Companies are pouring money into the Internet of Things (IoT), and one area of particular interest to investors is IoT connected cars. Business Insider Intelligence expects connected car shipments to rise from 33 million in 2017 to over 77 million by 2025.
Automakers have correctly noticed a growing trend and a significant business opportunity for connecting their cars to the internet, since there are projected to be around 14 million semi- or fully autonomous vehicles (AVs) on the roads in the US by 2025.
But it won’t just be in-car wi-fi that changes the automotive industry. Public transportation, such as buses and trains, will also transform thanks to the IoT. Subway cars in New York City, for example, will start to have chargers, built-in Wi-Fi, and security cameras, according to the city’s Metropolitan Transportation Authority.
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