Home › News Updates › Internet of Business Quotes MarketsandMarkets for Market Scenario in Automotive IoT Market

MarketsandMarkets was recently cited in an article on mobile encryption market published by the Internet of Business, giving key insights on the market scenario.

The huge demand for in-car connectivity for an enhanced experience by providing real-time data and traffic alerts has led to the automotive manufacturers adopting IoT technology. The telecom vendors are also spending heavily on the R&D IoT in the automotive industry. The worldwide market for automotive IoT is projected to be valued at $82.79 Billion by 2022, growing at a high CAGR of 26.75% during the forecast period from 2017 to 2022.

For More Details:

https://internetofbusiness.com/5026-2/

Report mentioned in the above news is,

Automotive IoT Market by Offering (Hardware, Software, Service), Connectivity Form Factor (Embedded, Tethered, Integrated), Communication Type (In-Vehicle, Vehicle-to-Vehicle, Vehicle-to- Infrastructure) Application, & Geography - Global Forecast to 2022

Press Release:

http://www.marketsandmarkets.com/PressReleases/automotive-iot.asp

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