Connect with us

Technology

Automotive IoT Market is Estimated to Reach USD 635.48 Billion by 2031 Owing to Growing Connected Car Fleets | SkyQuest Technology

Published

on

WESTFORD, Mass., June 28, 2024 /PRNewswire/ — According to SkyQuest, the global Automotive IoT Market size was valued at USD 102.3 billion in 2022 and is poised to grow from USD 125.32 billion in 2023 to USD 635.48 billion by 2031, growing at a CAGR of 22.5% in the forecast period (2024-2031).

Internet of Things (IoT) devices and solutions used in the automotive industry are known as automotive IoT solutions. Surging popularity of connected cars and the growing use of advanced technologies in vehicles are projected to promote the demand for automotive IoT. The global automotive IoT market is segmented into offering, connectivity communication, application, and region.

Download a detailed overview:
https://www.skyquestt.com/sample-request/automotive-iot-market

Automotive IoT Market Overview: 

Report Coverage 

Details 

Market Revenue in 2023 

$ 125.32 billion 

Estimated Value by 2031 

$ 635.48 billion 

Growth Rate 

Poised to grow at a CAGR of 22.5% 

Forecast Period 

2024–2031 

Forecast Units 

Value (USD Billion) 

Report Coverage 

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends 

Segments Covered 

Offering, Connectivity, Communication and Application

Geographies Covered 

North America, Europe, Asia Pacific, Middle East & Africa, Latin America

Report Highlights 

Updated financial information / product portfolio of players 

Key Market Opportunities 

Rising Use of Connected Vehicle Technology

Key Market Drivers 

Demand for Intelligent Transport System

Segments covered in Automotive IoT Market are as follows:

OfferingHardware (Semiconductor Components {Microcontrollers, Field Programmable Gate Arrays [FPGAs], Digital Signal Processor, Memory Chips}), Connectivity Technology ICS (cellular, Wi-Fi, Bluetooth, Others), Software (Platforms {Device Management Platform, Application Management Platform, Network Management Platform}, Solutions {Real Time Streaming Analysis, Security Solutions, Data Management, Remote Monitoring Systems, Network Bandwidth Management}), and Services (Deployment and Integration Services, Support And Maintenance Services)ConnectivityEmbedded, Tethered, IntegratedCommunicationIn Vehicle Communication, Vehicle to Vehicle Communication, Vehicle to Infrastructure CommunicationApplicationNavigation (TomTom navigation SDK powered by PTV groups, Real Time Data Capture, Road and Vehicle Monitoring), Telematics (Fleet and Asset Management, Intelligent Traffic System, Collision Avoidance, Parking Management System, Passenger Information System, Emergency Vehicle Notification, Predictive Maintenance, Remote Monitoring and Diagnostics), Infotainment (Entertainment, Communication)

Request Free Customization of this report:
https://www.skyquestt.com/speak-with-analyst/automotive-iot-market

Navigation Helping Automotive IoT Market Reach New Destinations

Growing demand for accurate and advanced navigation systems and solutions in vehicles around the world is projected to bolster automotive IoT market growth. Integration of IoT technology with navigation systems to provide better navigation capabilities is helping automotive IoT market players maintain their high revenue generation scope. Increasing traffic congestion around the world and the need for better navigation connectivity in remote areas are all pushing automotive IoT companies to invest in this segment.

The rising disposable income of the general population around the world has resulted in evolving consumer preferences. These new preferences are uplifting the demand for advanced and better infotainment systems in vehicles thereby promoting automotive IoT demand outlook. Better connectivity and enhanced user experience are some key qualities that automotive IoT companies need to focus on if they want to push market growth via this segment.

View report summary and Table of Contents (TOC):
https://www.skyquestt.com/report/automotive-iot-market

Vehicle-to-Vehicle Communication to Hold Sway in Revenue Generation Going Forward

At present, automotive IoT providers are targeting in-vehicle communication to get the best returns on their investment. Growing demand for better infotainment and navigation is slated to help this segment bring in major revenue for automotive IoT companies. Better connectivity of IoT devices will further enhance the functionality of all in-vehicle communication systems and facilitate a better driving experience.

