Syntronic has signed a technical cooperation agreement with a world-leading Internet of Vehicles (IoV) service provider. The IoV service provider has cutting-edge expertise in vehicular ad hoc networks and connected cars.
Under the new agreement, Syntronic’ s team provides cloud platform development as well as operation and maintenance support. Both parties envision a long-term collaboration.
A fast-growing market
The Internet of Vehicles (IoV) market experienced rapid growth between 2017 and 2022. According to market predictions, it is anticipated to continue to grow at a fast pace in the years to come.
Syntronic has noticed an increased demand for its services in the dynamic automotive sector. The interest in the global engineering design house’s expertise in integrated positioning, vehicle status monitoring, data management platforms and automotive networking products is continuously high.
Furthermore, Syntronic is noticing a keen interest for its design and test services related to embedded and in-vehicle software in the automotive industry. Syntronic predicts that the demand will continue to increase.