Friday, 19 December 2014

Integrated Connectivity opening doors for Connected Cars Market

Allied Market Research published a report titled “Connected Car Market (Technology, Connectivity Solutions, Product and services, Applications and Geography) - Size, Share, Global Trends, Company Profiles, Analysis, Segmentation and Forecast, 2013 – 2020.” The report offers incisive information on the connected cars market and evaluates numerous market dynamics such as market revenue trends, drivers and restraints.

The report forecast the connected cars market to attain amarket value of $141 Billion by 2020, with 32.7% CAGR during the 2014 - 2020.

Integrated connectivity segment would grow with the highest adoption during the estimated period. The use of an efficient network connection could convert a normal car into the connected car.  Integrated connectivity is one of the 3 commercial solutions that provides network connectivity in a car or a vehicle.

This Integrated connectivity works by integrating a smartphone with a human machine interface. The human machine interface is nothing but an in-built machine designed to facilitate interaction between humans and the machine. The work and efficiency of the integrated connectivity solution entirely depends on the in-built applications, namely SDK (software development kit) and API’s (Application Programming Interface).

“Consumers today, require constant internet access and largely prefer connectivity solutions, which can function and network through their personal mobile devices. This encourages the automobile manufacturers to develop the very best solutions in regards to integrated connectivity.  These connectivity devices may differ from user to user in the form of hardware or the application platform used,” states AMR analyst.

“In regards to this scenario, there is an impending need for the manufacturers to develop a universal solution that is compatible with all the connectivity devices, commonly.  Technological advancements in mobile computing, cloud computing, and multimedia connectivity, should pave way for the rise and growth of the connected cars market,” adds the analyst.