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Global Connected Roadside Assistance Solution Market Forecast to 2025

  • ID: 4770598
  • Report
  • Region: Global
  • 80 Pages
  • Infoholic Research LLP
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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 at a CAGR of 14.9%

FEATURED COMPANIES

  • Ford Motor Company
  • Honk Technologies, Inc.
  • Medinyx Technologies GmbH
  • Morni
  • The Sun Exchange
  • Toyota Motor Corporation
  • MORE

Overview:
Real-time notification and alerts are a high-priority in various developed and developing countries; an increasing number of vehicles on-road and providing seamless movement of roadside assistance and the 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 have 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, the roadside assistance solution is the new deal-breaker. 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, a 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 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 the author, 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, the 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 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 into 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 the Asia Pacific. North America is leading the market followed by the 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 market growth.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Ford Motor Company
  • Honk Technologies, Inc.
  • Medinyx Technologies GmbH
  • Morni
  • The Sun Exchange
  • Toyota Motor Corporation
  • MORE

1 Executive Summary
1.1 High Dominance and High Growth Markets in Connected Roadside Assistance Solution

2 Industry Outlook
2.1 Industry Snapshot
2.1.1 Industry Trends

3 Market Snapshot
3.1 Total Addressable Market (TAM)
3.2 Segmented Addressable Market (SAM)
3.2.1 PEST Analysis
3.2.2 Porter’s Five Force Analysis
3.3 Related Markets

4 Market Characteristics
4.1 Market Overview
4.2 Market Segmentation
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Rise in demand for real-time communication systems
4.3.1.2 Rise in use of wireless solutions
4.3.1.3 Increasing business performance and capacity
4.3.2 Restraints
4.3.2.1 Complexity in connected roadside assistance solution integration with an old vehicle
4.3.2.2 Lack of awareness
4.3.2.3 Managing traditional networks
4.3.3 Opportunities
4.3.3.1 Growth of cloud computing technology
4.3.3.2 Software as a core strategy
4.3.3.3 Emerging economies
4.3.4 DRO – Impact Analysis
4.3.5 Key Stakeholders

5 Connected Roadside Assistance Solution Market, by Components
5.1 Overview
5.2 OEM Hardware
5.3 OEM Software
5.4 Third-Party Apps

6 Connected Roadside Assistance Solution: OEM Software & Third-Party Apps Market by Sub-Segments
6.1 Overview
6.2 Real-time Notifications
6.3 Reporting & Analytics
6.4 Payment Software
6.5 Navigation Software
6.6 Other Software

7 Connected Roadside Assistance Solution Market, by Geography
7.1 Overview
7.2 North America
7.2.1 DRO for North America
7.3 Europe
7.3.1 DRO for Europe
7.4 Asia Pacific
7.4.1 DRO for Asia Pacific
7.5 LAMEA
7.5.1 DRO for LAMEA

8 Vendor Profiles
8.1 TOYOTA MOTOR CORPORATION
8.1.1 Overview
8.1.2 Business Units
8.1.3 Geographic Revenue
8.1.4 Business Focus
8.1.5 SWOT Analysis
8.1.6 Business Strategies
8.2 Bayerische Motoren Werke (BMW) AG
8.2.1 Overview
8.2.2 Business Units
8.2.3 Business Focus
8.2.4 SWOT Analysis
8.2.5 Business Strategies
8.3 Ford Motor Company
8.3.1 Overview
8.3.2 Business Units
8.3.3 Geographic Revenue
8.3.4 Business Focus
8.3.5 SWOT Analysis
8.3.6 Business Strategies
8.4 Volkswagen AG
8.4.1 Overview
8.4.2 Business Units
8.4.3 Business Focus
8.4.4 SWOT Analysis
8.4.5 Business Strategies
8.5 Verizon Telematics, Inc.
8.5.1 Overview
8.5.2 Market Exposure/Differentiating Factor

9 Companies to Watch for
9.1 Urgent.ly Inc.
9.1.1 Overview
9.1.2 Market Exposure/Differentiating Factor
9.2 HONK Technologies, Inc.
9.2.1 Overview
9.2.2 Market Exposure/Differentiating Factor
9.3 Morni
9.3.1 Overview
9.3.2 Market Exposure/Differentiating Factor
9.4 Medinyx Technologies GmbH
9.4.1 Overview
9.4.2 Market Exposure/Differentiating Factor
9.5 The Sun Exchange
9.5.1 Overview
9.5.2 Market Exposure/Differentiating Factor

10 Annexure
10.1 Report Scope
10.2 Research Methodology
10.2.1 Data Collation & In-house Estimation
10.2.2 Market Triangulation
10.2.3 Forecasting
10.3 Study Declarations
10.4 Report Assumptions
10.5 Abbreviations

