Market Overview:
The global connected car information technology services market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth of the market can be attributed to the increasing demand for connected cars and rising need for data storage, data retrieval, data transmission, and data manipulation services. The passenger cars segment is expected to hold the largest share of the global connected car information technology services market in 2018. However, the commercial cars segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030. North America is expected to hold the largest share of the global connected car information technology services market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
A Connected Car is a car that is equipped with internet access and a variety of sensors, allowing it to send and receive data. This data can be used for a variety of purposes, such as navigation, traffic information, safety features, and vehicle diagnostics. Connected Cars are important because they allow drivers to have more control over their vehicles and the driving experience. Additionally, they can help drivers save money on fuel costs and improve safety on the road.
Data Storage:
Data storage is the process of keeping records, either digital or analog, which are to be used for future reference. The connected car information technology services market is expected to witness significant growth over the forecast period owing to increasing demand for infotainment and telematics solutions in automobiles.
The growing use of mobile devices such as smartphones.
Data Retrieval:
Data retrieval is the process of searching for information in large volumes of data with the help of computer programs. In connected car information technology services market, data retrieval is used to obtain vehicle and driver related information such as driving habits, fuel consumption, traffic conditions etc. This technology helps in enhancing user experience by providing access to desired content across various devices via applications.
The major challenge faced by the industry is lack of awareness about its benefits among automobile manufacturers and service providers.
Application Insights:
The passenger cars segment dominated the global connected car information technology services market in 2017. The growing number of smartphone users and rapid growth of the automotive industry are expected to drive demand for these services over the forecast period. For instance, according to e-commerce portal Amazon, approximately 1 Crore smartphones were sold globally in 2017 which represented a growth of around 18% from 2016. Similarly, according to research firm GSM Association (GSMA), there were approximately 2 billion unique mobile subscribers worldwide as of end-2016 which represents a growth rate of around 14% from 2015 and is expected to reach 3 billion by 2020 thereby accounting for nearly 17% global subscriber base. These factors indicate that there will be huge potential for data storage & retrieval applications over the coming years followed by data transmission & manipulation applications across all major regions including North America, Europe, Asia Pacific and Latin America.
Regional Analysis:
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increasing investments in infrastructural development and technological advancements. The growing adoption of smartphones, along with high-speed internet services, has led to an increase in demand for car connectivity services. Moreover, the presence of major automobile manufacturers such as Toyota Motor Corporation; Honda Motor Co., Ltd.; Hyundai Mobis; and Tata Motors Limited will boost regional market growth.
North America held a substantial revenue share in 2017 owing to early technology adoption by prominent players such as Ford Motors Company and General Motors Company. In addition, stringent government regulations regarding vehicle safety are expected to drive demand for connected car information technology services across this region over the forecast period. Europe also accounted for a considerable revenue share due to early acceptance of these IT systems by prominent players including Volvo Car Corp.
Growth Factors:
- Increasing demand for connected car services from the automotive industry
- Proliferation of 4G and 5G networks that will enable faster data transmission speeds for connected cars
- Growing demand for in-vehicle infotainment systems and advanced driver assistance systems (ADAS)
- Rising number of autonomous vehicles on the road, which will require sophisticated information technology services to support them
- Emergence of new technologies such as blockchain and artificial intelligence that can be used in connected cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Connected Car Information Technology Services Market Research Report
By Type
Data Storage, Data Retrieval, Data Transmission, Data Manipulation
By Application
Passenger Cars, Commercial Cars
By Companies
Airbiquity, Cisco Jasper, Cloudmade, Covisint, Ericsson, Google, Harman, Inspur, Iotium, Microsoft Azure, Sierra Wireless
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Connected Car Information Technology Services Market Report Segments:
The global Connected Car Information Technology Services market is segmented on the basis of:
Types
Data Storage, Data Retrieval, Data Transmission, Data Manipulation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Cars
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airbiquity
- Cisco Jasper
- Cloudmade
- Covisint
- Ericsson
- Google
- Harman
- Inspur
- Iotium
- Microsoft Azure
- Sierra Wireless
Highlights of The Connected Car Information Technology Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Data Storage
- Data Retrieval
- Data Transmission
- Data Manipulation
- By Application:
- Passenger Cars
- Commercial Cars
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Connected Car Information Technology Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Connected Car Information Technology Services (CCITS) is a suite of services that helps automakers and suppliers manage data from connected cars. CCITS includes software, services, and infrastructure to help automakers collect data from vehicles, analyze the data, and make decisions based on the information.
Some of the key players operating in the connected car information technology services market are Airbiquity, Cisco Jasper, Cloudmade, Covisint, Ericsson, Google, Harman, Inspur, Iotium, Microsoft Azure, Sierra Wireless.
The connected car information technology services market is expected to grow at a compound annual growth rate of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Connected Car Information Technology Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Connected Car Information Technology Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Connected Car Information Technology Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Connected Car Information Technology Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Connected Car Information Technology Services Market Size & Forecast, 2018-2028
4.5.1 Connected Car Information Technology Services Market Size and Y-o-Y Growth
4.5.2 Connected Car Information Technology Services Market Absolute $ Opportunity
Chapter 5 Global Connected Car Information Technology Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Connected Car Information Technology Services Market Size Forecast by Type
5.2.1 Data Storage
5.2.2 Data Retrieval
5.2.3 Data Transmission
5.2.4 Data Manipulation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Connected Car Information Technology Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Connected Car Information Technology Services Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Connected Car Information Technology Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Connected Car Information Technology Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Connected Car Information Technology Services Analysis and Forecast
9.1 Introduction
9.2 North America Connected Car Information Technology Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Connected Car Information Technology Services Market Size Forecast by Type
9.6.1 Data Storage
9.6.2 Data Retrieval
9.6.3 Data Transmission
9.6.4 Data Manipulation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Connected Car Information Technology Services Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Cars
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Connected Car Information Technology Services Analysis and Forecast
10.1 Introduction
10.2 Europe Connected Car Information Technology Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Connected Car Information Technology Services Market Size Forecast by Type
10.6.1 Data Storage
10.6.2 Data Retrieval
10.6.3 Data Transmission
10.6.4 Data Manipulation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Connected Car Information Technology Services Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Cars
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Connected Car Information Technology Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Connected Car Information Technology Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Connected Car Information Technology Services Market Size Forecast by Type
11.6.1 Data Storage
11.6.2 Data Retrieval
11.6.3 Data Transmission
11.6.4 Data Manipulation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Connected Car Information Technology Services Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Cars
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Connected Car Information Technology Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Connected Car Information Technology Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Connected Car Information Technology Services Market Size Forecast by Type
12.6.1 Data Storage
12.6.2 Data Retrieval
12.6.3 Data Transmission
12.6.4 Data Manipulation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Connected Car Information Technology Services Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Cars
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Connected Car Information Technology Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Connected Car Information Technology Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Connected Car Information Technology Services Market Size Forecast by Type
13.6.1 Data Storage
13.6.2 Data Retrieval
13.6.3 Data Transmission
13.6.4 Data Manipulation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Connected Car Information Technology Services Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Cars
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Connected Car Information Technology Services Market: Competitive Dashboard
14.2 Global Connected Car Information Technology Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Airbiquity
14.3.2 Cisco Jasper
14.3.3 Cloudmade
14.3.4 Covisint
14.3.5 Ericsson
14.3.6 Google
14.3.7 Harman
14.3.8 Inspur
14.3.9 Iotium
14.3.10 Microsoft Azure
14.3.11 Sierra Wireless
