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Connected Car Market to reach USD 95.44 Bn by 2029 at growth rate of 19.02 percent, Market trends and Industry analysis



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New York, US, March 10, 2023 (GLOBE NEWSWIRE) — Maximize Market research, a global Automotive and Transportation business-consulting firm, has published a market intelligence and competitive landscape report on the “Connected Car Market”. The total market opportunity for the Connected Car market was USD 23.7 Bn in 2021 and is expected to grow at 19.02 percent CAGR over the forecast period to reach USD 95.44 Bn by 2029.

Market Size in 2021 USD 23.7 Bn
Market Size in 2029 USD 95.44 Bn
CAGR 19.02 percent (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 276
No. of Tables 135
No. of Charts and Figures 120
Segment Covered Connectivity, Technology, and Application
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

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Connected Car Market Scope and Research Methodology

The report provides an in-depth analysis of the Connected Car Market based on segmentation. The segments provided in the Connected Car Market report are based on Connectivity, Technology, and Application. Connected Car Market segmentation helps to understand the Connected Car market structure easily. The regional insights highlight the use of Connected Car in the regions with factors including drivers, restraints, challenges and opportunities affecting the growth of the markets. The report includes the competitive landscape, which provides detailed information on the position of key players in the Connected Car industry with partnerships, business growth and acquisitions.

Data was collected through primary and secondary research methods from the Connected Car market. Secondary research includes sources such as company annual reports, presentations, publications of OEMs vehicle sales, technical handbooks and technical articles. Primary interviews were conducted with Connected Car Market experts from both the demand (OEMs) and supply (connected car solution and service providers) sides across the region. Primary data was collected through questionnaires and telephonic interviews. The bottom-up approach was used to estimate the connected car market size by value and volume. Porter’s five forces analysis is also included in the report, which helps to understand the Connected Car market through various perspectives.

Connected Car Market Overview

The connected car has two-way communication capabilities with external systems (LAN). This helps automobiles to exchange data and provide internet access with other devices outside and inside the vehicle. The global Connected Car market is driven by connected automobiles that bring value to vehicle owners in terms of safety and comfort.

Connected Car Market Dynamics

During the forecast period, the increasing adoption of the Advanced Driver Assistance Systems (ADAs) and emerging new technologies such as 5G and Artificial Intelligence (AI) are expected to drive the Connected Car Market growth. The Connected Car Market is also expected to grow due to the increasing number of vehicle thefts that are drawing the attention of car buyers to surveillance systems, which monitor their vehicles and send timely updates about their locations. The factor that is expected to majorly restrain the Connected Car Market growth is the lack of connectivity infrastructure. Connected cars comprise hardware, mobile apps, software and Bluetooth, which are vulnerable to cyberattacks. This is expected to be a major challenge for the Connected Car Market growth.

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Connected Car Market Regional Insights

The Asia-Pacific region dominated the global Connected Car Market with a share of 45 percent in 2021 and is expected to grow at a significant CAGR during the forecast period. This growth of the regional Connected Car Market is expected majorly due to the increasing research and development expenditures by key industry players.

Europe is also held a significant share of the Connected Car Market because of the presence of major market players and various development projects undertaken by governments across the region.

The Connected Car Market in the North America region is expected to grow at a high CAGR during the forecast period due to the increasing adoption of advanced technologies such as 5G connectivity.

Connected Car Market Segmentation

By Connectivity:

  • Integrated
  • Embedded
  • Tethered

By Technology:

By Application:

  • Driver Assistance
  • Telematics
  • Infotainment
  • Others

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Connected Car Market Key Players Include:

  • Robert Bosch GmbH (Germany)
  • Continental AG (Germany)
  • Audi AG (Germany)
  • ZF Friedrichshafen AG (Germany)
  • Infineon Technologies (Germany)
  • TomTom N.V. (Netherlands)
  • NXP Semiconductors N.V. (Netherlands)
  • Denso Corporation (Japan)
  • Tata Consultancy Services Limited (India)
  • Visteon Corporation (US)
  • Harman International (US)
  • AT&T Inc. (US)
  • Airbiquity Inc (US)
  • Qualcomm Technologies Inc. (US)
  • Tesla, Inc (US)
  • BorgWarner Inc (US)
  • Ford Motor Company (US)
  • Microsoft Corporation (US)
  • Verizon Communications Inc (US)
  • Intel Corporation (US)
  • Sierra Wireless (Canada)
  • Magna International (Canada)

Key questions answered in the Connected Car Market are:

  • What is Connected Car?
  • What was the Connected Car market size in 2021?
  • What is the forecast period of Connected Car market?
  • What will be the Connected Car market size by 2029?
  • What is the growth rate of the Connected Car Market?
  • Which are the factors expected to drive the Connected Car market growth?
  • What factors are expected to hamper the Connected Car market growth?
  • Which segment dominated the Connected Car market growth?
  • What is the demand pattern for the Connected Car market?
  • Which region held the largest share in the Connected Car market?
  • Who are the key players in the Connected Car market?

