• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Frost & Sullivan Report Tracks Rise of Automotive IT

April 23, 2018

The growing role of IT in cars will deliver some major opportunities over the next several years, suggests a new Frost & Sullivan report.Frost & Sullivan Report Tracks Rise of Automotive IT

While it’s main focus is on this year, the forecast, “Global Automotive Industry Outlook, 2018“, also predicts that data monetization opportunities will reach a value of $32 billion by the year 2025. And that growth trend is already underway, with AI, voice recognition, and cybersecurity helping to “propel rapid growth opportunities” in the coming months, according to a report synopsis.

Other important trends “driving transformational change” in the automotive market include the ‘dawn of blockchain platforms” for cars, the ‘development of urban lifestyle vehicles,’ the ‘impending advent of automated taxis,’ and a ‘big push toward electric vehicles with related manufacturing investments’. Indeed, with respect to the latter, we’re already starting to see the arrival of electric cars featuring sophisticated technologies such as facial recognition, helping to market the vehicles not just as environmentally friendly but the next technological leap in automotive innovation.

There are market obstacles, of course. For example, as Frost & Sullivan Mobility Senior Industry Analyst Joe Praveen Vijayakumar explains, while electric vehicle battery prices are on the decline, “in most countries, charge stations and supporting infrastructures are inadequate.” But as OEMs and their partners seek to address that issue, the ascent of electric vehicles should help to further lift these other IT solutions for the automotive industry.

Filed Under: Featured, Industry News

Related News & Articles

Apple Gets Second Patent Approved for MacBook Touch ID

Bulgarian Bank Turns to OneSpan for Mobile Security Services

Nymi Teams Up with MES Provider POMS

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Transatlantic Digital Traveler Identity Project Gets High-Profile Tech Partner
  • Digital Identity Tech Demo Online Event
  • Mobile ID Comes to Another US Campus
  • New York DMV Developing Mobile Driver’s License
  • Mobile ID World & FindBiometrics Partner With Access Control Executive Brief – Join Us at ISC West 2023

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld