Europe IoT Automotive Market was valued at 5.40 billion in 2016 and is expected to grow at a CAGR of 25.1% between the forecast period of 2016 and 2024.

The Europe IoT Automotive is segmented by is segmented by application (infotainment, navigation, and telematics), connectivity form (embedded, tethered, and integrated), communication type (in-vehicle, vehicle to vehicle, vehicle to infrastructure), offering (hardware, software, service), and by Region (UK, Germany, France, Italy, Spain, Russia, Others).

Europe IoT Automotive MarketEurope IoT Automotive Market1Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the current Europe IoT Automotive Market outlook.

The report encompasses the Europe IoT Automotive Market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the Europe IoT Automotive Market, further giving an insight into the market dynamics, and future opportunities that might exist in the Europe IoT Automotive Market.

The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the market positioning of competitors.

The Internet of Things enables transformational change, and that the automotive sector is changing rapidly. IoT-related technologies in the automotive sector will draw the map for the industry to follow, and the connected cars will play a major role on the roads and in the economy of the upcoming future. The power struggle happening in between automakers and software developers shows the ongoing transformation which is further expected to provide different opportunities in the future as well.

Autonomous driving has been the topic of conversation since Google began to conduct an experiment with its self-driving cars. The Waymo vehicle recently has made certain development and has actually made some new sensors built into the vehicles. This will likely create numerous opportunities for customers throughout the world as well as for the manufacturers.

Benefits of self-driving cars include minimalizing accidents caused by drowsiness, reassuring customers to be more productive as they can use their driving time to focus on other activities and allowing drivers to be more social with their passengers.

Importantly, the integration of now-commonplace AIs will bring machine learning and predictive capabilities in our cars and lives, enabling them to personalize the complete driving experience. From the set-up of the car seat to the in-vehicle infotainment as well as the app-preference the IoT connectivity will deliver real-time information and configure the car’s services accordingly.

With the connectivity and software entering cars and manufacturing organizations, both IT and data security have become a pressing concern. Fortunately, there’s another technology which is coming up to counterfeit the problems and is called blockchain. The technology of using encryption solution to secure digital payments might be used soon enough to authenticate drivers, cars and car parts, data transmissions, as well as other parts of the digitized auto industry.

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