By 2020, IT Spending by Automotive Companies to Reach $80.05 Billion
Growing digitization, connectivity, cloud computing, dynamic customer preferences, Internet of Things (IoT), cybersecurity, and increasing automation are the key trends driving the automotive industry to invest in IT. Automotive OEMs, Tier I suppliers, and automotive ecosystem participants invest in key focus areas including Industry 4.0, digital retailing, security, Big Data, mobility, connected living and IoT. This research service provides an overview of technology and software used in the automotive industry, trends related to each technology, approaches to each technology/software from a “C” level executive’s perspective, and recommendations on actionable insights. The base year of analysis is 2015 and forecasts span 2016 to 2025.
Courtesy of Frost & Sullivan