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Retailers seeking the next big growth area need to get in the car. Revenue from connected car services is expected to top $42 billion in the U.S. by 2022 — more than triple the $13.6 billion generated in 2016. Brands that can find a place on the driver’s dashboard will be in position to claim their share of the business.
The acceleration in auto-based commerce is just one example of the growth of recurring revenue models spotlighted in this infographic from Aria.
Source: Aria
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