The Connected Car/Automotive market has seen significant transformations over the last few years. Companies such as Tesla, Google, NVIDIA and Uber have transformed the traditional concept of a car from being a largely mechanical device to be a fully connected device. While the "connected" car can be considered a part of "Internet of Things", the features, security and analysis required are far more critical and hence it stands on its own as a separate vertical. The Future of Driving report from Adobe suggests that use of connected technology will bring about a paradigm shift in the driving experience as autonomous cars become more commonplace. Digital technology has become an inseparable part of our lives and will see a marked presence in the way we commute. In order to cater to the changing business landscape, automotive manufacturers are looking out for digital solutions to acceleration innovation in the connected car space.
By 2023, the fleet management industry is estimated to grow to a whopping $ 150 bn in the North America market alone. The fleet management industry is truly digitally transforming itself from the core by going beyond the usual requirements of route optimization and fleet tracking. Some of the major players in the fleet management industry are Insurance companies, passenger fleet, supply chain fleet and companies offering road assistance. While Insurance companies are looking to lower cost by replacing surveyor for low-value claims, passenger fleet companies want to increase monetization opportunities by showing location-based advertisements. Supply chain and passenger fleet companies are looking for enhanced risk management by employing means for driver coaching and distraction avoidance. And finally, companies offering roadside assistance want to make it more convenient by providing on-demand assistance.
At HSC, we leverage our deep expertise in communication technologies to enable and empower connected vehicles. Take a look at some of our service offerings to help Automotive OEMs accelerate innovation in the connected automotive space
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