Connected Car
Otonomo and Wejo, two of the largest players in the connected vehicle space, have exited the market. By 2025, there are expected to be 350 million vehicles on the road worldwide with over-the-air (OTA) update capabilities. As a result, the market for connected vehicle data was a lot smaller than both companies had hoped for. Down, but not outThe connected vehicle data market may be down, but it is not out. That, and the 350 million OTA-enabled vehicles on the road by then, may allow the connected vehicle data market to strike the “oil” that both companies had been looking for.