What the Internet of Things Means for Car Companies

What the Internet of Things Means for Car Companies

In the Internet of Things (IoT), formerly unconnected devices are wirelessly linked to the Internet so that they can report and collect data or automate systems. It’s fairly clear that the IoT will soon be a multitrillion-dollar business, with estimates of its size reaching $11 trillion to $19 trillion a year by 2025, according to McKinsey and Cisco.  And one of the most important industries for IoT is the automotive market. Connected cars, autonomous driving systems, artificial intelligence, cloud computing, and a host of other technologies are driving huge changes for carmakers, and the IoT has a hand in them all.  By 2020, consultancy Gartner estimates that nearly 250 million cars will be connected to the Internet, and PriceWaterhouseCooper forecasts that the connected car market will be worth $149 billion by that…


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