NEW YORK, Jan. 24, 2023 /PRNewswire/ — According to Technavio, the global automotive connected car platform market size is estimated to grow by USD 5,694.07 million from 2022 to 2027. The market is estimated to grow at a CAGR of 12.68% during the forecast period. However, the growth momentum will be progressing. APAC is estimated to account for 42% of the growth of the global market during the forecast period. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For automotive connected car platform market, Request a sample report
Technavio has announced its latest market research report titled Global Automotive Connected Car Platform Market 2023-2027
Leading trends influencing the market
Rental companies adopting the connected car platform to attract customers is an emerging trend in the market.
Through this platform, the users are allowed to control the car and driver consoles from their smartphones. They can also control these functions through a device mounted inside the car.
Additionally, this platform also allows custom features like music and video streaming through online apps.
The primary objective of these rental companies is to engage customers in using their app for more time, which will benefit customer attraction and retention.
This trend is expected to be a positive driver for the market as it opens a new revenue avenue for the market player. Therefore, these factors will fuel the market growth during the forecast period.
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Global automotive connected car platform market – Five Forces
The global cloud data warehouse market is fragmented, and the five forces analysis covers–
Bargaining power of buyers
The threat of new entrants
Threat of rivalry
Bargaining power of suppliers
Threat of substitutes
Global automotive connected car platform market– Customer Landscape
The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Automotive Connected Car Platform Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on service (Infotainment services and Telematics services), and technology (Integrated solutions, Embedded solutions, and Tethered solutions).
The infotainment services will grow at a significant rate during the forecast period. Nowadays, OEMs are investing in the development of unique infotainment service offerings for their models, which can be a differentiating factor for the company against the competitors. Currently, touchscreens, voice recognition, and handwriting recognition are widely used in vehicles as mediums to give input to drivers. Earlier the hardware cost associated with these devices was high until the recent past. Hence, the adoption of infotainment systems has significantly increased. Therefore, the segment is expected to remain dominant in the global automotive connected car platform market during the forecast period.
Geography Overview
By geography, the global automotive connected car platform market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global automotive-connected car platform market.
APAC will account for 42% of the growth of the global market during the forecast period. The North American passenger car market is dominated by senior car buyers. The average age of car buyers is about 52 years, and one-third of the population in the region is between 51 to 65 years of age. As the population of age above 50 years has a high income in this region they have the potential to invest in luxuries. All these factors trigger the need for enhanced comfort and safety levels in North America and are expected to be the driving factors during the forecast period.
Global automotive connected car platform market – Market Dynamics
Key factor driving market growth
The rise in the adoption of cloud technologies and IoT to reduce the capital expenditure in developing connected car platforms is notably driving the market growth.
M2M platforms help the MNOs to reduce capital expenditure and time-to-market (TTM) for product or service launches. Cloud-based platforms help MNOs manage, assemble, and develop services.
In addition, the platforms help telecommunication operators integrate, develop, market, and support M2M connectivity and cloud services across business segments such as retail and automotive.
With a push of a button, the system would assist owners by locating fuel and charging stations, receiving traffic prompts and restaurant offers, predicting maintenance needs, and providing live customer-care assistance. Therefore, these factors will propel the market growth during the forecast period.
Major challenges hindering the market growth
Cybersecurity breach issues negatively impact technology adoption which acts as a major challenge to market growth.
Wireless communication systems are used by automotive telematics applications in in-vehicle information systems. These systems are prone to hacking and theft of information.
In addition, the major concern is the passage of malware through in-vehicle entertainment and information systems to other in-car networks such as CAN buses. This malware may link the in-vehicle entertainment and information systems to the automobile’s critical functions.
Therefore, hackers can get control of the vehicle’s central functions, such as the engine and brakes, by connecting the laptop or mobile devices to the automobile’s onboard port.
Furthermore, several other security vulnerabilities arise from the insertion of multiple web applications and Bluetooth in automobiles.
These applications provide access to social media applications as well as personal contacts. Therefore, these factors will hinder the market growth during the forecast period.
