Global Connected Roadside Assistance Solution Market Forecast to 2025

  • Product Code:
    RP-ID-10085463
  • Published Date:
    Jan 2020 (Upgradation in process)
  • Region:
    Global
  • Pages:
    80
  • Category:
    Automotive & Transportation
  • Publisher:
    Pub-ID-15

Impact Analysis on the Growth of Market

Activating Probable Propositions Amidst COVID-19 Crisis

With things going haywire, we analyze key points to make sure that the businesses around the globe are completely prepared to tackle potential implications caused by COVID-19. Be it protecting employees, customers or the overall business operations, we ensure that the employers take the right decisions, make strategic investments and maintain a healthy work culture along with taking probable measures to minimize the financial loss. Know More

Global Connected Roadside Assistance Solution Market: Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025
Overview:
Real-time notification and alerts are a high-priority in various developed and developing countries; increasing number of vehicles on-road and providing seamless movement of roadside assistance and emergency response seems to be the biggest problem in cities across the world. However, with the advent of technology solutions and IoT devices, roadside assistance can be simplified. The development of connected vehicles technology has opened up the automotive ecosystem to include other participants such as authorized vehicle service providers, insurance providers, emergency response teams, toll booths, independent software vendors, and app developers that has culminated to give rise to the concept of connected roadside assistance solution. Connected vehicles are considered to be one of the major drivers for investment in cellular communications technologies, which is driving the connected roadside assistance solution market. When it comes to buying a car today, roadside assistance solution are the new deal-breakers. Connected roadside assistance solution is just not software rather than it’s an amalgamation of many tools, hardware devices, software, and applications, which works in sync to provide roadside assistance.
In addition, lack of connected roadside assistance standards and technology infrastructure are holding back the potential of connected roadside assistance solution in emerging and undeveloped economies. Various types of internet-enabled connected roadside assistance solutions come with a proprietary software, which makes it difficult for connected roadside assistance hardware devices to communicate with other devices. In addition, the adoption of internet-enabled devices in vehicle diagnostics has picked up but not as expected in emerging economies such as India and Brazil. North America holds the largest share in the connected roadside assistance solution market. The North American countries have a well-developed ecosystem and strongly invests on R&D initiatives. Digitization across various sectors, technological advancements, rising adoption of smart devices, and smart mobility are the major drivers fueling the growth of the market in the region.
Market Analysis:
According to Infoholic Research, the global connected roadside assistance solution market is estimated to grow from $1,180.6 million in 2019 to $2,716.6 million by 2025, growing at a CAGR of 14.9% during the forecast period. North America connected roadside assistance solution market is expected to witness dominance and is estimated to grow from $482.3 million in 2019 to $1,112.7 million by 2025, growing at a CAGR of 15% during the forecast period. Furthermore, real-time notifications market is also expected to witness dominance and is estimated to grow from $185.8 million in 2019 to $436.5 million by 2025, growing at a CAGR of 15.3% during the forecast period. However, Asia Pacific and payment software markets are expected to witness higher growth rate during the forecast period 2019–2025. The market will be driven by the demand from the US and Asian countries. The Asian market has the strongest hold due to the presence of various large and small-scale automobile manufacturers.
Market Segmentation Analysis:
The study covers and analyzes the global connected roadside assistance solution market by components, OEM software & third-party apps market, and regions. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenarios, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and make informed decisions. The regions covered include North America, Europe, Asia Pacific, and Latin America, Middle East, & Africa. The revenue is generated mainly from North America, Europe, and Asia Pacific. North America is leading the market followed by Asia Pacific.
Regions and Vendors Analysis:
The report contains an in-depth analysis of vendors profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views. The key and prominent vendors covered in the report include Toyota, BMW AG, Ford Motor Company, Volkswagen, MedinyX, and Honk among other vendors. The vendors have been identified based on the portfolio, geographical presence, marketing & distribution channels, revenue generation, and significant investments in R&D.
Benefits:
The report encompasses the study of the connected roadside assistance solution market by components such as OEM hardware, OEM software, and third-party apps. Connected roadside assistance-based innovation has received a lot of traction in the last five years. Connected roadside assistance innovative software solutions and applications have a broad scope of use in the automobile industry. For instance, in 2018 BMW AG deployed a total of 80 electric vehicles to test the new technologies on highways and in urban environments across Europe, US, and China. The evolution of technologies such as cloud computing, cognitive computing, and machine learning is paving the way for the growth of connected roadside assistance solution market. Furthermore, the report provides details about the major challenges impacting the market growth.

