How is the Feature On-demand (FoD) Business Model for Connected Services Driving a Revolution?
Innovative business model of on-demand subscription-based services through FoD to generate $4.04 billion revenue by 2025
Research Overview
On-demand business model in the automotive industry is revolutionizing the way customers subscribe to a particular service offered by the OEMs. This allows the customer to activate or deactivate a service according to their regional or custom requirements.
The subscription offered by auto makers can be on a monthly, yearly, one-time payment, and also on an hourly basis. This business model enables OEMs to monetize and increase their revenue from the connected services that are being offered by them.
Currently, most of the premium OEMs offer services on subscription basis, with the trend slowly picking up with volume OEMs. This study captures all the services offered by various OEMs through the on-demand business model and also the price at which they are being offered in 2020 (base year).
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