Bright Box, a global vendor of connected car services, today announced it has been named one of the Top 5 Vendors in the Automotive Connected Car Platform Market from 2017 to 2021 according to the recent report by leading global technology research and advisory company Technavio.
Bright Box came in the top 5 along with Microsoft and Cisco Jasper. This research report also lists 10 other prominent vendors that are expected to impact the market during the forecast period. The company's inclusion in the TOP 5 vendors, in the automotive market platform for cars, from 2017 to 2021, means that the product portfolio and latest developments are highly regarded for advanced cases and innovative technology on the connected car market. It’s important for the understanding of the market and choosing the effective platform.
Regarding the report in terms of revenue, the global automotive connected car market will reach USD 8.47 billion by 2021, growing at a CAGR of almost 11%. Connected car technology is a vital development in the automotive industry, and the rising demand for connectivity solutions is allowing the connected car adoption to increase significantly compared to the growth of the passenger car segment. For instance, the connected car market is expected to grow about 10 times faster in terms of CAGR than the overall passenger car market during the forecast period.
«Bright Box has success growth methodology including prioritizing customer development over product development, really quick implementation, an entire stack of independently developed technologies on top of best of breed technology platforms from Microsoft and Cisco-Jasper,» said Alexander Dimchenko, Chief Strategy Officer of Bright Box. «A new global connected car solution comprises all of the components that an automobile manufacturer needs: a cloud-based connected car solution, fast implementation within 4 months, customer retention services based on artificial intelligence technology. And we’re excited to see that recognized by the automotive community».