Analysis: Technology sector is riding the wave of connected car boom

07/2/2014 | Reuters

The race to develop fully connected and autonomous vehicles is creating opportunities for telecom and technology firms as investors turn their attention away from the traditional auto sector in favor of chipmakers and solutions providers. Analysts forecast the connected car market will generate revenues of $50 billion through 2024, with tech firms like Google and Microsoft -- and chip companies including Qualcomm, Infineon and Intel -- expected to reap the benefits.

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