One in Five Passenger Vehicles To Be Connected Within Four Years, Juniper Says

One in five passenger vehicles will be connected worldwide by 2019, a Juniper Research report said. Juniper forecasts that the telematics sector will continue to lead all other machine-to-machine (M2M) markets over the next five years. With smartphones as the “key disrupter” for the M2M market, sectors including CE, healthcare and retail will continue to evolve, doubling service revenue to more than $40 billion globally by 2019, Juniper said. The U.S. remains the leading geographical region for M2M, ahead of Western Europe, though China is gaining as initiatives by major Chinese carriers begin to take shape, it said. In the utility sector, the rollout of smart metering initiatives, especially in China and India, will see “rapid up-take” over the next six years, driven in part by governments' efforts to increase efficiency, including the development of smart cities, Juniper said. But the utility segment isn’t expected to generate revenue similar to that of the connected car market, it said.