Automotive Cybersecurity Market Analysis, Growth By Top Companies, Trends By Types And Forecast To 2022-2031

Allied Market Research recently published a report, titled, "Automotive Cybersecurity Market by Offering (Software and Hardware), Security Type (Application Security, Network Security, and Endpoint Security), Application (ADAS & Safety, Body Control & Comfort, Infotainment, Telematics, Powertrain Systems, and Communication Systems) and Form (In-Vehicle and External Cloud Services): Global Opportunity Analysis and Industry Forecast, 2021-2030." As per the report, the global automotive cybersecurity industry was pegged at $7.23 billion in 2020, and is expected to reach $32.41 billion by 2030, growing at a CAGR of 16.6% from 2021 to 2030.

Download Report (PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/9266

 Covid-19 scenario:

The Covid-19 pandemic severely affected the automotive sector due to strict regulations regarding lockdown and ban on import-export of raw materials. This led to disruption of the supply chain and increased prices of raw materials.
The delays in activities and initiatives about development of modern automotive cybersecurity systems in connected cars hampered the market.

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 The application security to manifest the highest CAGR through 2030

By security type, the application security segment would showcase the highest CAGR of 17.4% from 2021 to 2030. Moreover, the segment held the largest share in 2020, contributing to more than two-fifths of the global automotive cybersecurity market, due to rise in investments in making secure applications. The report includes analysis of the segments including network security and endpoint security.

North America held the largest share

By region, the market across North America held the lion's share in 2020, accounting for more than one-third of the global automotive cybersecurity market, due to large-scale sales of connected cars in the region. However, the market across Asia-Pacific would showcase the highest CAGR of 18.0% from 2021 to 2030, owing to the favorable government policies supporting the connected car technology and high security in automobiles against cyber-attacks.

Browse Complete Report at 
https://www.alliedmarketresearch.com/automotive-cyber-security-market-A08901

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