The growing popularity of connected cars and rapidly expanding connected car fleets around the world are providing new opportunities for automotive IoT companies targeting vehicle-to-vehicle communication sub-segment. Increasing emphasis on improving the safety of connected vehicles and rising demand for autonomous vehicles are also slated to help this segment create more opportunities for market players. Rising utilization of intelligence transportation systems and high investments integration of advanced technologies are also estimated to help market growth via this segment in the long run.

Cellular Connectivity Technology to Keep Automotive IoT Connected

Cellular connectivity technologies are projected to be widely used for almost all kinds of automotive IoT solutions. Advancements in cellular connectivity technologies and the launch of 4G and 5G networks are all pushing automotive IoT companies to target this segment over the coming years. A high range of connectivity and better reliability as compared to other types of connectivity technologies help this segment maintain a high share in the automotive IoT market. Moreover, cellular connectivity is faster, cost-effective, and requires no additional investments in infrastructure development like most other advanced connectivity technologies.

In summary, any automotive IoT company looking to enter to dominate the global automotive IoT market should utilize cellular technology. Infotainment and navigation segments are projected to offer highly lucrative opportunities for automotive IoT providers in the long run. The rising popularity of autonomous vehicles and expanding connected car fleets are projected to make this market highly opportune for automotive IoT companies around the world.

Related Reports:

Internet Of Things (IoT) Market

Internet Of Things (IoT) Professional Services Market

IoT Security Market

5G IoT Market

IoT Sensors Market

About Us:

SkyQuest is an IP focused Research and Investment Bank and Accelerator of Technology and assets. We provide access to technologies, markets and finance across sectors viz. Life Sciences, CleanTech, AgriTech, NanoTech and Information & Communication Technology.

We work closely with innovators, inventors, innovation seekers, entrepreneurs, companies and investors alike in leveraging external sources of R&D. Moreover, we help them in optimizing the economic potential of their intellectual assets. Our experiences with innovation management and commercialization has expanded our reach across North America, Europe, ASEAN and Asia Pacific. 

Contact:
Mr. Jagraj Singh
SkyQuest Technology
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 351-333-4748
Email: sales@skyquestt.com
Visit Our Website: https://www.skyquestt.com/

Logo : https://mma.prnewswire.com/media/2446095/SkyQuest_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/automotive-iot-market-is-estimated-to-reach-usd-635-48-billion-by-2031-owing-to-growing-connected-car-fleets–skyquest-technology-302185579.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Statement – Leaders’ call on the fight against cancer

Published

on

By

ÉVIAN, France , June 16, 2026 /CNW/ – “We, the Leaders of the G7, reaffirm our commitment to accelerate the fight against cancer. Partner countries of the G7, Brazil, Egypt, India, Kenya, and the Republic of Korea, also support this call on the fight against cancer.

Cancer kills nearly 10 million people each year worldwide and new cases are projected to increase by 80 per cent globally by 2050, given the aging of the population and its interactions with environmental and behavioural risk factors, placing an ever-greater burden on societies, health systems and economies. Improvements in access to cancer prevention – including through screening, diagnosis and care – can and should be made. While major scientific advances have been achieved in several critical areas, progress should be accelerated by alignment of research efforts and faster translation of innovation into care. In this regard, we welcome that such advances have brought the elimination of cervical cancer within reach and we will accelerate our efforts to that end.

We are determined to deepen international scientific cooperation, close persistent gaps in prevention and early detection, and ensure that progress in oncology reaches every patient. While acknowledging our existing financing efforts and the shared global responsibility, where we have taken a leadership role, we commit to strengthening our endeavours to advance cancer research and development.

We commend the scientific advances made through international, regional and national initiatives. We have made concrete progress on aligning our cancer research programmes, strengthening collaboration between leading cancer institutes and advancing interoperable data standards for paediatric and adolescent cancers.  

Accelerating international data access for paediatric, adolescent and young adult cancers

We recognise that no single country possesses sufficient data to generate robust evidence across the full range of paediatric, adolescent and young adult tumour types. Building on existing international, regional and national initiatives – in accordance with our legislation, priorities, capacities and resources, and in compliance with applicable rules on privacy, data protection and intellectual property rights – we intend to work towards:

Promoting collaboration between existing data resources and programmes, where appropriate, to bridge national registries, advance interoperability standards and enable responsible cross-border data collaboration, in accordance with applicable legal and regulatory frameworks while respecting national competences.Supporting large-scale, multi-dimensional data integration, including clinical, genomic and imaging data, which enables safe and secure data use without the necessity for direct data transfer, drawing on artificial intelligence, where appropriate and according to legal regulatory frameworks.Building on existing international, regional and national initiatives to avoid duplication, close gaps and strengthen international research collaboration for paediatric, adolescent and young adult cancers.

