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Wednesday, April 12, 2017

"Yahoo Finance" declare : Digital Transformation of the Automotive Industry Set to Pave Way for New revenue Streams

collected by :John Max

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.


referring to 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.

Automotive Digital Transformation Offers Opportunities, Says Frost & Sullivan
referring to

Digital Transformation of the Automotive Industry

- Considering automotive digitalization, how much will the automotive industry spend from technology and software perspective? More than 1700 new digital startups are expected to disrupt the automotive industry supply chain. - Connected Supply Chain- Industrial Internet of Things and Industry 4.0- Connected and Autonomous Cars- Digital Retailing- Mobility as a Service (MaaS)The study, Digital Transformation of the Automotive Industry, analyzes the strategies, growth analysis, competitive landscape, business models, and future focus areas of original equipment manufacturers (OEMs) and Tier I suppliers. Digitalization in the automotive industry will have a spiral effect on other industries. In the year 2016, digitalization underpins the transformation of business activities, process improvements, and the development of new competencies and business models across five key pillars within the automotive industry.

Digital Transformation of the Automotive Industry


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