In-Car Commerce: Quadruple Market Opportunity
Move over e-commerce: In-car commerce has hit the scene!
In-car commerce means I don’t have to get out of my car to pay for gas, tolls or even order a pizza…
The technology that goes into our cars today has truly taken off over the last few years.
And a lot of it is thanks to a combination of our mega trends:
- Artificial intelligence.
- Cloud and edge computing.
- The Internet of Things.
The market is set to quadruple over the next seven years from $3.1 billion to $12.2 billion.
Check out this week’s Market Talk for three steps you can take today to get ready for this super-sized investing opportunity:
Move over ecommerce! Make way for in-car commerce! Hello Bold Profits Nation! Welcome to Market Talk Monday on the Paul Mampilly YT channel! I’m Amber Lancaster.
Over the last few years, a potentially great new technology partnership is forming between the automotive and digital payments market. This tech known as in-vehicle payments or in-car commerce is the wave of the future. Check out these recent industry news headlines:
“Hyundai is launching in-car payments in the all-electric Ioniq 5.” “Mercedes Rolls Out Contactless in-vehicle fuel payments in Germany,” “BlackBerry Teams with CarIQ for In-vehicle Payments.”
Per PaymentDive’s reporting: “More than a dozen automakers have connected car payment programs under development, or are close to rolling out one, including FCA (Fiat Chrysler), GM, Audi, Honda, Hyundai and Tesla …” So what does this mean for us Bold Profits Nation? Well, in this video I’ll share three investing steps you can take to get in on this market- more in just moment.
Let’s get started. As seen in this column chart
the growing in-vehicle payment service market, which is projected to quadruple over the next 7 years from $3.1B to $12.2B, brilliantly combines Fourth Industrial Revolution technology with Paul and team’s followed mega trends. Technology like:
- Artificial intelligence.
- Digital wallets.
- Cloud and edge computing.
- Near-field communication.
- 5G and Wi-Fi 6 mobile internet connections.
AI Tolling Stickers
Personally, as a big car fan, when driving at highway speeds, the last thing I want to do is stop to pay a toll. Thanks to artificial intelligence (AI), there’s no need to.
A tiny sticker placed in my car’s windshield keeps me cruising down the highway. Now imagine having that kind of convenience for other purchases from gas to pizza — directly from your car. That what in-vehicle payment technology is all about.
Your own Roving Digital Wallet
It’s wave of the future. Paying for gas, electric vehicle (EV) charging, car wash, parking, quick serve food …This technology takes mobile shopping to the next level. Now, your car will be a roving digital wallet instead of your smartphone or smartwatch. In-vehicle payments allow drivers to conveniently and automatically make purchases through a car’s embedded onboard smart system. It’s transforming the $2 trillion global automotive market by harnessing:
- The power of AI.
- The ultimate convenience of digital payments.
- The flexibility of mobility.
- The interconnectedness of the Internet of Things (IoT).
This will improve the accessibility of services — particularly in the EV charging, gas station and smart parking. And the most compelling part? According to a Juniper Research study, EV charging and gas payments will account for 77% of in-vehicle payments by 2025.
Research and Markets forecasts quote “automotive [original equipment manufacturers or] OEMs are looking forward to designing and developing a payment ecosystem that would allow drivers and passengers to avail and pay for all the desired services, such as filling gasoline or charging electric cars, booking and paying for parking slots, paying tolls at toll booths, and ordering food and coffee, among others, without having to get out of the vehicle.”
So here are three steps you can take to be part of this growing market trend. If you want to invest in the technology that will help build and fuel this growing industry look no further than Paul’s Extreme fortune service.
As seen in this latest model portfolio performance table screenshot, Extreme Fortunes members are already invested in stocks that focus on the Internet of Things, semiconductor and electronic toll collection tech that will be the backbone of this market … with some members sitting on open gains of as much as 638%.
Now, another way to invest in the technology powering the in-vehicle payment market is to consider buying shares of the ARK Autonomous Technology & Robotics ETF (BATS: ARKQ). ARKQ is an ETF that invests in industrial innovation. Companies in this ETF focus on the development of new products and services, technological improvements, and advancements in scientific research related to multiple industries.
Lastly, you can increase your stake in ARKQ by following the Rules of the Investing Game. In this free report, Paul shares his 5 investing rules to play the Fourth Indudstrial Revoultiona and America 2.0 market.
Finally, we’ll keep you posted on this trend and more on Twitter. You may follow Paul and me @Mampillyguru and @ALancasterGuru for our #BOP (bullish, optimistic, positive) take on all things America 2.0 and the Fourth Industrial Revolution. That concludes this week’s Market Talk Monday. Thanks everyone for tuning in! Until next time, Take Care!
As for the NEXT big mega trend you voted for on Saturday, it was a close race:
Right now, it’s a tie between the metaverse and the food revolution. Help us push one above the rest by picking the mega trend you want more information on now.
And keep an eye out for new reports on these topics soon. 😊
Editor, Profits Unlimited