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Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Connectivity, Technology, and Application
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis
  • Recommendations

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Autonomous / Self-Driving Cars Market: The market volume was at 20.5 Mn Units in 2021 and the total revenue is expected to grow at 13.5 percent of CAGR through 2022 to 2029, reaching 56.46 Mn Units. High demand for luxury cars is making the future is expected to drive the market growth.

Car Covers Market: The total market size was valued at USD 787.2 Mn in 2021 and the market is expected to reach USD 989.48 Mn by 2029, at a CAGR of 2.9 percent. Customers’ awareness about car safety and increasing demand for cars is expected to drive the market growth.

Car Security System Market: The total market size was valued at USD 10.72Bn in 2021 and the total revenue is expected to grow at a CAGR of 7.2 percent through 2022 to 2029, reaching USD 18.69 Bn. Customer demand, particularly for aftermarket installations is expected to drive the market growth.

Solid State Car Battery Market: The total market size was valued at USD 1.09 Bn in 2022 and total revenue is expected to grow at a rate of 36 percent CAGR from 2023 to 2029, reaching USD 9.40 Bn in 2029. The lower range of an electric vehicle on a single charge in concern for EV users is expected to drive the market growth.

Car DVR Market: The market size was valued at USD 2889.6 Mn in 2021 and the total revenue is expected to grow at 5.10 percent through 2022 to 2029, reaching USD 4301.89 Mn. Technological advancements, rising awareness of in-vehicle safety, and favourable regulatory regulations is expected to boost the market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

A Fond Farewell: Memories to Treasure from MWC 2024




HONG KONG, March 4, 2024 /PRNewswire/ — As IPLOOK reflects on its successful participation in MWC 2024, the company is left with countless memories, insights and opportunities that will continue to inspire its team long after the event has ended.

IPLOOK’s Impressive Showing 
IPLOOK’s booth was a hub of activity throughout the 4-day event, drawing in crowds of attendees eager to learn more about IPLOOK’s innovative core network solutions. Some of the key achievements and gains for IPLOOK at MWC 2024 included:
Strong partnerships forged: IPLOOK nailed several new partnerships with leading telecom companies, expanding its reach and impact in the industry.Positive industry coverage: IPLOOK’s presence at MWC 24 attracted the attention of industry research outlets, resulting in conversations highlighting IPLOOK’s leading position in core network market, ability of innovation and integration capability of space, air and ground communications.Brand awareness increased: The event provided an excellent opportunity for IPLOOK to raise its profile and establish itself as a leader in the core network market. Its booth attracted a number of visitors who were already aware of its role as a core network expert, eager to explore the advancements presented by IPLOOK.Valuable feedback received: IPLOOK took the opportunity to gather feedback from attendees on its products and services, which will be invaluable in driving IPLOOK’s future product development and improvements.Innovations that Stole the Show
This year’s MWC, as per its theme “Future First”, was a testament to the power of technology to transform our future life. Attendees were treated to demonstrations of the latest innovation in AIGC, AI-RAN, Open Gateway, and 6G, showcasing how these technologies can revolutionize industries and improve people’s lives.
What’s Next for IPLOOK?
As IPLOOK sets its sights on the horizon, the company is energized by the prospect of deepening connections within the telecom ecosystem and discovering the groundbreaking advancements that lie ahead at MWC’s next chapter. With a steadfast dedication to product innovation, IPLOOK will also journey to key industry events like MVNOs World Congress and AfricaCom, forging new paths into uncharted markets and showcasing its unwavering commitment to the evolution of the telecom landscape.
Contact: [email protected] IPLOOK on LinkedIn @IPLOOK Networks
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Artificial Intelligence

Mobica Appoints Gary Butters as CEO, Building on Success and Fuelling Continued Growth




LONDON, March 4, 2024 /PRNewswire/ — Mobica, the global software and engineering provider, has announced Gary Butters as their Chief Executive Officer (CEO).

