After close to a decade of connecting vehicles, seeing the adoption of internet enabled vehicles by the consumer auto industry is very gratifying. Back in 2006, thousands of taxis installed the CIRA enabling credit card processing and digital signage applications. Statista, a leading statistics portal, posted today that IHS automotive estimates the connected vehicle market will grow to 152 million vehicles by 2020.
There were 23 million consumer vehicles in 2013 with internet connectivity. Wow! Do you need another indicator that the IoT is exploding with growth?
“The market for smart vehicles is certainly set for takeoff and many analysts predict they could revolutionize the world of automobiles in much the same way smartphones have changed the face of telecommunications.” Niall McCarthy, Statista