Analysis of Connected Vehicle Opportunities in the Age of the Internet of Things (IoT)
Connected living encompasses all aspects of a person’s life: connected home, connected work, and connected city, all of which are expected to reach $ billion by 2020 with connected city accounting for over % of the market.
The explosive growth of the Internet of Things (IoT) will impact city infrastructure, performance, efficiency, security, and cost to support implementation.
A fully functioning connected city will be driven by the need for smart mobility, governance, education, and banking.
Tremendous opportunities lie in providing citywide traffic monitoring systems, infrastructure for electric vehicle charging, parking, tolling and congestion management, integrated ticket and fare management solutions, traffic prediction tools, and integrated traffic management.
With more than 200 million cars connected by 2020, immense opportunities exist in parallel spaces such as smart payment and personalization with enablers like near field communication (NFC) and radio frequency identification (RFID).
About this report
This market insight provides a concise and holistic view of the tremendous opportunities that open up in the wake of the Internet of Things, particularly in the transportation space. The research identifies a gold mine of possibilities arising for sensors, biometrics, and micro controllers required to operate connected vehicle features such as payment systems, mobile traffic services, health monitoring systems, and infotainment. A brief picture of a convergent and connected transportation landscape is illustrated.
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