Data Monetization, Artificial Intelligence, and Voice Recognition to Fuel Automotive Industry Growth
In the coming months, artificial intelligence (AI), voice recognition, data monetization, online vehicle retailing, and cybersecurity will propel rapid growth opportunities in the automotive sector. Frost & Sullivan expects the global automotive market to hit 98.6 million unit sales this year. Data monetization opportunities will rise to $32 billion by 2025, driven by the ascent of key data services such as GPS vehicle tracking, driver safety, and on-demand and real-time location-based services.
Frost & Sullivan’s recent analysis, Global Automotive Industry Outlook, 2018, identifies growth factors, challenges and barriers to success across key sectors such as connectivity, telematics, retailing, aftermarket, e-mobility, autonomous, powertrain, and mobility. Predictions for 2018, regional analysis, and critical success factors are also provided.