularly, through the use of a device called the Echo Auto, which is the considered most observable factor of Amazon’s goal to make Alexa more widely available.
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The Key Players in Connected Car Ecosystem are-
Audi AG,
Nokia Corporation
Fiat Chrysler Group
AT&T Inc
General Motor Company
Volkswagen Group
BMW AG
Ford Motor Company
Toyota Motor Corporation
Tesla Motors, Inc.
Airbiquity, Inc.
Alibaba Group
Mckinsey & Company
Harman International, Inc.
Samsung Electronics Co. Ltd.
Tech-Mahindra Ltd.
Microsoft Corporation
Oracle Corporation
Infosys Ltd
Daimler AG
Blackberry Ltd.
Abalta Technologies, Inc.
NXP Semiconductor N.V.
Sierra Wireless
Verizon Telematics Inc.
Avago Technologies Ltd.
Continental Corporation AG
Denso Corporation
Nissan Motor Corporation Ltd
SK Telecom Co. Ltd.
The call for constant connectivity, a mounting number of tech-savvy people, escalating demand from the customers, and increasing dependency on technology is further fuelling the connected car ecosystem market. The development of the resources available to the leading players in the market is expected to motivate the market for connected car ecosystems further. To that end, IBM Japan Co., Ltd has allied forces with the AECC, which is a non-profit consortium of cross-industry players functioning to drive top practices for the imminent vehicle and computing union. IBM Japan is expected to work together with AECC members to assess the job being carried out by communication, cloud and other connected technology-based standards bodies and technology society to guarantee that innovative technologies and standards meet the future requirements of the connected vehicle ecosystem. IBM will add proficiency to a range of cloud services’ domains to improve the services and infrastructure of the connected vehicle ecosystem.
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The segmentation of the connected car ecosystem market is carried out on the basis of connectivity, application, and region. Based on connectivity, the connected car ecosystem market is segmented into tethered, embedded, and integrated. Based on application, the connected car ecosystem market is segmented into telematics, infotainment, vehicle management, navigation & location services, driver assistance & autonomous driving. On the basis of region, the connected car ecosystem market is segmented into North America, Europe, Asia Pacific, and Middle East & Africa.
The regional outlook of the market observes that the Asia-Pacific region is the fastest-growing due to the presence of growing economies such as Japan, China, and India, where the demand for the connected car is expected to be strong in the imminent years. However, returns in the North American region are expected to increase in the Middle East and African, which would generate further revenue streams for the region. The notable contenders in the connected car ecosystem market are Nokia Corporation, Fiat Chrysler Group, AT&T Inc, Continental Corporation AG, Audi AG, Volkswagen Group, BMW AG, General Motor Company, Denso Corporation, Toyota Motor Corporation, Ford Motor Company, Airbiquity, Inc., Alibaba Group, Mckinsey & Company, Harman International, Inc., Tesla Motors, Inc., Samsung Electronics Co. Ltd., Microsoft Corporation, Oracle Corporation, Infosys Ltd, Daimler AG, Abalta Technologies, Inc., SK Telecom Co. Ltd. among others.
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