Managing the lifecycle of connected parts and applications in the global automotive industry

Globally connected vehicles are moving the automotive industry into a new era. Vehicles are being deployed with extensive sensor platforms that generate vast amounts of data from different systems (such as LIDAR, telematics control units, or OBD-II interfaces). At the same time, the advent of 5G and underlying low latency, high bandwidth V2X technology is enabling dozens of new, automotive use cases.

Together, these technological developments will revolutionize the globally connected vehicle market starting from the earliest stages of the manufacturing process to how people drive on the road. It should be no surprise then that the automotive IoT market is estimated to be worth $541.73 billion by 2025, growing at a CAGR of 16.4%.1 But with all these opportunities arising, is the industry equipped for this brave new world of connectivity?

This whitepaper looks at the readiness of the automotive industry for the future of IoT, how it will affect all the key stakeholders, and how they can make the most of this opportunity.

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