The automotive industry is rapidly evolving in the era of the Internet of Things (IoT), just like many other sectors. In a recent report by Transforma Insights, it was revealed that the connected car industry is poised for significant growth, with an estimated 2.5 billion connections projected by 2030.
Connected cars are identified as one of the most substantial segments within the Internet of Things (IoT) forecasts, constituting 28% of cellular connections by the end of 2021, with a slight decrease to 26% expected by 2030. This prominence is due to the large number of mobile, high-bandwidth cellular connections within the connected car space. The high relevance of the automotive sector for IoT is also reflected in the 1NCE customer base. Out of the 15 000 customers we serve today over 13% are from the automotive sector. which are based in 39 countries, including the US, Italy, Germany, France, the UK, and other markets. Additionally, we see material evidence of the global character of IoT use cases in automotive based on the fact that our customers are using the 1NCE service in more than 91 countries worldwide.