Frost & Sullivan says voice recognition key to auto sales growth
Vehicle sales will inch closer to 100 million units as data monetization, artificial intelligence and voice recognition stimulate new growth opportunities, says Frost & Sullivan.
Frost & Sullivan expects in the coming months that AI, data monetization, online vehicle retailing, cybersecurity and voice recognition will propel rapid growth opportunities in the automotive sector.
Frost & Sullivan predicts the global automotive market will hit 98.6 million unit sales this year.
“Automotive revenue growth will come from downstream services driven by platforms leveraging data,” noted Joe Praveen Vijayakumar, Mobility Senior Industry Analyst at Frost & Sullivan.
One of the trends driving transformational change in the automotive sector will include the proliferation of voice command devices. Such devices help centrally control automotive cabin functions by human voice, removing the need to use buttons, dials and switches. By using voice recognition, consumers can easily operate a whole range of vehicle functionality while singularly focusing on the driving task. Frost & Sullivan expects the deployment of such technology to increase in the near and mid-term.