List of Tables
Table 1 Global Connected Roadside Assistance Solution Market Value, by Components, 2019–2025 ($Million)
Table 2 OEM Hardware Market Revenue, by Geography, 2019–2025 ($Million)
Table 3 OEM Software Market Revenue, by Geography, 2019–2025 ($Million)
Table 4 Third-Party Apps Market Revenue, by Geography, 2019–2025 ($Million)
Table 5 OEM Software & Third-Party Apps Market by Sub-Segments, 2019–2025 ($Million)
Table 6 Real-Time Notifications Market Revenue, by Geography, 2019–2025 ($Million)
Table 7 Real-Time Notifications Market Revenue, by Geography, 2019–2025 ($Million)
Table 8 Payment Software Market Revenue, by Geography, 2019–2025 ($Million)
Table 9 Navigation Software Market Revenue, by Geography, 2019–2025 ($Million)
Table 10 Other Software Market Revenue, by Geography, 2019–2025 ($Million)
Table 11 Global Connected Roadside Assistance Solution Market Revenue, by Geography, 2019–2025 ($Million)
Table 12 DRO For North America
Table 13 Connected Roadside Assistance Solution Market Revenue In North America, by Components, 2019–2025 ($Million)
Table 14 North America OEM Software & Third-Party Apps Market by Sub-Segments, 2019–2025 ($Million)
Table 15 DRO For Europe
Table 16 Connected Roadside Assistance Solution Market Revenue In Europe, by Components, 2019–2025 ($Million)
Table 17 Europe OEM Software & Third-Party Apps Market by Sub-Segments, 2019–2025 ($Million)
Table 18 DRO For Asia Pacific
Table 19 Connected Roadside Assistance Solution Market Revenue In Asia Pacific, by Components, 2019–2025 ($Million)
Table 20 Asia Pacific OEM Software & Third-Party Apps Market by Sub-Segments, 2019–2025 ($Million)
Table 21 DRO For LAMEA
Table 22 Connected Roadside Assistance Solution Market Revenue In LAMEA, by Components, 2019–2025 ($Million)
Table 23 LAMEA OEM Software & Third-Party Apps Market by Sub-Segments, 2019–2025 ($Million)

List of Charts
Chart 1 High Dominance and High Growth Markets, 2019 & 2025
Chart 2 Global Connected Roadside Assistance Solution Market Revenue, 2019–2025 ($Million)
Chart 3 Pest Analysis: Connected Roadside Assistance Solution Market
Chart 4 Porter’S 5 Force Analysis: Connected Roadside Assistance Solution Market
Chart 5 Market Segmentation: Connected Roadside Assistance Solution
Chart 6 Market Dynamics – Drivers, Restraints & Opportunities
Chart 7 DRO – Impact Analysis: Connected Roadside Assistance Solution Market
Chart 8 Global Connected Roadside Assistance Solution Market by Components, 2019 and 2025
Chart 9 OEM Hardware Market Revenue, 2019–2025 ($Million)
Chart 10 OEM Software Market Value, 2019–2025 ($Million)
Chart 11 Third-Party Apps Market Revenue, 2019–2025 ($Million)
Chart 12 Connected Roadside Assistance Solution: OEM Software & Third-Party Apps Market by Sub-Segments, 2019 and 2025
Chart 13 Real-Time Notifications Market Revenue, 2019–2025 ($Million)
Chart 14 Reporting & Analytics Market Revenue, 2019–2025 ($Million)
Chart 15 Payment Software Market Revenue, 2019–2025 ($Million)
Chart 16 Navigation Software Market Revenue, 2019–2025 ($Million)
Chart 17 Other Software Market Revenue, 2019–2025 ($Million)
Chart 18 Connected Roadside Assistance Solution Market Share by Regions, 2019 and 2025
Chart 19 Connected Roadside Assistance Solution Market Revenue In North America, 2019–2025 ($Million)
Chart 20 Connected Roadside Assistance Solution Market Revenue In Europe, 2019–2025 ($Million)
Chart 21 Connected Roadside Assistance Solution Market Revenue In Asia Pacific, 2019–2025 ($Million)
Chart 22 Connected Roadside Assistance Solution Market Revenue In LAMEA, 2019–2025 ($Million)
Chart 23 Toyota Motor Corporation: Overview Snapshot
Chart 24 Toyota Motor Corporation: Business Units
Chart 25 Toyota Motor Corporation: Geographic Revenue
Chart 26 Toyota Motor Corporation: SWOT Analysis
Chart 27 Bayerische Motoren Werke (BMW) AG: Overview Snapshot
Chart 28 Bayerische Motoren Werke (BMW) AG: Business Units
Chart 29 Bayerische Motoren Werke (BMW) AG: SWOT Analysis
Chart 30 Ford Motor Company: Overview Snapshot
Chart 31 Ford Motor Company: Business Units
Chart 32 Ford Motor Company: Geographic Revenue
Chart 33 Ford Motor Company: SWOT Analysis
Chart 34 Volkswagen AG: Overview Snapshot
Chart 35 Volkswagen AG: Business Units
Chart 36 Volkswagen AG: SWOT Analysis
Chart 37 Verizon Telematics, Inc.: Overview Snapshot
Chart 38 Research Methodology Of Global Connected Roadside Assistance Solution Market: Triangulation

Note: Product cover images may vary from those shown
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  • Bayerische Motoren Werke (BMW) AG
  • Ford Motor Company
  • Honk Technologies, Inc.
  • Medinyx Technologies GmbH
  • Morni
  • The Sun Exchange
  • Toyota Motor Corporation
  • Urgent.ly Inc.
  • Verizon Telematics, Inc.
  • Volkswagen AG
Note: Product cover images may vary from those shown
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