Cars of 21st century represent not only a mode of transportation, but they also presents innovations and technology on wheels.
As v12data reports that the global automotive aftermarket industry is expected to reach $722.8 billion by 2020, we are having a look upon two the most popular technologies- IoT & Blockchain.
Need of Robust Solutions for Tech filled Automobile Industry
Automobile industry is enormous with multiple segments ranging from manufacturers, dealers, service centers, auto finance companies, OEMs and retailers of autoparts and so on.
The grueling thing is that these segments are poorly integrated due to a lack of ecosystem resulting in operational inefficiencies from shop to the top and the costs incurred are being beared by the car owners along with ride sharing users as a whole.
The automotive industry is one of the world’s most technologically advanced production sectors, and its associated markets are incredibly broad, ranging from vehicle sales to auto insurance to car repairs, and the list goes on and on.