Intensifying our fight against cancers with poor prognosis

We recognise that mortality from cancers with poor prognosis is one of the foremost global scientific challenges. Building on existing international, regional and national initiatives, we intend to work towards:

Supporting research on cancers with poor prognosis and the work towards establishing a shared international definition and research agenda for cancers with poor prognosis, recognising them as a major global challenge.Setting ambitious targets for the roll out of screening programmes and for the diagnosis of more cancers at stage 1, as appropriate within national health systems and country contexts, to improve survival rates for cancers with poor prognosis, and in particular to significantly reduce lung cancer mortality in the next ten years.Fostering innovative international research programmes, improving cooperation on clinical trials and accelerating the translation of scientific advances – including through digital technologies, artificial intelligence and quantum research – into clinical practice for patients.

Strengthening access to quality cancer care for all

We recognize that access to quality cancer care for all remains a pressing challenge. We intend to work towards:

Supporting country-led efforts to strengthen resilient and self-reliant health systems capable of delivering high-quality cancer care for all.Encouraging the development of comprehensive cancer centres, as anchors of research excellence, care quality and education internationally.Promoting the secure, responsible and trustworthy use of evidence-based digital technologies, artificial intelligence and quantum research to improve early detection, support clinical decision-making, strengthen palliative care and expand the reach of evidence-based care for all, while preserving patients’ privacy.

We will remain engaged and review progress on these commitments.

This call for action reflects the outcome of the discussion between G7 members, benefiting from productive exchanges of views with partner countries.”

This document is also available at https://pm.gc.ca

SOURCE Prime Minister’s Office

Continue Reading

Technology

Insight Global Expands Global Operations with New Team in Bogotá, Colombia

Published

on

By

Expansion strengthens operational capabilities and supports the company’s continued global growth

ATLANTA, June 16, 2026 /PRNewswire/ — Insight Global today announced the expansion of its global operations with the addition of a capability center in Bogotá, Colombia, the latest in a series of global expansion efforts to support clients and consultants.

The Bogotá center, which officially launched on June 1, supports a wide range of functions for the global enterprise, including corporate, client, and consultant delivery functions. With over 1,500 active workers on projects in Latin America, the Bogotá teams will serve as an integral function to ensure the same excellence in employee, client, and consultant experience that Insight Global is known for around the world.

“This location is such a strategic play for us at Insight Global. It will serve as an extension of our middle and back-office functions as well as being our hub for Latin American Operations,” said Chris Abbeduto, Vice President – Global Operations. “The rapid growth that we continue to see for nearshore capabilities really drives the need for a regional center of excellence in LATAM, and we couldn’t be more excited with the amazing talent pool and cultural fit that we see in Colombia.”

The initiative has been more than a year in the making and represents a strategic investment in Insight Global’s future. The Bogotá team is comprised of fully bilingual Insight Global employees fluent in both Spanish and English who are fully integrated into the company’s culture, systems, and training programs from day one. Bogotá was selected in part for its strong talent market and alignment with U.S. business hours, enabling seamless collaboration across teams.

Insight Global’s Staffing, Consulting, and AI services are fulfilled by nearly 40,000 employees in over 40 countries for over 3,200 companies around the world.

To learn more about Insight Global’s international capabilities, visit here.

About Insight Global

Insight Global is an international talent and consulting company that delivers business outcomes in an ever-changing world. We obsess over solving problems and building solutions that move our customers further, faster.

With access to top talent in more than 50 countries, our tech-enabled recruiters can build teams quickly. Our technical experts across Cloud, AI, Data, Enterprise Operations, and Applied Engineering deliver solutions tailored to each customer’s needs. As those needs evolve, so do we.

As we evolve, though, we stay true to our purpose: to develop our people personally, professionally, and financially so they can be the light to the world around them. It shows up in everything we do, from investing in our people to delivering results for our customers to making a meaningful impact in our communities.

