Automotive Players Eye Up the Business Travel Market, Says Frost & Sullivan
- Future Business Models in Connected and Automated Mobility Take Centre Stage at Upcoming "Intelligent Mobility" on 1st and 2nd July in London
LONDON, April 14, 2015 /PRNewswire/ -- Offering services that facilitate an integrated door-to-door business travel management solution is one of the main focus areas for growth and investment in 2015 in the automotive industry. With the business travel market worth $1.3 Trillion, according to the Global Business Travel Association (GBTA), there is an increasing trend towards companies using online booking tools and cloud based services to plan, book, and expense/account business trips. Automotive market players are working to have their share of the future corporate mobility market by creating new mobility business models, some by rebranding as business mobility providers.
"There are several mobility providers making a shift, such as BMW Alphabet or LeasePlan, having previously been traditional leasing companies, now targeting customers with more flexible solutions, offering corporate carsharing or a mobility mix of services," says Frost & Sullivan Partner and Global Practice Director Automotive & Transportation, Mr. Sarwant Singh. "The rising digital technology capability turns car companies into service providers and makes it crucial to develop pioneering business models to secure one's share of the market."
To present and discuss potential new mobility business models for the automotive as well as related industries, Frost & Sullivan organises its upcoming annual industry event 'Intelligent Mobility: Business Models in Connected and Automated Mobility' (http://ow.ly/LwfCs) on 1st and 2nd July 2015 at the House of Lords as well as the Royal Garden Hotel in London. The parliamentary debate and subsequent one-day conference is a must-attend event for all industry leaders and related stakeholders.
For complimentary access to more information on this event, please visit: http://corpcom.frost.com/forms/EU_PR_KFeick_IM_01-02July15
"According to a recent customer survey conducted by our research team, there is a revolutionary shift underway in the corporate mobility space, linking smart solutions from several adjacent industries, such as Fleet, Travel and Expense Management to the general mobility industry, which results in changing customer preferences towards new business models, such as carsharing, ridesharing, and parking services," further outlines Mr. Singh. "There is a high interest in deploying such solutions over the next two years. The number of companies entering the corporate carsharing market increased from 13 in 2013 to 20 last year, with most car rental and leasing firms present, and the entry of vehicle manufacturers Audi and Daimler."
Besides focusing on the development of the corporate mobility market as well as future mobility business models and trends as well as new mobility business models, Intelligent Mobility will bring together industry experts on autonomous vehicles, connected cars, Big Data in Automotive, cyber security as well as e-commerce platforms. The conference will be complemented by the Frost & Sullivan Intelligent Mobility Awards Banquet, a black tie evening and gala dinner.
For more information on 'Intelligent Mobility: Business Models in Connected and Automated Mobility', please e-mail Katja Feick, Corporate Communications, at katja.feick@frost.com.
A limited number of complimentary passes are available to members of the media. Please also visit the event website for more background information: http://ow.ly/LwfCs
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