Transforming the connected car market
The connected car a huge market opportunity for auto manufacturers, operators and connected service providers and of one the main growth areas of M2M and IoT. According to Machina Research, the total global revenue for the Connected Car sector stood at $37.5 billion in 2015, and is predicted to increase massively to $151.8 billion in 2020.
Recently, the auto sector took a huge leap in enabling the next generation of connected cars by supporting the GSMA Embedded SIM Specification to underpin vehicle connectivity. This will provide enhanced security for a range of connected services, enable the vehicle to be connected by multiple Operators and allow the selection of local Operators’ connectivity at the vehicle’s country of destination.
The GSMA’s Embedded SIM Specification uses Remote SIM Provisioning technology and therefore enables late stage programming of M2M devices. In the auto sector, this will massively simplify production and will accelerate the growth of the connected car market as a result – this will of course apply to other sectors that also use M2M and IoT solutions. But what is this smart new technology and how does it work? In this short video, our SIM expert Gary Waite explains in simple terms how this innovation is transforming the connected car market.