The development of connected car technology accelerated digital disruption in the automotive industry. Verified Market Research valued the connected car market at USD 72.68 billion in 2019 and projected its value to reach USD 215.23 billion by 2027. Along with the rapid growth of this market’s worth, we observe the constant development of new customer-centric services that goes far beyond driving experience.
While the development of connected car technology created a demand for connectivity solutions and drive-assistance systems, companies willing to build their position in this market have to face some significant challenges. This article is the first one of the mini-series that guides you through the main obstacles with building software for connected cars. We start with the basics of a connected vehicle, then dive into details of prototyping and providing production-ready solutions. Finally, we analyze and predict the future of verticals associated with automotive – rental car enterprises, insurers, and mobility providers.
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