Abstract
Vehicle-to-everything (V2X) communication is a powerful concept that not only ensures public safety (e.g., by avoiding road accidents) but also offers many economic benefits (e.g., by optimizing the macroscopic behavior of the traffic across an area). On the one hand, V2X communication brings new business opportunities for many stakeholders, such as vehicle manufacturers, retailers, Mobile Network Operators (MNOs), V2X service providers, and governments. On the other hand, the convergence of these stakeholders to a common platform possesses many technical and business challenges. In this article, we identify the issues and challenges faced by V2X communications, while focusing on the business models. We propose different solutions to potentially resolve the identified challenges in the framework of 5G networks and propose a high-level hierarchy of a potential business model for a 5G-based V2X ecosystem. Moreover, we provide a concise overview of the legislative status of V2X communications across different regions in the world.