Showing posts with label Car Market. Show all posts
Showing posts with label Car Market. Show all posts

Tuesday, 9 February 2016

Connected Cars Market is Expected To Reach $141 Billion, Globally, By 2020

PRNewswire/ -- According to a new report by Allied Market Research, titled "Global Connected Cars Market (Technology, Connectivity Solutions, Application, Products & Services and Geography) -Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020", the global connected cars market is forecast to reach $141 Billion by 2020, growing at a CAGR of 32.7% during the period (2014 - 2020). Integrated connectivity solutions segment is expected to emerge as a preferred connectivity solutions for connected cars, surpassing embedded connectivity solutions segment in 2016. North America currently garners major market share and would maintain the position throughout the forecast period.