Original equipment manufacturers (OEMs) in Europe are competing for the top position in the connected car segment as its two key domains, connected services and human-machine interfaces (HMI), unlock tremendous growth prospects by offering new revenue streams, as revealed by Frost & Sullivan’s recent analysis. Telematics services are expected to achieve a penetration of 90% in Europe, while more than 60% of vehicles will have wider (12.3+ inch) infotainment displays controlled by touch or gestures, with artificial intelligence (AI)-based digital assistants being omnipresent, by 2025.
Read MoreFrost & Sullivan predicts online food delivery industry revenues to rise from $82 billion in 2018 to a staggering $200 billion in 2025. That translates into a combined annual growth rate (CAGR) of 14% as a result of increasing global penetration, strategic mergers and acquisitions, and adoption of new technologies such as artificial intelligence, AR/VR, drones and autonomous vehicles.
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