View original content to download multimedia:https://www.prnewswire.com/news-releases/insight-global-expands-global-operations-with-new-team-in-bogota-colombia-302802187.html

SOURCE Insight Global

Continue Reading

Technology

Opsera Launches BrickForge by Opsera, a Purpose-Built AI Operational Command Center for Enterprise Data Teams, on Databricks Marketplace

Published

on

By

Built on the Databricks platform, BrickForge delivers a unified operational command center for Databricks environments

SAN FRANCISCO, June 16, 2026 /PRNewswire/ — Databricks Data + AI Summit – Opsera, the leader in AI-powered software delivery, today announced the availability of BrickForge on Databricks Marketplace, an open marketplace for data, analytics, and AI, powered by OpenSharing. A purpose-built AI Application, BrickForge gives enterprise data teams what they have been missing: a native command center to observe, diagnose, fix, and govern their entire Databricks estate — without adding infrastructure or touching business data.

Opsera will showcase BrickForge at the Databricks Data + AI Summit, Booth #223. To learn more, visit opsera.ai/brickforge.

The trigger is real. A recent Databricks State of AI Agents report stated that 80% of databases on its platform are now created by agents, not humans. As organizations produce more data products and pipelines alongside this agentic growth, operational complexity grows with it — compliance posture drifts, SQL workloads accumulate security exposure, recovery plans go untested, and deployments introduce configuration risk.

BrickForge addresses that through the BrickForge Operational Loop — a four-stage continuous process for governing Databricks estates at the pace of AI:

Observe: Live Databricks health monitoring across every cluster, job, Delta Live Tables (DLT) pipeline, warehouse, and AI endpoints. When something drifts or degrades, teams see it before it becomes an incident. No log-diving. No waiting for users to report errors.

Diagnose: AI-assisted root-cause analysis that surfaces the exact issue — configuration drift, a YAML delta, a SQL vulnerability, a compliance control slipping — with prioritized remediation options before engineers are paged.

Fix: Human-authorized remediation in minutes, not hours. Declarative Automation Bundles (DABs) generation, 3-stage YAML validation, multi-environment promotion and migration — every action is version-controlled, auditable, and executed with explicit confirmation.

Govern: Continuous posture monitoring against SOC 2, HIPAA, PCI-DSS, and ISO 27001. Per-control verdicts, evidence citations, audit-ready reporting, AI-generated Disaster Recovery plans, workspace replication, and executable RTO/RPO drills — so compliance and resilience are always current, not a fire drill.

“The way enterprises operate their data estate hasn’t kept pace with how fast AI agents are generating pipelines and products,” said Kumar Chivukula, co-founder and CEO of Opsera. “Bringing BrickForge to the Databricks Marketplace gives data teams an operational command center to observe, diagnose, remediate, and govern — with compliance, policy, operational health and disaster recovery built in.”

BrickForge runs natively inside a customer’s existing Databricks tenant under a Zero Business Data Contact principle — evaluating metadata and infrastructure patterns, not row-level data. No new infrastructure. No data egress Data Processing Agreement (DPA). No new vendor trust boundary. What typically takes weeks of security reviews and months of architecture approvals is compressed to days.

“Customers consistently ask us for easier, more secure ways to discover, access, and share data and AI assets across their organizations and ecosystems,” said Stephen Orban, SVP, Product Ecosystem & Partnerships at Databricks. “By bringing BrickForge to the Databricks Marketplace, Opsera and Databricks are helping our joint customers accelerate innovation and unlock more value from their data on an open, governed platform.”

BrickForge extends the company’s AI-SDLC platform — which includes the Forge AI software factory — to enterprise data teams, adding operational governance and intelligence to the full software and data delivery lifecycles.

About Opsera 
Opsera helps enterprises operationalize AI-driven software delivery through its AI-SDLC platform, combining intelligent orchestration, operational intelligence, and an open ecosystem of AI tools and partners. By understanding the intent and context of development workflows, Opsera empowers teams to embrace spec-driven development and leverage agentic workflows to automate complex pipelines safely. By helping customers navigate their AI journey at their own pace, Opsera enables organizations to govern, measure, and scale AI-generated software with confidence.

Media Contact:
Terri Douglas
Catapult PR-IR
tdouglas@catapultpr-ir.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/opsera-launches-brickforge-by-opsera-a-purpose-built-ai-operational-command-center-for-enterprise-data-teams-on-databricks-marketplace-302802126.html

SOURCE Opsera

Continue Reading

Trending