• 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

Jumio next-generation of digital ID verification.
  • 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

CONFIRMED: Touch ID Biometrics on New MacBook Pro

NXP Solidifies Smart Car Footing with AliOS Partnership

Samsung Pay Coming to Australia ‘Very Soon’: Amex Exec

Primary Sidebar

FacePhi Selphi

Read the Latest Year in Review Analysis:

Aware ABIS webinar

Tweets

Aware ABIS webinar

Sponsored Links

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/
FacePhi Selphi

Recent Posts

  • HARMAN Acquires Savari to Support Development of 5G-Ready Connected Cars
  • Mastercard Offers Full Support for Digital Currency in the Bahamas
  • Patent Troll Sues Apple Over Face ID, Touch ID
  • SuperCom Mobile and Wearable Tech to Help Enforce Quarantine in Israel
  • Transmit Security Introduces Fully Passwordless Authentication Solution
Aware ABIS webinar

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives

Follow Us

Copyright © 2021 MobileIDWorld