Global IIoT Market in Automotive Industry To Grow At A CAGR Of 33.48% During The Period 2017-2021

The report covers the present scenario and the growth prospects of the global IIoT market in automotive industry for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of IIoT.

The global IIoT market in the automotive industry is a key contributing segment of the global IIoT market. From a top-down perspective, Technavio has analyzed the global IIoT market as a parent market to set the context, in which the global IIoT market in the automotive industry will be analyzed. The IIoT characterizes a set-up wherein every object or thing is embedded with a sensor and is efficient in automatically communicating its state with other objects and automated systems inside the environment. Each object represents a node in a virtual network, continuously transmitting a large volume of data about itself and its surroundings.

Radiant Insights analysts forecast the global IIoT market in automotive industry to grow at a CAGR of 33.48% during the period 2017-2021.

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The market is divided into the following segments based on geography: 
• Americas
• APAC
• EMEA

Global IIoT Market in Automotive Industry 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors 
• Cisco
• HCL
• IBM
• PTC

Other prominent vendors
• Accenture,
• Capgemini,
• Cognizant,
• Hortonworks,
• SAP,
• Siemens,
• Telit

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Market driver 
• Decreasing cost of sensors
• For a full, detailed list, view our report

Market challenge 
• Bottlenecks in adoption and installation challenges
• For a full, detailed list, view our report

Market trend 
• Rise of IoT ecosystem
• For a full, detailed list, view our report

Key questions answered in this report 
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

About Radiant Insights 
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

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