Automotive Connected Car Platform Market 2023-2027: Highlights … – The Auto Channel

Automotive Connected Car Platform Market 2023-2027: Highlights … – The Auto Channel

NEW YORK, Jan. 24, 2023 — According to Technavio, the global automotive connected car platform market size is estimated to grow by USD 5,694.07 million from 2022 to 2027. The market is estimated to grow at a CAGR of 12.68% during the forecast period. However, the growth momentum will be progressing. APAC is estimated to account for 42% of the growth of the global market during the forecast period.  COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For automotive connected car platform market, Request a sample report

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Technavio has announced its latest market research report titled Global Automotive Connected Car Platform Market 2023-2027

Leading trends influencing the market 

  • Rental companies adopting the connected car platform to attract customers is an emerging trend in the market. 
  • Through this platform, the users are allowed to control the car and driver consoles from their smartphones. They can also control these functions through a device mounted inside the car.
  • Additionally, this platform also allows custom features like music and video streaming through online apps. 
  • The primary objective of these rental companies is to engage customers in using their app for more time, which will benefit customer attraction and retention.
  • This trend is expected to be a positive driver for the market as it opens a new revenue avenue for the market player.  Therefore, these factors will fuel the market growth during the forecast period. 
  • To know more, buy the report!

Global automotive connected car platform market – Five Forces

The global cloud data warehouse market is fragmented, and the five forces analysis covers– 

  • Bargaining power of buyers 
  • The threat of new entrants
  • Threat of rivalry
  • Bargaining power of suppliers
  • Threat of substitutes

Global automotive connected car platform market– Customer Landscape

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Automotive Connected Car Platform Market – Segmentation Assessment

Segment Overview

Technavio has segmented the market based on service (Infotainment services and Telematics services), and technology (Integrated solutions, Embedded solutions, and Tethered solutions).

Car restoration services