Internet of Things (IoT) in Automotive Research Predicts the Emergence of Dominant Players Including BMW, Tesla, Toyota, and Volkswagen – GlobalData Plc
The Internet of Things (IoT) in Automotive Thematic Study by GlobalData Plc predicts the IoT market size to grow at an accelerating growth momentum at a CAGR of over 10% during the projected period. IoT is one of the automotive sector's primary enablers of digital transformation. It brings together various technologies, like AI, 5G, edge computing, and cloud computing, which helps reduce latency levels, allow real-time decision-making, and reduce human intervention in IoT ecosystems.
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