• About
  • Subscribe
  • Contact
Saturday, April 1, 2023
    Login
FutureIOT
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
No Result
View All Result
FutureIOT
No Result
View All Result
Home Application Commercial

IoT to power 775 million connected cars by 2023

Juniper Research forecasts in-vehicle commerce opportunities will drive total connected cars to exceed 775 million by 2023

FutureIoT Editors by FutureIoT Editors
November 13, 2018
IoT to power 775 million connected cars by 2023

IoT to power 775 million connected cars by 2023

A new report from Juniper Research has revealed that 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% over the next 5 years.

The new research, Consumer Connected Cars: Telematics, In-vehicle Apps & Connected Car Commerce 2018-2023, forecasts that automotive OEMs will enable in-vehicle infotainment systems to be accessible to third party developers.

In turn, this will accelerate expansion of new technologies and services that will increase the value proposition for drivers. In this context, Juniper anticipates the growth of in‑vehicle voice assistant use, as well as in-vehicle commerce.

Exceed 8.2 billion by 2023

The research found that the total spend over connected car eCommerce platforms will reach $265 billion by 2023. In order to cultivate a workable commerce ecosystem, Juniper urged stakeholder collaboration between automotive OEMs, network operators and payment solutions providers.

Juniper recommended that the provision of APIs and development platforms that enable third party development of payment-capable in-vehicle apps is essential to the creation of new and innovative OEM services.

However, research author Sam Barker remarked: “Until the market gains new entrants from outside the automotive ecosystem, the increase in transactions will be driven by convenience for the user, rather than the creation of new services themselves. By 2023, we expect that in-vehicle commerce transactions will be less than 1% of mobile and online transactions globally”.

370 million in-vehicle digital voice assistants

The research also forecasts that over 370 million in-vehicle digital voice assistants will be accessed by 2023. However, in-vehicle assistants must be given access to the vehicle’s basic functionality, such as climate control, to offer a differentiation point to smartphone-tethered options.

Juniper also forecasts that automotive OEMs will increase this access to vehicle systems, however mitigating risks, including security of data and driver distraction, will remain the highest priority.

Related:  Smart speaker market on the rise in China
Tags: automated vehiclesconnected vehiclesdigital voice assistantJuniper Research
FutureIoT Editors

FutureIoT Editors

No Result
View All Result

Recent Posts

  • HSM convergence creates a service-based market
  • Singaporeans get round-the-clock telemedicine service
  • Observations and impressions at Mobile World Congress 2023
  • AutoStore introduces enhanced workstations
  • 581 million labels get smart with IoT

Categories

  • Agriculture
  • AI and Machine Learning
  • Application
  • Application and Middleware
  • Automotive
  • Banking and Financial Services
  • Big Data and Analytics
  • Blockchain
  • Case Studies
  • Change Healthcare
  • Cloud and Platforms
  • Commercial
  • Construction
  • Consumer
  • Customer Engagement
  • Devices
  • Future Workplace
  • FutureCFO
  • Governance, Standards and Regulations
  • Government, Healthcare and Education
  • Hospitality and Tourism
  • Industrial
  • Industry
  • IT-OT integration
  • Manufacturing
  • Networking
  • Research and Development
  • Retail and E-commerce
  • Security
  • Sensors and Instrumentation
  • Smart Cities
  • smart contracts
  • Smart Home
  • Start-ups
  • Technology
  • TIBCO
  • Transportation and Logistics
  • Uncategorized
  • Videos
  • Whitepapers

About FutureIoT

Asia’s ONLY dedicated IoT publication

The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

Quick Links

  • Subscribe
  • Contact
  • Privacy Policy
  • Cookie Policy
  • Terms of Use

Categories

Recent News

Photo by iMin Technology: https://www.pexels.com/photo/person-standing-in-front-of-a-monitor-holding-a-pack-of-food-and-12935041/

HSM convergence creates a service-based market

April 1, 2023
Minmed Telemedicine Clinic

Singaporeans get round-the-clock telemedicine service

March 29, 2023
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

No Result
View All Result
  • Technology
    • Sensors and Instrumentation
    • Devices
    • Cloud and Platforms
    • Research and Development
    • Governance, Standards and Regulations
    • Application and Middleware
    • Security
    • Big Data and Analytics
    • AI and Machine Learning
  • Industry
    • Manufacturing
    • Transportation and Logistics
    • Retail and E-commerce
    • Banking and Financial Services
    • Government, Healthcare and Education
    • Industrial
  • Application
    • Smart Cities
    • Future Workplace
    • Commercial
    • Smart Home
    • Customer Engagement
  • Resources
  • Podchats
  • Videos
  • Events
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In