IoT automotive market sizeDigital technologies is transforming practically every aspect of what it means to be an automotive manufacturer, OEM, or supplier. The Web of Items will usher in new opportunities for the automotive industry, but according to one particular market executive, the producers have to rethink their revenue and company models to remain competitive, and look beyond merely connected solutions. Cellular Automobile-to-Every little thing (Cellular V2X) describes a set of technologies that permit automobiles to communicate with each other and other wise transport options by means of existing cellular networks in licensed spectrum.

Self-driven automobiles as these are expected to transform the IoT-enabled automotive market place, predictive maintenance, rise in demand for smart devices, rise in telematics mandates by governments, and demand for smartphone features in cars drive the market. Even so, lack of cellular connectivity coverage and premium pricing are expected to hinder the development of the market … READ MORE >>>