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Transparency Market Research published new market report"Connected Car Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019".The global connected car market is primarily driven by the changing consumer preference and growing awareness about safety and security. The growing need for connectivity and government mandates are also supporting the growth of this market. Some of the factors inhibiting the growth of this market are high cost of hardware and risk of distraction by driver. Rapid advancements in network technology serve as an opportunity, fuelling the growth of this market.The global connected car market is expected to reach USD 131.9 billion by 2019, growing at a CAGR of 34.7% from 2013 to 2019. 4G/long-term evolution (LTE) technology is in a commanding position due to its lower operating costs associated with high data transmission volumes as compared to other technologies.
Browse the report With Full TOC at http://www.transparencymarketresearch.com/connected-car.html