Table of Contents
1 Executive Summary 9
1.1 High Dominance and High Growth Markets in Connected Roadside Assistance Solution 9
2 Industry Outlook 11
2.1 Industry Snapshot 11
2.1.1 Industry Trends 11
3 Market Snapshot 13
3.1 Total Addressable Market (TAM) 13
3.2 Segmented Addressable Market (SAM) 13
3.2.1 PEST Analysis 14
3.2.2 Porter’s Five Force Analysis 15
3.3 Related Markets 16
4 Market Characteristics 18
4.1 Market Overview 18
4.2 Market Segmentation 18
4.3 Market Dynamics 20
4.3.1 Drivers 20
4.3.1.1 Rise in demand for real-time communication systems 20
4.3.1.2 Rise in use of wireless solutions 21
4.3.1.3 Increasing business performance and capacity 21
4.3.2 Restraints 21
4.3.2.1 Complexity in connected roadside assistance solution integration with old vehicle 21
4.3.2.2 Lack of awareness 22
4.3.2.3 Managing traditional networks 22
4.3.3 Opportunities 22
4.3.3.1 Growth of cloud computing technology 22
4.3.3.2 Software as a core strategy 23
4.3.3.3 Emerging economies 23
4.3.4 DRO – Impact Analysis 24
4.3.5 Key Stakeholders 25
5 Connected Roadside Assistance Solution Market, By Components 26
5.1 Overview 26
5.2 OEM Hardware 27
5.3 OEM Software 29
5.4 Third-Party Apps 30
6 Connected Roadside Assistance Solution: OEM Software & Third-Party Apps Market by Sub-Segments 32
6.1 Overview 32
6.2 Real-time Notifications 33
6.3 Reporting & Analytics 35
6.4 Payment Software 36
6.5 Navigation Software 38
6.6 Other Software 39
7 Connected Roadside Assistance Solution Market, By Geography 41
7.1 Overview 41
7.2 North America 42
7.2.1 DRO for North America 43
7.3 Europe 46
7.3.1 DRO for Europe 47
7.4 Asia Pacific 49
7.4.1 DRO for Asia Pacific 50
7.5 LAMEA 53
7.5.1 DRO for LAMEA 54
8 Vendor Profiles 57
8.1 TOYOTA MOTOR CORPORATION 57
8.1.1 Overview 57
8.1.2 Business Units 58
8.1.3 Geographic Revenue 58
8.1.4 Business Focus 59
8.1.5 SWOT Analysis 60
8.1.6 Business Strategies 60
8.2 Bayerische Motoren Werke (BMW) AG 62
8.2.1 Overview 62
8.2.2 Business Units 63
8.2.3 Business Focus 63
8.2.4 SWOT Analysis 64
8.2.5 Business Strategies 64
8.3 Ford Motor Company 66
8.3.1 Overview 66
8.3.2 Business Units 67
8.3.3 Geographic Revenue 67
8.3.4 Business Focus 68
8.3.5 SWOT Analysis 68
8.3.6 Business Strategies 69
8.4 Volkswagen AG 71
8.4.1 Overview 71
8.4.2 Business Units 72
8.4.3 Business Focus 72
8.4.4 SWOT Analysis 73
8.4.5 Business Strategies 73
8.5 Verizon Telematics, Inc. 75
8.5.1 Overview 75
8.5.2 Market Exposure/Differentiating Factor 75
9 Companies to Watch for 77
9.1 Urgent.ly Inc. 77
9.1.1 Overview 77
9.1.2 Market Exposure/Differentiating Factor 77
9.2 HONK Technologies, Inc. 78
9.2.1 Overview 78
9.2.2 Market Exposure/Differentiating Factor 78
9.3 Morni 79
9.3.1 Overview 79
9.3.2 Market Exposure/Differentiating Factor 79
9.4 Medinyx Technologies GmbH 80
9.4.1 Overview 80
9.4.2 Market Exposure/Differentiating Factor 80
9.5 The Sun Exchange 81
9.5.1 Overview 81
9.5.2 Market Exposure/Differentiating Factor 81
10 Annexure 83
10.1 Report Scope 83
10.2 Research Methodology 83
10.2.1 Data Collation & In-house Estimation 83
10.2.2 Market Triangulation 84
10.2.3 Forecasting 85
10.3 Study Declarations 85
10.4 Report Assumptions 85
10.5 Abbreviations 86

Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Toyota, BMW AG, Ford Motor Company, Volkswagen, MedinyX, and Honk among other vendors

Please enter your personal details below
*
I want to buy this report
I am willing to know the scope of research
I have customized query over this report

Related Reports

Publisher :