At A Booming CAGR Of 12.1%, Global Market For Automotive Cyber Security Is Expected To Reach US$ 1,150.6 Mn By 2028 End

Researchmoz added latest report "Global Market Study on Automotive Cyber Security: Burgeoning Demand from Mobile Apps, Social Networking, and Cloud to Heighten Growth of Managed Security Services". The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

The increasing integration of advanced features and rising adoption of connected vehicles and telematics technology in automobiles are boosting the growth of the global automotive cyber security market. In this report, Persistence Market Research investigates the current trends and ongoing developments in the automotive cyber security market. This report also presents a holistic view on current drivers and challenges in the automotive cyber security market. Additionally, this report draws attention to various opportunities that already exist and are likely to be available in the automotive cyber security market.

Get a Sample PDF at: https://www.researchmoz.us/enquiry.php?type=S&repid=1869282

Extensive Research Conducted in Order to Reap Valuable Insights on the Current and Prospective Market Scenario

The scope of this market study includes the solutions and services of automotive cyber security. In this report, PMR provides detailed company profiles that include financials, key strategies, and developments of various automotive cyber security solution and service providers, such as SecureWorks Corp., IBM Corporation, Intel Corporation, Verizon Communications, Inc., and Symantec Corporation. The research methodology of this market study includes extensive primary and secondary research. Various surveys were conducted with automotive cyber security solution and services providers and industry experts to understand the value chain and critical driving factors of the automotive cyber security market. Desk research was conducted to identify current market trends and ongoing developments in the market.

Market Segmentation as per Technology and Component Facilitated in This Research Study

The market has been segmented into two broader categories - by technology and by component. The technology segment is further segmented into managed security services, end-point security services, integration services, consulting services, unified threat management, and others. Among these, the consulting services sub-segment is expected to grow at a relatively higher CAGR during the forecast period, owing to the increase in technological advancements in various countries such as the U.S., Germany, India, China, and Japan. The managed security sub-segment captured a market share of 19.5% at the end of 2016. Among the component segments, the services sub-segment is expected to grow at a CAGR of 12.5% during the forecast period, due to the increasing awareness of information security, and the increasing adaptation of advanced technologies such as vehicle-to-vehicle communication and telematics technology by automotive OEMs.

Regional Classification Offers Important Factors Associated with Each Regional Market for Automotive Cyber Security

The expansion of the automotive industry, growth of cyber threats and attacks, and digital transformation of the automotive industry are some of the primary factors which are fueling the growth of the automotive cyber security market. North America is projected to hold more than 40% of the market share in 2018. One of the major reasons for the dominance of North America is the presence of top automotive OEMs and IT solution and service providers. However, the SEA & others market in the APAC region is expected to create more potential growth opportunities in the automotive cyber security market in the coming years, owing to the increasing threat of cyber-attacks in the transportation and automotive systems in India and ASEAN countries.

Get Complete TOC With Tables and Figures @ https://www.researchmoz.us/global-market-study-on-automotive-cyber-security-burgeoning-demand-from-mobile-apps-social-networking-and-cloud-to-heighten-growth-of-managed-security-services-report.html/toc

Various automotive OEMs and IT solution providers are now focused on developing secure IT infrastructure and ecosystems for connected vehicles across the globe. This report also offers some recommendations for market stockholders. In brief, these recommendations encourage consultation between automotive cyber security solution providers, for which technological advancements should be an agenda. All stakeholders in the automotive cyber security market are recommended to work in collaboration and exchange their resources in order to offer advanced and highly efficient automotive cyber security solutions in near future.

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

ResearchMoz
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Email: sales@researchmoz.us
Website @ https://www.researchmoz.us/
Tel: 866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-621-2074
For More Reports Visit @ http://marketresearchlatestreports.blogspot.com/

This release was published on openPR.