Ericsson published its new “Connected Cars: Succeeding in the midst of economic and societal transformation” report, in which it highlighted “significant” monetization opportunities for auto manufacturers embracing connectivity and connected-vehicle experiences. Of note, Ericsson addresses hoe OEMs must adapt to remain competitive in connected transportation.
According to Ericsson’s data, global revenue from car data monetization could hit the $450-$750 billion range by 2030.
Top challenges include connectivity cost, reliable coverage, cybersecurity, connectivity and subscription complexity, service economy transition and regulations.
”Automakers need to strategically consider the future of their business and capitalize on an evolving ecosystem of technology companies, information and entertainment companies, suppliers and many more players who are progressing innovation around the Internet of Things,” said Ericsson IoT General Manager, Kyle Okamoto. “This interesting report outlines how automakers can adapt and succeed in the market.”
A full copy of the report can be downloaded via https://www.ericsson.com/en/internet-of-things/forms/connected-cars.