The progress in the concept of cloud-based connected solutions in the automotive sector is giving way to the growth of connected mobility solutions. Reports that judge the information and communication technology industry has been offered by Market Research Future, which generates reports on industry verticals that judge the market development and possibilities. The market is at the precipice to capture a 19 % CAGR in the upcoming period.
The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.
Detailed Regional Analysis
The regional assessment of Covid 19 Connected Mobility Solutions Market covers regions such as North America, Europe, Asia Pacific, and other regions in the world. The North American region is expected to account for the principal share of the market and is also projected to develop with the speediest rate in the forecast period. The development of the connected mobility solutions market in the North American region is credited to the growing implementation of the internet of things in this region. Moreover, the automobile companies in the U.S. and Canada are finding out new technologies to eradicate the occurrence of accidents and offer a safe journey experience. The European region’s connected mobility market is acquiring impetus due to the collective demand for connected mobility solutions in the automotive sector. While, in the Asia Pacific nations such as China, Japan, and India among others, are pushing the market to exponential growth due to the growing adoption of smart and electric vehicles amongst individuals. China is the foremost economy displaying key growth in the connected mobility market as clients now preferring to have a vehicle with better-connected technology.
The prominent players in the connected mobility solutions market are Robert Bosch GmbH (Germany), Siemens AG (Germany), Mitsubishi Motors Corporation (Japan), Cisco System Inc (U.S.), Deutsche Telekom AG (Germany), HUBER+SUHNER (Switzerland), Nokia Networks (Finland), Molex Incorporated (U.S.), NXP Semiconductors N.V. (Netherlands) among others.
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