Volvo Car Group – Digital Transformation Strategies
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Volvo Car Digital Transformation Strategies Report Overview
Volvo Car uses emerging technologies as a part of its digital transformation strategies. The annual ICT spending of Volvo Car was estimated at $667 million in 2022. A major share of this spending is earmarked for acquiring software, hardware, and ICT services from vendors. Volvo Car is a subsidiary of Zhejiang Geely Holding Group is a car manufacturing company. It manufactures a wide range of cars including SUVs, wagons and sedans. Volvo Car markets its products under Volvo brand. Its models include XC90, XC70, V70, V60, V60 Cross Country, S80, S60, and other related models. It provides fleet sales and concept cars. The company has product development, manufacturing, sales, technology and customer service operations in Sweden, Belgium, and China. It sells cars through a network of dealers worldwide.
|Total ICT Spending 2022||$667 million|
|ICT Spend by Function||Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management|
|ICT Spend by Channel||Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators|
|External ICT Spend by Segment||ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others|
|Technology Theme Focus||Artificial Intelligence, Big Data, Cloud, IoT, and Alternative Reality|
The Volvo Car Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, partnerships, investment, acquisitions, ICT spending among others.
Digital Transformation Strategies
Volvo Car is utilizing number of emerging technologies including artificial intelligence, big data, cloud, IoT, and alternative reality to enhance operational efficiency and product offerings.
Volvo Car Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Volvo Car Technology Initiatives
Volvo Car has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs over the past few years. For instance, Volvo Car USA rolled out a program to equip US retailers with automated vehicle inspection systems that aim to improve customer satisfaction and business efficiencies to further enhance safety. The highspeed, camera-based systems from UVeye leverages AI and ML technologies to check tires, underbody components, and vehicle exteriors for defects, missing parts, and other safety related issues. The system enables retailers with ability to valuate trade-ins quickly, and cost-effectively, as well as check condition of customer cars coming in for service. Volvo Cars have been in partnership with UVeye since 2019, with strategic investment through Volvo Cars Tech Fund.
For more insights on other technology initiatives of Volvo Car, download a free report sample
Volvo Car ICT Spend by Function
- Data center
- End-user computing
- Service desk
Volvo Car ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
Volvo Car ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Volvo Car ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Volvo Car External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- Network and communications
Volvo Car External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
This report provides:
- Insight into Volvo Car’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering product launches, partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Volvo Car’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various product launches, partnerships, investments, and acquisitions.
Table of Contents
– Brief information about the company, its business divisions, and its financials
Digital Transformation Strategy
– A summary of key digital strategies/implementation efforts of the company
Accelerators, Incubators, and Other Innovation Programs
– Discusses the company’s key strategic units, innovation labs, incubation and accelerator programs dedicated to technology innovation
– Lists the technology themes pertinent to the industry the company operates in and highlights the themes adopted by the company
– Discussion about all the technology introductions & partnerships the company has entered
– Brief discussion about the investments made by the company to acquire new technologies
– Brief discussion about the acquisitions by the company
Partnership and Investment Network Map
– A bird’s eye view of all the partnerships/investments/acquisitions that the company has made in the last 3-5 years
ICT Budget and Contracts
– The company’s ICT budget segregated into hardware, software, and managed IT services
– Lists key executives and Digital Transformation Executives of the company, typically the key decision makers/influencers
Frequently asked questions
What was the total ICT spending of Volvo Car in 2022?
The annual ICT spending of Volvo Car was estimated at $667 million in 2022.
Which was the leading ICT spending category by function for Volvo Car?
Data center was the leading ICT spending category by function for Volvo Car in 2022.
Which was the leading ICT spending category by channel for Volvo Car?
Internal development and maintenance was the leading ICT spending category by channel for Volvo Car in 2022.
Which was the leading ICT spending category by segment for Volvo Car?
Software (including cloud SaaS) was the leading ICT spending category by segment for Volvo Car in 2022.
What are the key technology themes in focus for Volvo Car?
The key technological theme in focus for Volvo Car are artificial intelligence, big data, cloud, IoT, and alternative reality.
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