|By Marketwired .||
|May 27, 2014 04:01 AM EDT||
HAMPSHIRE, UNITED KINGDOM -- (Marketwired) -- 05/27/14 -- Global revenues from consumer and commercial telematics are forecast to reach nearly $20 billion by 2018, with additional 'soft revenues' being generated from areas such as car servicing, 'Big Data' enabled by telematics, and enhanced customer service.
These additional 'soft revenues' will form a key part of the future Connected Cars market as they will allow automotive manufacturers to generate revenues throughout the lifetime of the vehicle, rather than just at the point of sale.
The new report, Connected Cars: Consumer & Commercial Telematics and Infotainment 2014-2018, however claims that these 'soft revenues' will still remain a major untapped revenue source for the consumer telematics industry.
SIM mandation to drive new revenue streams
Meanwhile regulation in key markets, especially those in Europe and Latin America, will mandate the inclusion of SIMs in all new vehicles allowing OEMs (Original Equipment Manufacturers) to develop revenue streams around the embedded SIM model.
Split billing will also become increasingly important. "The ability to split the telematics bill, pioneered by major operators and systems integrators will have a positive impact on the telematics market. Granular billing for infotainment and other services will lead to new business models," added report author Anthony Cox.
The report anticipates that app integration into the vehicle through smartphone-tethering and direct integration into the head-unit will be accelerated by the launch of services like Apple's in-vehicle offering CarPlay. It argued that in-vehicle apps will become widespread in the next five years, even though most apps will be available free of charge.
Further findings include:
- Widespread smartphone-tethering and in-vehicle Apps will continue to drive down the price of vehicle manufacturers' own embedded infotainment services.
- The use of 4G LTE is becoming widespread in developed markets for telematics and infotainment, particularly in North America and Europe, despite a higher module cost.
The whitepaper, 'Connected Cars ~ Telematics at a Crossroads' is available to download from the Juniper Research website together with further details of the full report and the attendant Connected Cars IFxl (Interactive Forecast Excel).
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
For further details please contact
T: +44(0)1256 830 001
E: [email protected]
Sep. 27, 2016 04:45 PM EDT Reads: 315
Sep. 27, 2016 04:00 PM EDT Reads: 2,627
Sep. 27, 2016 03:30 PM EDT Reads: 284
Sep. 27, 2016 03:15 PM EDT Reads: 2,852
Sep. 27, 2016 03:15 PM EDT Reads: 2,756
Sep. 27, 2016 03:15 PM EDT Reads: 1,357
Sep. 27, 2016 03:00 PM EDT Reads: 1,689
Sep. 27, 2016 02:45 PM EDT Reads: 1,252
Sep. 27, 2016 02:45 PM EDT Reads: 2,201
Sep. 27, 2016 02:45 PM EDT Reads: 4,634
Sep. 27, 2016 02:15 PM EDT Reads: 1,991
Sep. 27, 2016 02:00 PM EDT Reads: 1,443
Data is an unusual currency; it is not restricted by the same transactional limitations as money or people. In fact, the more that you leverage your data across multiple business use cases, the more valuable it becomes to the organization. And the same can be said about the organization’s analytics. In his session at 19th Cloud Expo, Bill Schmarzo, CTO for the Big Data Practice at EMC, will introduce a methodology for capturing, enriching and sharing data (and analytics) across the organizati...
Sep. 27, 2016 01:30 PM EDT Reads: 1,713
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
Sep. 27, 2016 01:00 PM EDT Reads: 2,661
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 27, 2016 01:00 PM EDT Reads: 1,596