How Connected Cars Support Flexible Working Trends
In recent years there have been changes in the market, with higher adoption of hybrid and fully electric cars which require more complex operational monitoring technology. Plus, with more people embracing remote and flexible working models, the car can become a mobile office with all the associated business requirements, including reliable broadband connectivity.
Commercial Asset Tracking Market will Reach $33 Billion
The number of businesses using asset tracking solutions will reach 90 million in 2020, and exceed 114 million by 2025 — that’s a growth rate of 27 percent over the next five years, according to the latest worldwide market study by Juniper Research.
How the Mobile Internet Enables Connected Vehicles
Worldwide shipments of connected vehicles will reach 51.1 million units in 2019 — that’s an increase of 45.4% over 2018. By 2023, worldwide shipments are forecast to reach 76.3 million units with a five-year CAGR of 16.8%.
via IDC
Connected Cars Drive Mobile eCommerce Applications
According to the latest worldwide market study by Juniper Research, 775 million consumer vehicles will be connected via telematics or by in-vehicle apps by 2023, rising from 330 million vehicles in 2018. This is an average annual growth of 18.7 percent over the next 5 years.
Connected Car Commerce Revenue will Reach $100 Billion
Beyond the connected car ecosystem, there are opportunities for integration with other emerging technology ecosystems — such as the smart home and smart city technology. The ultimate commercial value of the ecosystem will be determined by others, such as government policymakers and Mobile Network Operators (MNOs).
Source: Digital Lifescapes
New Connected Car Apps Attract IoT Software Developers
ABI Research forecasts more than 143 million operating system (OS) solutions will ship in 2021 to support the software-defined car cockpits, or automotive head units that support cluster displays and in-vehicle infotainment.
Source: Digital Lifescapes
More Emerging Applications for the Connected Car Market
When consumers think about purchasing a new car, they typically give consideration to features that accommodate their lifestyle choices. In 2016, and beyond, wireless connectivity will be a key factor. Besides, the Internet of Things (IoT) phenomenon will be driven by compelling use-cases, not technology.
Source: Digital Lifescapes
How Auto Insurance Adapts to the Internet of Everything
The automotive industry is transforming rapidly as it embraces new paradigms — such as active safety, on-board automation and car sharing services. The onset of the Internet of Everything (IoE) has also created new applications for sensor data that can be applied toward the development of new business models.
Source: Digital Lifescapes
Vehicle Cyber Security Research and Development Trends
Market development activities for connected vehicle applications will increase dramatically during 2016, once automotive cyber security concerns are finally addressed, and those offering assurances are certain that deployment won’t negatively affect the functional safety of vehicles.
Source: Digital Lifescapes
Global Connected Cars Market will Reach 420 Million in 2020
On the market side, according to the latest IDATE forecast, 420 million automobiles will be connected in 2020 — that’s representing a 34% CAGR on the 74 million connected vehicles reported in 2014.
Source: IDATE
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