Market Research Study 2022

Saturday, July 25, 2020

Global Connected Car Devices Market – Industry Analysis and Forecast (2019-2026)

Global Connected Car Devices Market was valued US$ 49.25 Bn in 2018 and is estimated to reach US$ US$ XX Bn by 2026 at a CAGR of about XX% during a forecast period.

Global connected car devices market is segmented into communication type, connectivity mode, and product and vehicle. Global connected car devices market by communication type is divided into vehicle to vehicle, vehicle to infrastructure, vehicle to pedestrian and others. Based on the Connectivity Mode, Global connected car devices market is categorized into dedicated Integrated, Embedded, and Tethered. By Vehicle Type, connected car devices market is classified into passenger cars and commercial vehicles. Product segment encompasses the driver assistance system, Adaptive cruise control, lane departure warning, Blind spot detection, Road sign recognition, Park assist Pedestrian detection system. Geographically, Connected Car Devices market is classified into North America, Asia Pacific, Latin America, and the Middle East and Africa.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Innovative infotainment systems and a fast speed connection to the wireless network are the two noticeable features that enhance the connected car devices market growth. The growing incidence of vehicle theft and a robust point in the number of road accidents, particularly owing to unsafe driving habits such as over-speeding, hard cornering, and unmanageably dense traffic are driving the demand for connected car devices market. Vehicle connectivity has increased traction in requirement, due to the preference of in-car Wi-Fi hotspots and data services providing infotainment facilities in the car system.

The vehicle-to-vehicle communication type segment is estimated to dominant connected car devices market. Vehicle-to-vehicle communication can be expended to share information regarding the position, traffic jams and the best possible route, which helps to escape smashes. The fast-tracking demand considering developing systems are contributing to the decrease of traffic fatalities, and increasing efficiency are some of the key factors powering the growth of the vehicle-to-vehicle communication.

Embedded connectivity solution lead the connected car devices market followed by integrated and tethered connectivity.

Furthermore, integrated connectivity solutions are expected to share at a high growth rate in the connected car market. This growth can be attributed owing to drastic change can be accredited to the consumer freedom of choice in customizing their connected devices and data plans.

North America is estimated to lead the connected car devices market due to the increasing government permissions and growing communication & information technology organization Furthermore, the Asia Pacific is expected to dominant connected car devices market owing to rising connected car devices in passenger cars and upsurge in digital services such as cybersecurity. The Asia Pacific has huge prominent automobile market, owing to the speedily growing population, escalating disposal incomes, and large presence of youth, which are indirectly enhancement the growth of the connected car market size for connected cars.

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Key Players Profiled and Analysed in the Report

ZF Friedrichshafen AG, Delphi Automotive PLC, Robert Bosch GmbH, Autoliv, Inc, Denso Corporation, Continental AG, Valeo S.A, Panasonic Corporation, Panasonic Corporation, Infineon Technologies AG, Magna International, Inc, Visteon Corporation

Global Connected Car Devices Market, By Communication Type

• Vehicle to Vehicle

• Vehicle to Infrastructure

• Vehicle to Pedestrian

Global Connected Car Devices Market, By Connectivity Mode

• Integrated

• Embedded

• Tethered

Global Connected Car Devices Market, By Vehicle

• Passenger Cars

• Commercial Vehicles

Global Connected Car Devices Market, By Product

• Driver Assistance System

• Adaptive cruise control

• Lane departure warning

• Blind spot detection

• Road sign recognition

• Park assist

• Pedestrian detection system

Global Connected Cars Market, by Services

• Sensors

• Wireless and Cellular Modules

• Processors

• OEM Services

• Aftermarket Services

• Fleet manager

Global Connected Cars Market by Applications

• Navigation

• Telematics

• Infotainment

Global Connected Car Devices Market, By Geography

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• Latin America

Key Players Global Connected Car Devices Market

• ZF Friedrichshafen AG

• Delphi Automotive PLC

• Robert Bosch GmbH

• Autoliv, Inc

• Denso Corporation

• Continental AG

• Valeo S.A

• Panasonic Corporation

• Infineon Technologies AG

• Magna International, Inc

• Visteon Corporation

• Aptiv PLC

• Harman International Industries Inc

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Global Voice over Internet Protocol (VoIP) Market- Industry Analysis and Forecast (2020-2027)

Global Voice Over Internet Protocol (VoIP) Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 12.50% during a forecast period.

Voice over Internet Protocol is a technology that differs from traditional copper-line telephone systems. The VoIP services are becoming increasingly attractive to small-business owners because of their simplicity, extensive range of features, and inexpensive pricing over traditional phone line systems.

