Connected-car services and paid functional updates

Connected-car services and paid functional updates

Publication Date: 05-Feb-2024

This report aims to explain:
What strategies are being employed by original equipment manufacturers to exploit the connected-car services space?
How are connected-car services evolving and key mobility stakeholders are placed in this value chain?
Which paid over-the-air (OTA) updates are trending and which segments are the most important?

Traditional automotive OEMs are increasingly shifting focus from purely vehicle manufacturing to recurring revenue streams, such as connected-car services subscription, software-as-a-service (SaaS) and mobility-as-a-service (MaaS). Beyond regular connected services, a suite of EV-specific connected services are fast emerging, such as those related to charging.

Vehicles are getting increasingly software-defined and continuous universal connectivity enables them to:

  • Communicate with their environment, collect data in real time and send it to the cloud.
  • Using this data, connected features and services can be continually enhanced and re-uploaded to the vehicle using over-the-air updates.

This report aims to explain what strategies are being employed by OEMs to exploit the connected services space. It also provides an overview of how connected-car services are evolving and how key mobility stakeholders are placed in this value chain.

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