What are the key data covered in this Automotive Connected Car Platform Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the automotive connected car platform market between 2023 and 2027
Precise estimation of the size of the automotive connected car platform market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the Automotive Connected Car Platform Market industry across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of automotive connected car platform market vendors
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Related Reports:
The connected car market size is expected to increase by USD 172,767.39 million from 2022 to 2027, and the market’s growth momentum will accelerate at a CAGR of 27.36%. This report extensively covers market segmentation by connectivity (embedded solutions, integrated solutions, and tethered solutions), end-user (OEM and aftermarket), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The smart connected clothing market size is predicted to surge by USD 2.95 billion from 2021 to 2026 at a CAGR of 14.84%. This report further entails market segmentation by distribution channel (offline distribution channel and online distribution channel), end-user (men, women, and children), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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Automotive Connected Car Platform Market Scope |
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Report Coverage |
Details |
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Page number |
174 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.68% |
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Market growth 2023-2027 |
USD 5,694.07 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
10.66 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 42% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Airbiquity Inc., AppDirect Inc., AT and T Inc., BlackBerry Ltd., Capgemini Service SAS, Cisco Systems Inc., CloudMade, Connexion Telematics Ltd., GlobalLogic Inc., Harman International Industries Inc., Insurance and Mobility Solutions, Intellias group, KaaIoT Technologies LLC, LG Electronics Inc., Microsoft Corp., NNG Software Developing and Commercial Llc., Otonomo Technologies Ltd., Qualcomm Inc., Robert Bosch GmbH, and TomTom International BV |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global automotive connected car platform market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global automotive connected car platform market 2017 – 2021 ($ million)
4.2 Service Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Service Segment 2017 – 2021 ($ million)
4.3 Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Service
6.1 Market segments
Exhibit 30: Chart on Service – Market share 2022-2027 (%)
Exhibit 31: Data Table on Service – Market share 2022-2027 (%)
6.2 Comparison by Service
Exhibit 32: Chart on Comparison by Service
Exhibit 33: Data Table on Comparison by Service
6.3 Infotainment services – Market size and forecast 2022-2027
Exhibit 34: Chart on Infotainment services – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Infotainment services – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Infotainment services – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Infotainment services – Year-over-year growth 2022-2027 (%)
6.4 Telematics services – Market size and forecast 2022-2027
Exhibit 38: Chart on Telematics services – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Telematics services – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Telematics services – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Telematics services – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Service
Exhibit 42: Market opportunity by Service ($ million)
7 Market Segmentation by Technology
7.1 Market segments
Exhibit 43: Chart on Technology – Market share 2022-2027 (%)
Exhibit 44: Data Table on Technology – Market share 2022-2027 (%)
7.2 Comparison by Technology
Exhibit 45: Chart on Comparison by Technology
Exhibit 46: Data Table on Comparison by Technology
7.3 Integrated solution – Market size and forecast 2022-2027
Exhibit 47: Chart on Integrated solution – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Integrated solution – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Integrated solution – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Integrated solution – Year-over-year growth 2022-2027 (%)
7.4 Embedded solutions – Market size and forecast 2022-2027
Exhibit 51: Chart on Embedded solutions – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Embedded solutions – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Embedded solutions – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Embedded solutions – Year-over-year growth 2022-2027 (%)
7.5 Tethered solutions – Market size and forecast 2022-2027
Exhibit 55: Chart on Tethered solutions – Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Tethered solutions – Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Tethered solutions – Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Tethered solutions – Year-over-year growth 2022-2027 (%)
7.6 Market opportunity by Technology
Exhibit 59: Market opportunity by Technology ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 63: Chart on Geographic comparison
Exhibit 64: Data Table on Geographic comparison
9.3 North America – Market size and forecast 2022-2027
Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 Germany – Market size and forecast 2022-2027
Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.10 China – Market size and forecast 2022-2027
Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)
9.11 UK – Market size and forecast 2022-2027
Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.12 Canada – Market size and forecast 2022-2027
Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 105: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 106: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 108: Overview on factors of disruption
11.4 Industry risks
Exhibit 109: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 110: Vendors covered
12.2 Market positioning of vendors
Exhibit 111: Matrix on vendor position and classification
12.3 Airbiquity Inc.
Exhibit 112: Airbiquity Inc. – Overview
Exhibit 113: Airbiquity Inc. – Product / Service
Exhibit 114: Airbiquity Inc. – Key offerings
12.4 AT and T Inc.
Exhibit 115: AT and T Inc. – Overview
Exhibit 116: AT and T Inc. – Business segments
Exhibit 117: AT and T Inc. – Key news
Exhibit 118: AT and T Inc. – Key offerings
Exhibit 119: AT and T Inc. – Segment focus
12.5 BlackBerry Ltd.
Exhibit 120: BlackBerry Ltd. – Overview
Exhibit 121: BlackBerry Ltd. – Business segments
Exhibit 122: BlackBerry Ltd. – Key offerings
Exhibit 123: BlackBerry Ltd. – Segment focus
12.6 Capgemini Service SAS
Exhibit 124: Capgemini Service SAS – Overview
Exhibit 125: Capgemini Service SAS – Business segments
Exhibit 126: Capgemini Service SAS – Key news
Exhibit 127: Capgemini Service SAS – Key offerings
Exhibit 128: Capgemini Service SAS – Segment focus
12.7 Cisco Systems Inc.
Exhibit 129: Cisco Systems Inc. – Overview
Exhibit 130: Cisco Systems Inc. – Business segments
Exhibit 131: Cisco Systems Inc. – Key news
Exhibit 132: Cisco Systems Inc. – Key offerings
Exhibit 133: Cisco Systems Inc. – Segment focus
12.8 CloudMade
Exhibit 134: CloudMade – Overview
Exhibit 135: CloudMade – Product / Service
Exhibit 136: CloudMade – Key offerings
12.9 Connexion Telematics Ltd.
Exhibit 137: Connexion Telematics Ltd. – Overview
Exhibit 138: Connexion Telematics Ltd. – Product / Service
Exhibit 139: Connexion Telematics Ltd. – Key offerings
12.10 Harman International Industries Inc.
Exhibit 140: Harman International Industries Inc. – Overview
Exhibit 141: Harman International Industries Inc. – Product / Service
Exhibit 142: Harman International Industries Inc. – Key news
Exhibit 143: Harman International Industries Inc. – Key offerings
12.11 Intellias group
Exhibit 144: Intellias group – Overview
Exhibit 145: Intellias group – Product / Service
Exhibit 146: Intellias group – Key offerings
12.12 KaaIoT Technologies LLC
Exhibit 147: KaaIoT Technologies LLC – Overview
Exhibit 148: KaaIoT Technologies LLC – Product / Service
Exhibit 149: KaaIoT Technologies LLC – Key offerings
12.13 LG Electronics Inc.
Exhibit 150: LG Electronics Inc. – Overview
Exhibit 151: LG Electronics Inc. – Business segments
Exhibit 152: LG Electronics Inc. – Key news
Exhibit 153: LG Electronics Inc. – Key offerings
Exhibit 154: LG Electronics Inc. – Segment focus
12.14 Microsoft Corp.
Exhibit 155: Microsoft Corp. – Overview
Exhibit 156: Microsoft Corp. – Business segments
Exhibit 157: Microsoft Corp. – Key news
Exhibit 158: Microsoft Corp. – Key offerings
Exhibit 159: Microsoft Corp. – Segment focus
12.15 Qualcomm Inc.
Exhibit 160: Qualcomm Inc. – Overview
Exhibit 161: Qualcomm Inc. – Business segments
Exhibit 162: Qualcomm Inc. – Key news
Exhibit 163: Qualcomm Inc. – Key offerings
Exhibit 164: Qualcomm Inc. – Segment focus
12.16 Robert Bosch GmbH
Exhibit 165: Robert Bosch GmbH – Overview
Exhibit 166: Robert Bosch GmbH – Business segments
Exhibit 167: Robert Bosch GmbH – Key offerings
Exhibit 168: Robert Bosch GmbH – Segment focus
12.17 TomTom International BV
Exhibit 169: TomTom International BV – Overview
Exhibit 170: TomTom International BV – Business segments
Exhibit 171: TomTom International BV – Key offerings
Exhibit 172: TomTom International BV – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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