Press release
Automotive Cybersecurity Market Trends 2024 By Key Vendors: Audi, BMW, Daimler, Ford, General Motors, Honda, Hyundai, Nissan, Tesla, Volkswagen, Volvo Group, Lear Corporation, Symantec, AT&T, Cisco, Continental, Intel Security, Argus Cyber Security
Automotive Cybersecurity Market
Cloud security is the fastest growing segment in the automotive cybersecurity market and it is projected that by 2024, approximately 30% of the vehicles globally will be deployed with cybersecurity cloud services. They examine and manage the fleets of vehicles through software such as management service, which enables them to assess the irregularities and identify unauthorized efforts to attack the connected vehicles. The automotive industry is making huge investments in the cloud technology to secure the automotive cloud environment.
Request for a sample of this research report @
www.gminsights.com/request-sample/detail/2714
The software security segment in automotive cybersecurity market is projected to grow at a CAGR of 24.5% over the forecast period. The proliferation of ECUs in the automobiles has also increased the attack surface making vehicles easily accessible to attackers. There are a large number of ECUs with different capabilities in the automobiles, making them necessary to provide software security to these systems.
The passenger/consumer vehicles held 89.9% of the market share in 2017 and are projected to dominate the market over the forecast period. Cybersecurity plays a key role for consumers when they are purchasing the vehicle due to which various automotive manufacturers are working toward making cybersecurity a priority by adopting multi-layered security approach. Tier 1 companies and OEMs are using comprehensive solutions by combining innovative technologies and cybersecurity services, addressing the security challenges in connected passenger vehicles.
The commercial vehicle segment in automotive cybersecurity market is expected to grow at a CAGR of 34.5% over the forecast timeline as these vehicles play a major role in delivering the country’s goods and services and hence, protecting them from the rising cybercrime is a necessity. These vehicles also use relevant technologies to extend their connectivity and assist the businesses to enhance their working efficiency. It helps them in reducing fuel costs and increasing vehicular productivity boosting their demand.
World Automotive Cybersecurity Market is set to grow from its current market value of $187 million to more than $837 million by 2024, growing at a CAGR of over 23%.
Industry Growth drivers -
• Increasing requirement for cybersecurity in connected cars
• Rising collaboration between the automotive and ICT industry
• Rise in the market or Advanced Driver Assistance System (ADAS)
• Growing advent of telematics and cellular network in automotive sector
• Growing partnerships and funding’s for connected cars cybersecurity
• Improvement in the consumer safety and mobility along with reduction in environment degradation
• Growing government rules and regulations
The communication application is projected to reach USD 231.4 million by 2024 due to the various innovations in the automotive communication technology which include short-range communication, V2V, V2I, and vehicle to internet communication with the aid of embedded modems and Bluetooth-paired smartphones. As these devices are highly prone to cyber-attacks, it is essential to maintain secure communication between these devices and automobiles interior ECUs. Hence, various automotive and software security providers are entering into strategic partnerships and collaborations to enhance the vehicular communication systems safety and security.
The On-board Diagnostics (OBD) automotive cybersecurity market application segment is projected to grow at a CAGR of 31.7% over the forecast timeframe due to the rising advent of smartphones and enhanced miniaturization. The vehicle aftermarket manufacturers and startups attach these devices to the on-board diagnostic port present in the connected cars. As these OBD ports provide direct contact to the Controller Area Network (CAN) bus, it is necessary to protect these ports from cyber attackers.
Make an inquiry for purchasing this report @
www.gminsights.com/inquiry-before-buying/2714
The infotainment application is anticipated to reach an automotive cyber security market revenue of USD 83 million by 2024 as they deliver major benefits such as audio/ video calling, navigation, live music streaming, Bluetooth and USB connectivity, Wi-Fi, and in-car internet. These systems have access to more and more vehicle functions, making them more vulnerable to the cyberattacks. Various automobile firms are entering into strategic partnerships to secure their connected cars.
North America dominates the automotive cybersecurity market due to the rising collaboration between the automotive manufacturers and software providers to enhance their connected car safety and security. The U.S. and Canada are the main contributors of new automobiles deployed with the latest technologies, driving the automotive cybersecurity market growth.
Europe automotive cybersecurity market is witnessing a fast growth rate and is projected to reach USD 224 million by 2024. Germany dominates the European automotive cybersecurity market as it is the home to some of the leading automobile manufacturers including Ford, Volkswagen, BMZ, Audi, Mercedes-Benz, Opel, and Porsche. These companies are working with various software cybersecurity providers to increase the security offering aimed at maintaining passenger safety while traveling.
