Connected Car Service Providers to Reap $17B in 2018 as GM, BMW, Tesla and Others Ramp Smart Apps | Be Korea-savvy

Connected Car Service Providers to Reap $17B in 2018 as GM, BMW, Tesla and Others Ramp Smart Apps


Infonetics expects revenue derived by service providers for the connectivity and other basic value-added services they provide to the automotive, transport, and logistics (a.k.a. connected car) segment to more than triple from 2013 to 2018, to $16.9 billion worldwide. (image: Infonetics Research/ BusinessWire)

Infonetics expects revenue derived by service providers for the connectivity and other basic value-added services they provide to the automotive, transport, and logistics (a.k.a. connected car) segment to more than triple from 2013 to 2018, to $16.9 billion worldwide. (image: Infonetics Research/ BusinessWire)

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CAMPBELL, Calif. July  17, 2014 (Korea Bizwire)–Market research firm Infonetics  Research released excerpts from its new Connected  Car M2M Connections and Services market size and  forecasts report, which focuses on the telecom-related services  available for automotive applications, fleet management, and telematics,  as well as the business models and trends that are driving the connected  car machine-to-machine (M2M) market.

ANALYST NOTE

“Unlike the smart grid vertical, which favors 2G technology to keep  usage cheap, or connected cameras, which require at least 3G and ideally  4G technology for good quality, the connected car vertical is able to  make use of every generation of cellular technology available. This  means that just about any communications service provider, whether they  have 2G, 3G, 4G, LTE or a combination of technologies, can find a niche  in the connected car space,” says Godfrey  Chua, directing analyst for M2M and the Internet of Things (IoT) at Infonetics  Research.

Chua  adds: “Next-gen 3G and 4G technologies are paving the way for improved  interactivity, video, real-time analytics, and other smart apps in the  connected car space—and thus a greater probability for service adoption.  LTE will be the fastest-growing cellular technology in cars, expanding  135% annually between 2014 and 2018. A major boon will come from AT&T’s  agreement with GM to deploy LTE for the OnStar  service.”

CONNECTED CAR REPORT HIGHLIGHTS

  • In an effort to differentiate their vehicles, major auto manufacturers  including GM, BMW, and Tesla are making significant  investments in connected car programs; the result is growing  partnerships between leading M2M service providers like AT&T  and China Mobile and automotive brands
  • Some service providers are seeing as much as 90% of their  machine-to-machine (M2M) revenue generated from the connected car  segment
  • North America is the foundation of the global connected car business,  accounting for 37% of global service revenue in 2013; Europe and Asia  will be fast-growing regionsInfonetics expects revenue derived by service providers for the  connectivity and other basic value-added services they provide to the  automotive, transport, and logistics (a.k.a. connected car) segment to  more than triple from 2013 to 2018, to $16.9 billion worldwide
    • With sizeable auto markets and large land areas, countries like  the U.S. and China are ideal for connected vehicle services
  • Infonetics expects revenue derived by service providers for the   connectivity and other basic value-added services they provide to the automotive, transport, and logistics (a.k.a. connected car) segment to more than triple from 2013 to 2018, to $16.9 billion worldwide
  • The connected car services market is growing at a 2013–2018 compound  annual growth rate (CAGR) of 25%, nearly 21 times the growth rate  expected for traditional mobile voice and data services during the  same time period

INFONETICS IS HIRING

Infonetics Research is hiring an M2M and Internet of Things analyst,  Account Director for EMEA and India, research and market analysts, and  audience development people. See job openings at http://www.infonetics.com/jobopp.asp.

M2M CONNECTED CAR REPORT SYNOPSIS

Infonetics’ annual connected  car M2M connections and services report provides worldwide and  regional market size, forecasts through 2018, analysis, and trends for  connected car M2M connections by technology (GSM/GPRS/EDGE,  CDMA2000/EV-DO, W-CDMA/HSPA, LTE, TD-SCDMA, other WAN wireless, PAN  wireless, wireline). Automotive manufacturer connected car programs  tracked: Audi, BMW, Ford, GM, Tesla, Mercedes Benz, Toyota, and Volvo.  M2M service providers and specialist MVNOs  tracked: Aeris Communications, AT&T, China Mobile, China  Unicom, Deutsche Telekom, Kore Telematics, Numerex, Orange, Raco  Wireless, Telefónica, Telenor, Sprint, Verizon, and Vodafone.

The report also includes select service provider announcements with  updates on activity by equipment manufacturers including Audi,  Hyundai, and Tesla. Service providers noted include Deutsche Telekom,  KPN, NTT docomo, Raco Wireless, Telefónica, TeliaSonera,  and Verizon. To buy  the report, contact Infonetics: www.infonetics.com/contact.asp.

ABOUT INFONETICS

Infonetics Research (www.infonetics.com)  is an international market research and consulting firm serving the  communications industry since 1990. A leader in defining and tracking  emerging and established technologies in all world regions, Infonetics  helps clients plan, strategize, and compete effectively. View  Infonetics’ About Us slides.

Source: Infonetics Research (via BusinessWire)

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