Mexican Media Brands
Telematics Services Could Surpass $7 Billion by 2019
Worldwide demand for in-car telematic services is likely to grow from roughly $2 billion today to $5 billion in five years and could reach $7.3 billion by then, Strategy Analytics Inc. predicts.
#economics
Share
Worldwide demand for in-car telematic services is likely to grow from roughly $2 billion today to $5 billion in five years and could reach $7.3 billion by then, Strategy Analytics Inc. predicts.
But the Boston-based company's 48-page report, Monetizing Telematics Service Revenues, cautions that actual subscription revenue per customer for such services will steadily fall over the same period.
The analysis says subscriptions act as a barrier to other possible benefits of telematic services. It opines that manufacturers could realize far larger benefits by using their telematic capabilities to cut software-related recall costs and build customer retention and aftersales.
The study reviews current strategies of 11 carmakers and the role of seven carrier-driven strategies.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.