Browse Full Report: https://www.gminsights.com/industry-analysis/automotive-cybersecurity-market
The Asia Pacific automotive cyber security market is projected to grow at a CAGR of 33.3% over the forecast period due to the increasing demand for connected vehicles in this region. Increasing investments to develop advanced in-car services and connectivity infrastructure are also driving the automotive cybersecurity market demand.
Some of the major vendors operating in the automotive cybersecurity market are Audi, BMW, Capio, Cognata, Daimler Trucks, Ford, General Motors, Honda, Hyundai Motor Group, Nebula Systems, Nissan, Tesla Motors, TriLumina Corporation, Volkswagen, Volvo Car Group, Argus Cyber Security, Arilou Technologies Ltd. , AT&T, Automatic Labs, BT Security, Cisco Systems , Continental AG, Intel Security, Karamba Security, Lear Corporation, and Symantec Corporation.
Market share calculation in this report is not done based on companies covered in it. The calculation of Automotive Cybersecurity Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Cybersecurity Market Trends 2024 By Key Vendors: Audi, BMW, Daimler, Ford, General Motors, Honda, Hyundai, Nissan, Tesla, Volkswagen, Volvo Group, Lear Corporation, Symantec, AT&T, Cisco, Continental, Intel Security, Argus Cyber Security here
News-ID: 1492589 • Views: …
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application.
The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing…
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil.
Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy…
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024.
Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care.
Sulfosuccinates are mainly a mild type…
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness.
Request a sample of this research report @
https://www.gminsights.com/request-sample/detail/233
Top Key Players in The Market are:
Graphenea S.A., Applied Graphene Materials plc, ACS…
More Releases for Cyber
Cyber Security Market Research Reports, Cyber Security Market Revenue, Issues an …
The Cyber security, also denoted to as IT security, emphasizes on maintenance computers, programs, networks, and data from unrestrained or spontaneous admittance. It contains network security, application security, endpoint security, identity administration, data security, cloud security, and infrastructure security. As the cyber threats have augmented at an alarming rate, security solutions have been achievement traction, worldwide. Solutions such as antivirus software and firewalls have grown-up in involvedness and recognized to…
Cyber Security Market Research Reports | Cyber Security Market Revenue | Future …
The Cyber security, also mentioned to as IT security, emphasizes on maintenance computers, programs, networks, and data from unrestrained or spontaneous admittance. It contains network security, application security, endpoint security, distinctiveness management, data security, cloud security, and infrastructure safekeeping. As cyber threats have augmented at an alarming rate, security solutions have been purchase traction, globally. Solutions such as antivirus software and firewalls have grown up in complexity and demonstrated to…
Market Research Reports Of Cyber Security | Cyber Security Market Growth Analysi …
Cyber security market is very fragmented & highly competitive market that comprises several global & regional players. Cyber Security is a key concern that helps the organizations to monitor, detect, report, and contradict cyber threats for maintaining data confidentiality. As the innovation is developing and new applications are coming into market, programmers are finding the new escape clauses and taking the significant & secret information's from the servers and selling…
Mandatory legislation regarding cyber security is driving cyber insurance market
Just as people insure their car, home or other physical assets, firms are insuring their IT infrastructure, including their servers, networks, and devices. The global cyber insurance market attained a size of $3,416.4 million in 2016, as per P&S Intelligence, which also said that the market will grow at a CAGR of more than 20.0% in the coming years. Currently, large enterprises are the major buyers of cyber insurance as…
Cyber Institute receives Best Cyber Security Education Initiative - USA
The Cyber Institute received the 2019 US Business News Best Cyber Security Education Initiative - USA for their programs to help reduce barriers into cybersecurity and STEM related careers by advancing traditional and non-traditional pathways; for women and minorities in particular. By increasing access to education, employment, and workforce development, we believe they will have greater opportunities for self-determination and self-reliance.
The Cyber Institute received the prestigious international US Business News…
Cyber Check: Cyber Risk Screening for SMEs
CRIF Decision Solutions has launched Cyber Check (powered by KYND's cyber risk technology) to provide small and medium size enterprises [SMEs] with an economically viable service to allow them to rapidly identify their cyber risk vulnerabilities.
Available as a one off assessment or regular monitoring, Cyber Check undertakes immediate screening and instantly provides a report detailing the company's cyber risk exposure. The service is quick and easy to use and IT…
