How big is the Internet of Cars Market?

The Internet of Cars Market size is expected to reach USD 161.51 billion in 2024 and grow at a CAGR of 16.38% to reach USD 344.82 billion by 2029. Read More

What is the current Internet of Cars Market size?

In 2024, the Internet of Cars Market size is expected to reach USD 161.51 billion. Read More

Who are the key players in Internet of Cars Market?

Cisco Systems Inc., IBM Corporation, Bosch Software Innovations GmbH., Waymo LLC (Alphabet Inc.) and Tesla Motors. Inc. are the major companies operating in the Internet of Cars Market. Read More

Which is the fastest growing region in Internet of Cars Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Internet of Cars Market?

In 2024, the North America accounts for the largest market share in Internet of Cars Market. Read More

What years does this Internet of Cars Market cover, and what was the market size in 2023?

In 2023, the Internet of Cars Market size was estimated at USD 138.78 billion. The report covers the Internet of Cars Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Internet of Cars Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Internet of Vehicle Market - Size, Share & Industry Analysis

Internet of Vehicle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Internet of Cars Market Forecast and it is segmented by Software Solutions (Real-Time Transit Management System, Security Solution, Remote Monitoring Systems, Network Bandwidth Management, Fleet Management), Applications (Mobility Management, Vehicle Management, Integrated Entertainment), End-user (Transportation and Logistics, Automotive), and Geography (North America, Europe, Asia Pacific, Rest of World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Internet of Vehicle Industry Overview

The Internet of cars market is highly competitive and has a few significant players. Some of the players now control the market in terms of market share. However, new players are growing their market presence and commercial footprint throughout emerging nations due to the development of IoT services across the linked transportation platform.

April 2023 - Bosch has expanded its portfolio of manufacturing equipment for battery production to include hardware and software specifically for recycling operations. Where a Joint venture between REMONDIS subsidiary TSR Recycling and Rhenus Automotive has built Europe's first fully automated battery recycling plant in Magdeburg using Bosch Rexroth technology
February 2023 - Cisco and NEC have announced the expanded areas of collaboration under their Global Systems Integrator Agreement (GSIA) with augmented solutions for scalable 5G xHaoultransport networks, such as enhanced capabilities for end-to-end automation and routed optical networking to support operators' monetization of 5G, As part of the new collaboration, NEC will leverage its vast ecosystem and expertise as a global network integrator to overcome the complexity of multi-vendor networks. The company's 5G Transport Centers of Excellence in EMEA and LATAM, with local and regional engineering capabilities and a pool of global experience, will play a central role in navigating customers' end-to-end network.