The Real-time notification and alerts are a high-priority in several developed and developing regions; the effective growth in number of vehicles on-road and delivering the seamless movement of roadside assistance and emergency response seems to be the biggest issue in cities around the world. However, with the beginning of technology solutions and IoT devices, roadside assistance can be streamlined. The development of connected vehicles technology has unbolted up the automotive ecosystem to comprise the other participants such as authorized vehicle service providers, insurance providers, emergency response teams, toll booths, independent software vendors, and app developers that has terminated to give augment to the perception of connected roadside assistance solution.
According to the report analysis, ‘Global Connected Roadside Assistance Solution Market 2020-2026 by Offering, Vehicle Type, Service Type, Solution Provider, and Region: Trend Forecast and Growth Opportunity’ states that Access Roadside Assistance, Allianz Worldwide Partners, American Automobile Association (AAA), Auto Vantage, Bayerische Motoren Werke (BMW) AG, Best Roadside Service, Better World Club, Chubb Limited, Falck AS, Ford Motor Company, Good Sam Enterprise, Honk Technologies, Inc., Medinyx Technologies GmbH, National General Insurance, Paragon Motor Club, RAC Group (Holdings) Ltd., Roadside Masters, The Allstate Corp., The Sun Exchange, Toyota Motor Corporation, TVS Auto Assist India Limited, Verizon Telematics, Inc., Viking Redningstjeneste Topco AS., Volkswagen AG and several others are the major companies which recently operating in the worldwide connected roadside assistance solution market for leading the highest market growth and dominating the handsome value of market share around the globe more proficiently over the upcoming years while delivering the better consumer satisfaction, decreasing the linked prices, employing the young work force, spreading the awareness connected to such, analysing the strategies and policies of the government as well as competitors, developing the applications of such, implementing the policies of profit making and enlargements and establishing the several research and development programs.
Although, the connected vehicles are measured to be one of the foremost drivers for investment in cellular communications technologies, which is propelling the connected roadside assistance solution market. When it comes to purchasing a car today, roadside assistance solution are the fresh deal-breakers. Connected roadside assistance solution is just not software rather than it’s an amalgamation of several tools, hardware devices, software, and applications, which functions in sync to deliver the roadside assistance.
In addition, the implementation of internet-enabled devices in vehicle diagnostics has picked up but not as projected in emerging regions such as India and Brazil. North America holds the greatest share in the connected roadside assistance solution market. The North American regions have a well-developed ecosystem and strongly invest on R&D initiatives. Digitization around the several sectors, technological advancements, increasing adoption of smart devices, and smart mobility are the foremost drivers propelling the growth of the market in the region. Therefore, in the near years, it is predicted that the market of connected roadside assistance solution will increase around the globe more proficiently over the forthcoming duration.
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Ankur Gupta, Head Marketing & Communications