Connected Car Market to Grow Almost 500% by 2018, Heavy Reading Finds - KMPH FOX 26 | Central San Joaquin Valley News Source

Connected Car Market to Grow Almost 500% by 2018, Heavy Reading Finds

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SOURCE Heavy Reading

MNOs are dipping into the connected car market and expecting annual growth of greater than 40% through 2018, says Heavy Reading Mobile Networks Insider

NEW YORK, July 28, 2014 /PRNewswire/ --The market for connected cars is growing rapidly, with an expected compound annual growth rate (CAGR) of 41.2% between 2013 and 2018, and mobile network operators (MNOs) are jumping on the opportunity for new revenue streams and enhancement of customer loyalty that comes with this growth, according to the latest report from Heavy Reading Insider (www.heavyreading.com/mobile-networks), a subscription research service from Heavy Reading (www.heavyreading.com).

Heavy Reading

MNOs Hold the Keys to Success for Connected Cars examines the connected car market, analyzing how mobile network operators are likely to become involved in the connected car arena, as well as areas of growth expected in the market over the next two years. It discusses drivers and challenges in the industry and includes a comparative analysis of solutions available. Finally, it examines the geographic landscape of the market and details trends that are likely to occur in the industry over the next 18-24 months.

Here's a list of companies covered in this report: http://twimgs.com/audiencedevelopment/LRHR/PDFS/mni0614_companies.pdf

"Vehicle-to-vehicle (V2V) communications is closer to becoming a reality than many people realize," says Denise Culver, research analyst with Heavy Reading Insider and author of the report. "In many cases, traffic and safety boards, as well as other governmental agencies, have recognized that enabling cars to 'talk' to one another, road signs and other pieces of the transportation ecosystem can decrease the number of traffic accidents and, thus, fatalities on roadways each year."

The total shipments of connected cars is expected to grow at an estimated CAGR of 41.2 percent between 2013 and 2018, Culver says. "This will account for more than 50 percent of total global car shipments by 2018," she continues. "Various connectivity solutions, such as LTE, 3G, Wi-Fi and HSPA, are being bundled with OEM manufactured cars, apart from the existing traditional connectivity such as Bluetooth and 2G."

Key findings of MNOs Hold the Keys to Success for Connected Cars include the following:

  • The ability to allow consumers to tether their existing smartphones to the car will be the biggest driver over the next 18 months.
  • Significant M&A activity is expected, as telematics software makers, app developers and systems providers will be snapped up.
  • The transfer of data from the vehicle to the network will very likely happen through mobile technology, via either traditional mobile phones and tablets or hybrid in-vehicle systems.
  • Flexible and cost-effective data plans are needed to deliver connected services, and will need to scale with customers' machine data production.
  • The combination of new products, available lines of credit and improving economic growth will continue to drive connectivity in cars in North America.

MNOs Hold the Keys to Success for Connected Cars is available as part of an annual single-user subscription (six issues) to Heavy Reading Mobile Networks Insider, priced at $1,595. Individual reports are available for $900 (single-user license).

To subscribe, or for more information, please visit: www.heavyreading.com/mobile-networks. For more information on all of Heavy Reading's Insider services, please visit www.heavyreading.com/research.

To request a free executive summary of the report, or for details on multi-user licensing options, please contact:

David Williams
Global Director of Sales, Research
Heavy Reading
858-829-8612
dwilliams@lightreading.com

Press/analyst contact:
Dennis Mendyk
Vice President of Research, Heavy Reading
201-587-2154
mendyk@heavyreading.com

About Heavy Reading
Heavy Reading (www.heavyreading.com), the research division of Light Reading, offers deep analysis of emerging telecom trends to network operators, technology suppliers, and investors. Its product portfolio includes in-depth reports that address critical next-generation technology and service issues, market trackers that focus on the telecom industry's most critical technology sectors, exclusive worldwide surveys of network operator decision-makers that identify future purchasing and deployment plans, and a rich array of custom and consulting services that give clients the market intelligence needed to compete successfully in the global telecom industry.

About Light Reading
Light Reading (www.lightreading.com) combines its research-led online communities and targeted events portfolio to help those in the global communications industry make informed decisions. Lightreading.com is the ultimate source for telecom analysis for more than 350,000 subscribers each month, leading the media sector in terms of traffic, content, and reputation. Light Reading produces targeted communications events and focused one-day conferences each year for cable, mobile, and wireline executives across five continents.

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