Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:


  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

Here's why tech companies like Apple and Google want to disrupt the auto industry

Published by Business Insider on Mon, 22 Jun 2015

Tech companies are primed to disrupt the auto industry over the next five years. These new players in the car market are looking to offer internet-based dashboard infotainment systems, connected car components and may even manufacture or sell their own cars.Why are tech companies trying to disrupt the auto industry' The answer is that the car industry generates a massive amount of money. BI Intelligence estimates that last year the connected car portion of the total car market was worth nearly $400 billion. That's more than the 2014 market value of the smartphone, PC, and wearables market combined. Yet that's still only a fraction of the$9 trillion automotive industry.In a new report from BI Intelligence, we take a deep dive into the connected-car market. We size the market for connected cars, determine the average selling price over time, and assess different manufacturers' approaches.Access The Full Report By Signing Up For A Trial Of BI IntelligenceHere are some of the key takeaways from the report:The connected-car market is growing at a five-year compound annual growth rate of 45% ' 10 times as fast as the overall car market. We expect that 75% of the estimated 92 million cars shipped globally in 2020 will be built with internet-connection hardware.But of the 220 million total connected cars on the road globally in 2020, we estimate consumers will activate connected services in only 88 million of these vehicles.Connected-car vehicle prices are out of reach for most car buyers, but they will drop significantly in the next few years. The high average selling price of $55,000 is driven by the fact that connected-car shipments tilt toward the luxury category.Connected-car technology is now split between approaches that put the internet connection in the car and those relying on a secondary device.Embedded connections don'trequire a phone's data plan to operate, and consumers and carmakers gain access to a wider variety of features and data.Embedded connections will win, in part because they offer two clear advantages to carmakers.They allow auto companies to collect data on cars' performance and send updates and patches to cars remotely, avoiding recalls related to the car's software.The report contains charts and data that can be downloaded and put to use.In full, the report:Sizes the connected car market and who will benefit the most from consumer adoptionDetermines total revenue from connected car sales between 2015-2020Assesses what percentage of connected cars will actually have services that are used by consumersExplains the two key competing connected car technologies and determines which one will win out and whyExamines how car companies will pair with wireless service providers to bring internet service to carsLooks at key examples of sales among select connected car manufacturersTo access the full report from BI Intelligence,sign up for a14-daytrial here. Members also gain access tonew in-depth reports,hundreds of charts and datasets,as well asdaily newsletterson the digital industry.Join the conversation about this story
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs