Internet of Vehicle Market is estimated to be US$ 497.83 billion by 2030 with a CAGR of 21.7% during the forecast period prophecymarketinsights.com
Internet of Vehicle is a platform offered for smart infrastructure including IoT enabled vehicles, traffic management and cities. It consists hardware, software, and communication services which aims to bring together vehicles, drivers, and traffic flow in seamless manner. Though the internet of vehicle has a long road it aims to connect to adjacent vehicles and smart city infrastructure such as poles via internet. Internet of vehicle works similar to an IP address on a computer and opens a communication gateway to interact seamlessly.
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