Global Voice over Internet Protocol (VoIP) Market, Dynamics:

High technology and speed internet are reducing the big amount of the analog equipment investment in the telecom sector. As the mobile industry will transform from 4G to 5G digital cellular technology to accommodate extensive mobile computing, the expectation for the Voice over Internet Protocol will be high, which is expected to increase the VoIP performance in the future. The success of the VoIP technology is based on the decision of the organization to integrate the modern telecom infrastructure, which is expected to help to transform the communication landscape. Voice over Internet Protocol is becoming a suitable option for the business entities because of its outstanding record for increased reliability, clear voice, added bandwidth and exceptional call quality.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Global Voice over Internet Protocol (VoIP) Market, Segment Analysis:

The VoIP market has witnessed the signifiant shift from circuit switched network to the packet switched network. As the introduction of the technolgy in the multiple industries are shifting their focus on the cloud based service, which is expected to host the solution with the cloud infrastructure to grow. Cloud-enabled phone systems facilitate enterprises to scale up or down to their business demands and empower them to manage communication services cost-effectively. The cloud based platforms are helps to eliminate the requirement to invest in any hardware equipment.

The mobile VoIP segemnt is expected to witness the 13% growth rate during the forecast period. The availability of 4G services is growing the capability of network providers to deliver high-quality voice and video calls. Furthermore, The SMBs are expected grow at a XX % rate of CAGR during the forecast period. An increase in the trend of workforce mobility is expected to enforce the SMBs to look for effective ways to reduce telecommunication expenses. SMBs are increasing the demand for VoIP service to reduce equipment implementation, maintenance costs, and expenditure on IT staff training.

The BFSI vertical is expected to hold a share of over 15.50% in the global voice over internet protocol (VoIP) Market by 2027. The Communication through numerous channels has become a vital part of the BFSI sector. The financial institutions and insurance key players are demanding reliable and on-demand voice communication solutions to connect with their value chain partners. The VoIP technology acts as a suiatble option in the BFSI sector to ensure connectivity and increase the responsiveness. The sector is witnessing a rise in the usage of cloud-enabled IP phones and VoIP service plans at a lower communication costs and helps to make business-critical decisions, which improves team collaboration.

Global Voice over Internet Protocol (VoIP) Market, Regional Analysis:

Region-wise , North America region held the dominat position in the market and it is projected to continue its dominance position during the forecast period. The rapid development of IT infrastructure is one of the key drivers in the market growth. High adoption of cloud services, advanced telecommunications infrastructure, and popularity of workforce mobility are some of the prominent drivers behind the market growth in the region.

However, Asia Pacific region is projected to be leading region in the global voice over internet protocol (VoIP) Market. An incraese in internet penetration, smartphone users, and adoption of cloud-based communication platforms are expected to boost the growth in the maket. Despite its well established presence of the VoIP technology in the developed countries, some ASEAN and African countries are lagged behind due to the lack of the high speed internet connection in the rural areas. Many developing countries are focusing on the increasing the broadband internet connections. In addition,organisation in the emering region are upgrading their network and purchasing the high speed internet connection.

Global Voice over Internet Protocol (VoIP) Market, Competitive Landscape:

The enterprises across the globe are focusing on geographic expansion to increase the internal & external communication. They are also trying to collaborate among remotely dispersed workforce, which is expected to increase the adoption of VoIP solutions like IP phones and web-based applications and facilitate cost-effective communication. The VoIP technology enables functionalities like voice calling, video calling, and instant messaging at a very low cost. In addition, many key players are using the VoIP service as steping stone to implement unified communication suit. Government agencies and private companies are focusing to invest huge amounts in wireless telecommunication technologies like 4G/LTE and upcoming 5G networks, which is expected to propel the market growth. For instance, The Telefonica Spain invested US $ 125 Mn for 5G spectrum.The next-generation technologies are expected to enhance the VoIP for businesses and delivering high transfer speeds and allowing businesses to deliver high-quality voice & data services.

The objective of the report is to present a comprehensive analysis of the Global Voice over Internet Protocol (VoIP) Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Voice over Internet Protocol (VoIP) Market dynamics, structure by analyzing the market segments and projects the Global Voice over Internet Protocol (VoIP) Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Voice over Internet Protocol (VoIP) Market make the report investor’s guide.

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Scope of the Global Voice over Internet Protocol (VoIP) Market

Global Voice over Internet Protocol (VoIP) Market, By Access Type

• Phone To Phone

• Computer To Computer

• Computer To Phone

Global Voice over Internet Protocol (VoIP) Market, By Medium

• Mobile

• Fixed

Global Voice over Internet Protocol (VoIP) Market, By User Type

• Individual Consumers

• SMBs

• Large Enterprises

Global Voice over Internet Protocol (VoIP) Market, By Vertical

• Healthcare

• BFSI

• Retail

• Hospitality

• Government

• Education

• Transportation

• Media And Entertainment

• Military And Defence

• Others

Global Voice over Internet Protocol (VoIP) Market, By Region

• North America

• Europe

• Asia Pacific

• Middle East & Africa

• South America

Key players operating in Global Voice over Internet Protocol (VoIP) Market

• Verizon

• At&T

• Orange

• Deutsche Telekom

• KT (Korea Telecom)

• Sprint Nextel

• Telecom Italia

• Telenor

• Vonage Citrix

• T-Mobile