Vehicle Connectivity Services Market Projected to grow at a CAGR of 18.8% over the Forecast Period 2016-2024
The increasing safety concerns of the passengers coupled with the stringent government regulations to impose connectivity services in order to maintain contact in times of emergency is driving the growth of global vehicle connectivity services market . According to Goldstein Research, global vehicle connectivity services market size is expected to reach USD 86.5 billion by 2024 from an estimated market size of USD 21.7 billion in 2015, growing at a CAGR of 18.8% over the forecast period 2016-2024. Global vehicle connectivity services market segmentation has been done on the basis of types of services, telematics offerings type, communication type and geography. Geographically, global vehicle connectivity services industry is dominated by North America owing to increasing adoption of internet industry in the region coupled with the increasing adoption of technologies.automotive growth of high of things (IoT). North America is closely followed by Europe vehicle connectivity services m...