The telematics sector will continue to prosper, according to research which suggests that 20 percent of the global car market will be made up of connected five-passenger vehicles by 2019.
Read more: The Connected Person
Juniper Research, who conducted the study, predicts that the machine-to-machine sector will produce more than $40 billion in global service revenues by 2019, which would double the size of the current market. The study, M2M & Embedded Devices: Strategic Analysis & Vertical Market Forecasts 2015-19, predicts that smart metering initiatives will experience speedy takeover in the next six years.
Connected Cars to Represent 20% of the Global Car Market by 2019, Predicts Juniper Research
Hi-tech analysts Juniper Research are forecasting that the telematics sector will continue to outperform all other M2M markets over the next five years, in revenue terms, with one in five passenger vehicles connected globally …