Gary joined Mobica as Chief Revenue Officer (CRO) in November 2020 and as part of outgoing CEO Sam Kingston’s leadership team, delivered significant success, leading to Mobica’s acquisition by Cognizant in March 2023. 
This acquisition will significantly expand Cognizant’s IoT embedded software engineering capabilities as part of their overall strategy to help companies modernise technology, reimagine processes and transform experiences so they stay ahead in a fast-changing world.
Gary takes over the role with the remit to complete the integration of Mobica into Cognizant while continuing to deliver double-digit growth.
Mobica, which is headquartered in Manchester UK, with operations in Europe and the US, provides world-class software engineering and development expertise to many of the most recognised global brands. Founded in 2004, it serves a number of sectors, with particular expertise in the automotive, manufacturing, industrial and semiconductor industries.
In his role as CEO, Gary will continue Mobica’s vision of delivering exceptional value and innovation to it’s clients and customers, while spearheading its growth plan as demand for engineering and software expertise continues to rise.
Commenting on his appointment, Gary says:”Over the past few years, Mobica has seen demand for our world-class engineering increase significantly, particularly with the acceleration in AI and machine learning. This has seen some of the once ‘traditional’ industries such as automotive and manufacturing undergo a radical transformation. 
“As a result, companies are increasingly seeking skilled professionals – particularly in areas such as software development, AI, IoT, and data analytics – in order to stay competitive and meet evolving customer expectations. However, they are vying for a limited pool of technology talent, so access to Mobica engineering services has been vital to enable our customers to remain agile in a rapidly evolving landscape.
“Our ongoing growth is a testament to our team of dedicated ‘Mobicans’ and our unwavering dedication to delivering cutting-edge software engineering solutions. We have consistently provided clients with access to top-tier engineering talent, enabling them to drive digital transformation and achieve their business objectives. I am looking forward to working with our talented team as we continue our ambitious growth plans.” 
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Artificial Intelligence

Core to Cloud Partners with Cybersecurity Innovator SenseOn to Enable Comprehensive NDR and SIEM Security




New strategic arrangement allows organisations to monitor identity, endpoint, network and cloud-based activity to stop threats immediately.
CIRENCESTER, England, March 1, 2024 /PRNewswire/ — Core to Cloud, a leading provider of cybersecurity services and solutions, is excited to announce a strategic alliance with SenseOn, a renowned threat detection management platform. This collaboration will empower businesses to bolster their advanced NDR and SEIM operations and secure end-to-end platforms.

In today’s integrated digital landscape, businesses rely on various systems and third-party suppliers. The launch of SenseOn’s platform marks a significant leap forward in proactive threat detection and response, offering a comprehensive solution to combat sophisticated cyber threats. Organisations can identify, detect and respond to vulnerabilities in traditional blind spots. Core to Cloud’s partnership with SenseOn aims to address these challenges by offering a comprehensive and efficient solution for managing threat detection and response.
James Cunningham, CEO and co-founder of Core to Cloud, said: “We are excited to announce our partnership with SenseOn, allowing Core to Cloud to bring our clients a more robust and complete threat detection and management solution. With an ever-changing digital landscape, our clients must be able to detect and respond to any threats within their cyber estate. This partnership offers an all-encompassing approach to managing these risks.” 
One of the critical features of this partnership is that the platform is built upon a foundation of Artificial Intelligence (AI) and Machine Learning (ML) technologies, meticulously designed to evolve alongside cyber threats. Leveraging its unique Deep Learning, SenseOn’s platform analyses vast and complex datasets, providing real-time threat detection, investigation, and autonomous response capabilities. This innovative approach and Core to Cloud’s cybersecurity expertise enables organisations to proactively address potential threats before they escalate, ensuring robust protection against evolving cyber-attacks.
SenseOn’s platform and Core to Cloud’s know-how empower security teams to navigate the complicated threat landscape efficiently. Intelligent automation streamlines incident response, allowing cybersecurity professionals to focus on strategic initiatives rather than routine tasks.
David Atkinson, CEO and Founder of SenseOn, added: “We are excited to announce a pivotal moment in SenseOn’s journey with establishing a strategic channel partnership with Core to Cloud. This collaboration is more than a partnership; it’s an alliance that leverages the strengths of both companies to propel us towards growth. By combining SenseOn’s consolidated threat detection platform with Core to Cloud’s technical and service expertise, we are poised to deliver a new standard in cybersecurity solutions.”
Moreover, Core to Cloud and SenseOn are committed to ongoing collaboration and continuous improvement. As cybersecurity threats evolve, so do the strategies and tools to counter them. This collaboration is not just a one-time solution; it represents an ongoing commitment to enhancing the cybersecurity landscape for businesses of all sizes. Core to Cloud and SenseOn will continue to work together to develop new features, refine existing tools, and provide unparalleled support to our clients.
Core to Cloud’s partnership with SenseOn signifies a major step forward in cybersecurity. By combining expertise, technology, and a shared commitment to excellence, the two companies are paving the way for businesses to navigate the complex digital landscape confidently. Together, they empower businesses to protect their NDR, SEIM and end-to-end platforms.
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