Softwaredefined

Global Connected Cars Outlook Report 2021: With Revenue Potential of $15-$20 Billion by 2025, the Creation of Software-defined Vehicles and Innovative Business Models is More Critical than Ever

DUBLIN–(BUSINESS WIRE)–The “Global Connected Cars Outlook, 2021” report has been added to ResearchAndMarkets.com’s offering.

The COVID-19 pandemic has accelerated – rather than affected – growth prospects for the global connected cars market.

Technology implementation has increased, and the post-pandemic situation appears to be a positive one for all stakeholders. The pandemic is a blessing in disguise as innovative features such as embedded connectivity, bio-based health monitoring, and non-touch-based haptics such as gesture recognition will be quickly implemented in vehicles due to the urgent need for protection and risk aversion.

Start-ups and other mid-tier connected car technology firms are being pursued to support the implementation of these innovative vehicle features.

The market is undergoing a transformation, and automakers are evolving into technology firms and appear to be on an equal footing with technology giants, with some of them opting for a collaborative approach to capture market share. Business transformations

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