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The Economist — Business — Car Software — Technology — Automotive Industry — Software Development

Software is now as important as hardware in cars

Legacy carmakers have to rethink their business model as software becomes as important as hardware in cars, with $700bn a year in revenues by 2030.

1 min read
  • Software is now as important as hardware in cars.
  • Features and functions that improve user experience rely on software.
  • Legacy carmakers have to rethink their business model.
  • Software can be lucrative with $700bn a year in revenues by 2030.
  • Marrying the speed and agility of the tech industry to the car industry will be especially hard for legacy firms.
Software is now as important as hardware in cars
It is easier for a tech firm to make cars than a carmaker to become a tech company | Special report
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