Connected car services to bring in $40 billion in annual revenue by 2020
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A report from SNS Research estimates that connected car services will bring in nearly $40 billion (£27.3bn) in annual revenue by 2020, including infotainment, navigation and fleet management among others.
The connected car segment is the fastest growing vertical in the Internet of Things (IoT) market due to the growth in use of embedded in-vehicle connectivity and smartphone integration platforms, the researchers argue. All major automotive OEMs are investing in connected car...