Press release
External Cloud Automotive Cyber Security Services Market Trends, Industry Analysis, Key Drivers, Top Major Players And Forecast To 2032
External Cloud Automotive Cyber Security Services Market Analysis
The Business Research Company's External Cloud Automotive Cyber Security Services Global Market Report 2023 identifies rising number of connected cars as the major driver for the external cloud automotive cyber security services market's growth in the forecast period. A connected car is a vehicle that can access the internet to connect with other vehicles through an inbuilt connectivity system. The number of connected cars and cars with smart connectivity features has been increasing recently. These cars can access the internet, but they are also vulnerable to cyber-attacks and therefore need cyber security services.
The global external cloud automotive cyber security services market size will grow from $2.06 billion in 2022 to $2.39 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the external cloud automotive cyber security services is expected to grow to $4.07 billion in 2027 at a CAGR of 14.2%.
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Major competitors in the external cloud automotive cyber security services market are Harman International Industries, Continental AG, Denso Corporation, Aptiv PLC, Symantec Corporation, NXP Semiconductors N.V.
A key trend in the external cloud automotive cyber security services market includes technological advancement. The players in the market are constantly innovating and incorporating new technologies to lead the market. For instance, in March 2022, Wipro, an India-based information technology company, launched a Cloud Car platform equipped with an end-to-end cybersecurity system. With this, car manufacturers can address software failures via over-the-air updates. The platform will decouple previously integrated hardware and software, enabling manufacturers to upgrade software at scale.
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The external cloud automotive cyber security services market is segmented -
1) By Security: Endpoint Security, Application Security, Wireless Network Security
2) By Electric Vehicle Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle
3) By Vehicle Type: Passenger Car, Commercial Vehicle
4) By Application: Telematics System, Infotainment System, Powertrain System, Body Control And Comfort System, Communication System, ADAS And Safety System
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the external cloud automotive cyber security services market.
The Business Research Company's "Global External Cloud Automotive Cyber Security Services Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The External Cloud Automotive Cyber Security Services Market Include:
1. Executive Summary
2. External Cloud Automotive Cyber Security Services Market Characteristics
3. External Cloud Automotive Cyber Security Services Market Trends And Strategies
4. External Cloud Automotive Cyber Security Services Market - Macro Economic Scenario
5. External Cloud Automotive Cyber Security Services Market Size And Growth
…….
26. Africa External Cloud Automotive Cyber Security Services Market
27. External Cloud Automotive Cyber Security Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The External Cloud Automotive Cyber Security Services Market
29. External Cloud Automotive Cyber Security Services Market Future Outlook and Potential Analysis
30. Appendix
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