Connected roadside assistance solution market Analysis, Latest Trends, Demand and Forecast

The MarketWatch News Department was not involved in the creation of this content.

Oct 30, 2020 (AmericaNewsHour) —
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.

Request Sample Copy on Connected Roadside Assistance Solution Market @

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 Kenneth 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.

Know More About This Report – Click here @


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 Rise in demand for real-time communication systems 20 Rise in use of wireless solutions 21 Increasing business performance and capacity 21
4.3.2 Restraints 21 Complexity in connected roadside assistance solution integration with old vehicle 21 Lack of awareness 22 Managing traditional networks 22
4.3.3 Opportunities 22 Growth of cloud computing technology 22 Software as a core strategy 23 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

About Kenneth Research

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

Contact Us

(Kenneth Research)
1412 Broadway,
21st Floor Suite MA111, 
New York, NY 10018
[Phone: +1 313 462 0609]

The post Connected roadside assistance solution market Analysis, Latest Trends, Demand and Forecast appeared first on America News Hour.


Is there a problem with this press release? Contact the source provider Comtex at You can also contact MarketWatch Customer Service via our Customer Center.

The MarketWatch News Department was not involved in the creation of this content.