In our increasingly technology-led world, the connected tech megatrend is making great strides.In the world of automobiles, connected technology has become almost a hygiene factor. However, the story has just begun. Experts believe the current levels of connected technology adoption could be seen as just the tip of the iceberg. According to McKinsey & Well, a UK based global consultancy firm, the global connected cars market alone could be as big as $ 56.2 billion by 2030, which is more than dou8ble the $ 23.5 it clocked in 2022.

From new monetisation avenues, to enhanced safety and better brand experience, to more sustainable mobility, the swiftly evolving Connected Vehicle megatrend is set to unlock more value for all stakeholders. The SDV era will also offer new opportunities and use cases for connected technology, across all vehicle segments. At the same time, cybersecurity will also have to climb up a few notches to keep the connected vehicles and systems protected well enough.