Internet of Vehicle Market to reach USD 655.8 billion by 2025


Posted December 24, 2018 by snehaaark

Global Internet of Vehicle Market valued approximately USD 49.9 billion in 2017 is anticipated to grow with a healthy growth rate of more than 33.13% over the forecast period 2018-2025. 

 
The major driving factor of global Internet of Vehicle Market are rise in trends of vehicle tracking & safety and surging adoption of Internet of Things.Increasing demand for GID processor is on rise due to the security of vehicle is also a major driving factor of Internet of vehicle market.

Internet of things (IoT) is a worldwide network connecting all the smarts object together. It is the way in which all things are enabled to talk with each other’s. Whenever those smart things are connected over internet are restricted to only vehicles, then it is called as Internet-of-Vehicles. With increasing urban population and rapidly expanding cities, vehicle ownership has been increasing at an exponential rate. The Internet-of-vehicle helps us to connect the nearby vehicle or the other traffic infrastructure utilizing a wireless network. Internet-of-Vehicles also provide safety to the users. It helps the user to locate the vehicle as well as ones around.

Major Market player of Global Internet of Vehicle Market:
Ford Motor Company
Texas Instrument Inc
Audi AG
Intel Corporatio
SAP
NXP Semiconductors N.V.
Apple Inc.
Google Inc.
IBM Corporation
Cisco Systems Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.

Major Regions of Global Internet of Vehicle Market:
North America
Europe
Asia Pacific
Latin America
Rest of the world

Target Audience of the Global Internet of Vehicle Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

For details visit link: https://www.aarkstore.com/automotive/1000324/global-internet-of-vehicle-market-size-study-by-component-hardware-software-services-by-technology-wi-fi-bluetooth-nfc-cellular-others-by-communication-type-vehicle-to-vehicle-vehicle-to-infrastructure-others-and-regional-forecasts

Category: Business Services Market Research
Aarkstore Enterprise
+91 9987295242 | [email protected] | aarkstore.com
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Last Updated December 24, 2018