Global Internet Of Vehicle Market 2025

GlobalInternet of Vehicle Market valued approximately USD 49.9 billion in 2017 is anticipated to grow with a healthy growth rate of more than 33.13% over the forecast period 2018-2025.

The major driving factor of global Internet of Vehicle Market are rise in trends of vehicle tracking & safety and surging adoption of Internet of Things.Increasing demand for GID processor is on rise due to the security of vehicle is also a major driving factor of Internet of vehicle market.

Internet of things (IoT) is a worldwide network connecting all the smarts object together. It is the way in which all things are enabled to talk with each other’s. Whenever those smart things are connected over internet are restricted to only vehicles, then it is called as Internet-of-Vehicles. With increasing urban population and rapidly expanding cities, vehicle ownership has been increasing at an exponential rate. The Internet-of-vehicle helps us to connect the nearby vehicle or the other traffic infrastructure utilizing a wireless network. Internet-of-Vehicles also provide safety to the users. It helps the user to locate the vehicle as well as ones around.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years.

Major Regions of Global Internet of Vehicle Market:

• North America
• Europe
• Asia Pacific
• Latin America
• Rest of the world
  
  Target Audience of the Global Internet of Vehicle Market in Market Study:

• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

Category: BusinessServices MarketResearch
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