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Connected Car Market Share, Size, Analysis, Growth, Trends and Forecasts to 2025 | Hexa Research
“The Global Connected Car Market is expected to witness substantial growth in the coming years owing to growing population of tech-savvy population and rising demand for connectivity solutions�
08 April 2019, The Global Connected Car Market is expected to witness substantial growth in the coming years owing to growing population of tech-savvy population and rising demand for connectivity solutions. Increasing efforts by government to implement connected technology in passenger cars and high demand for efficient, safe, and convenient driving experience using connected car services are also likely to drive the market in future. Moreover, demand for safety and security features is expected to increase in the coming years as the facility improves security constraints with the help of powerful network technology. The technology also allows the driver to connect with online platforms, which could, in turn, facilitate real-time communication. Furthermore, growing trend of connectivity solutions and convenience of vehicle diagnosis are anticipated to present several growth opportunities for the market. Vehicle diagnosis helps to foresee important issues in the vehicle and avoid mishaps. Several connectivity solutions, such as the machine-to-machine (M2M) connectivity platform have been developed by vehicle manufacturers and service providers. The feature allows interconnectivity between two cars and provides accurate and real-time information to the driver. This could, in turn, boost demand for these solutions in the coming years. However, high installation cost, threat of data hacking, and issues related to continuous connectivity are expected to hinder the market growth in coming years. Get Sample Copy of this Report @ https://www.hexaresearch.com/research-report/connected-cars-market/requestsample
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