Digital Transformation of the Automotive Industry

The revenue potential of such digital mobility services is expected to rise to ~$2 trillion by 2025 globally, explaining the continued interest from the private sector. For more information on Frost & Sullivan's Intelligent Mobility event, please e-mail Jana Schoeneborn, Corporate Communications, at jana.schoeneborn@frost.com. "Autonomous cars only will account for a 84 Billion Dollar market by 2025", estimates Franck Leveque, Frost & Sullivan Partner Mobility. "As information services, in particular, become more sophisticated, the potential to integrate and aggregate mobility services is increasing." Besides focusing on the Digitalisation of the Automotive Industry, Intelligent Mobility will bring together industry experts on the Future of Mobility Trends, Freight Delivery and Connected and Autonomous Vehicles.


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Automotive Digital Transformation Offers Opportunities, Says Frost & Sullivan

IoT and technology research firm Frost & Sullivan has released a new report on Automotive Digital Transformation, and the company's analysts say the report indicates that the opportunities are just beginning. "Digital transformation will affect the entire automotive value chain, including design, production, distribution and retail, reshaping the traditional automotive business model. "Digital Transformation of the Automotive Industry," the recently released report from the Frost & Sullivan Future of Mobility Growth Partnership Service program, indicates that "digitalization spending" could drive the component hardware-driven automotive industry into focusing more on software and solutions for the foreseeable future. "Automotive companies adopting custom digital initiatives after thorough analysis will be able to successfully leverage their software investments, access new markets, and easily adopt best practices."Edited by Alicia Young "By 2030, the digitalization roadmap in the automotive industry will move from digital services to car-as-a-service (CaaS) to MaaS, making vehicles an element of a connected living solution," said Venkatraman.




"As a result, the drivers of digital initiatives will change from CEOs, CIOs and the IT departments; by 2020, Chief Digital Officers will steer the strategic and digital initiatives of OEMs across luxury and economy brands." "Digital transformation will affect the entire automotive value chain, including design, production, distribution and retail, reshaping the traditional automotive business model. Robert Bosch, Harman International, Continental, Magneti Marelli and Denso are focusing on digital initiatives. "Automotive companies adopting custom digital initiatives after thorough analysis will be able to successfully leverage their software investments, access new markets, and easily adopt best practices." To know more about Frost & Sullivan's research and to sign up for our Growth Strategy Dialogue, a complimentary one-hour interactive session with Frost & Sullivan's thought leaders, please go to https://goo.gl/BVTJ4L [https://goo.gl/BVTJ4L].


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