With a shrinking opportunity to grow vehicle sales, connectivity services offer the transportation industry new revenue opportunities, ways to attract customers
A new report from Navigant Research analyzes the landscape for customer-facing transportation data services, including regulatory drivers, implementation issues, and potential products related to automotive data services, with global market forecasts for the growth of services, through 2025.
In the coming years, developments in connectivity, automation, and cloud-based services are expected to merge with electrification to create an autonomous, on-demand mobility ecosystem. The resulting pervasive connectivity will offer a unique opportunity for businesses that are connected to the transportation ecosystem to provide data-driven products and services to consumers and fleets. Click to tweet: According to a new report from @NavigantRSRCH, nearly 430 million vehicles in use globally are expected to have built-in telematics by 2025.
“In the next decade, a staggering amount of vehicles will come to rely on built-in data connections capable of providing increasing amounts of data about usage and location that can be leveraged to enable an array of customer-facing services,” says Sam Abuelsamid, senior research analyst with Navigant Research. “These services can enhance the customer ownership experience and provide new revenue opportunities for original equipment manufacturers (OEMs) and service providers.”
These new opportunities are good news for industry players as the automotive retail landscape reaches saturation levels in developed markets and slows in emerging markets, according to the report. With a shrinking opportunity to grow vehicle sales, every player in the ecosystem is expected to be looking for new revenue opportunities, ways to use infrastructure more efficiently, and methods of improving the user experience that help to retain and attract customers.
The report, Data Services for Automotive Applications, examines the market landscape for customer-facing transportation data services. The study analyzes the regulatory drivers, implementation issues, and potential products related to data services for automotive applications. Global market forecasts for the growth of services such as usage-based insurance (UBI) and lead generation made possible through the analysis of vehicle telemetry data extend through 2025. The report also examines the key enabling technologies related to transportation data services, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Data Services for Automotive Applications, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.