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Booming External Cloud Automotive Cyber Security Services Market: Fueled by Connectivity and Cyber Threats, It's Set to Reach $4.72 billion by 2029.
External Cloud Automotive Cyber Security Services Market
Spearheading automotive cybersecurity in the age of connected vehicles, the global external cloud automotive cyber security services market is witnessing rapid expansion.
What Is The Projected Market Size Of The Global External Cloud Automotive Cyber Security Services Market And Its Growth Rate?
The external cloud automotive cyber security services market has experienced significant growth in recent years.
• The market expanded from $2.44 billion in 2024 to $2.71 billion in 2025, with a robust CAGR of 10.9%.
• The driving forces include an increased number of connected vehicles, sophisticated automotive cyber threats, regulatory initiatives focusing on cybersecurity, and rising awareness of cybersecurity risks in the automotive sector.
• Projected to grow to $4.72 billion by 2029, the market's CAGR is estimated at 14.9%.
• The forecast period will see an expansion of the electric and autonomous vehicle market, development of over-the-air software updates, use of cloud-based platforms for vehicle data storage, increasing collaboration between automotive manufacturers and cybersecurity service providers.
What Is Driving The Growth In The External Cloud Automotive Cyber Security Services Market?
The growth in external cloud automotive cyber security services market can be attributed to the rising number of connected cars. These vehicles can access the internet through an inbuilt connectivity system, but they are potentially vulnerable to cyber threats, thus driving demand for cyber security services. For instance, according to the Internet of Business, the number of connected cars is expected to surge by 270% to 125 million by 2022.
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Who Are the Key Players Driving External Cloud Automotive Cyber Security Services Market Growth?
Notable players in the external cloud automotive cyber security services market include:
• Continental AG
• Denso Corporation
• Aptiv PLC
• NXP Semiconductors N.V.
• Honeywell International Inc.
• Trillium Secure Inc.
• Vector Informatik GmbH
• Karamba Security
• Guardknox Cyber Technologies Ltd.
• Capgemini SE
What Are The Key Trends In The External Cloud Automotive Cyber Security Services Market?
The major trends in the market include:
• Emergence of AI and machine learning in automotive cybersecurity
• Growing demand for real-time threat intelligence and monitoring
• Focus on end-to-end encryption for in-vehicle and cloud communication
• Development of blockchain-based security solutions for automotive data
• Integration of cybersecurity as a key component in overall vehicle design and development
What Are The Segments Of The Global External Cloud Automotive Cyber Security Services Market?
The global external automotive cyber security services market can be segmented into:
• Security: Endpoint Security, Application Security, Wireless Network Security
• Electric Vehicle Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle
• Vehicle Type: Passenger Car, Commercial Vehicle
• Application: Telematics System, Infotainment System, Powertrain System, Body Control And Comfort System, Communication System, ADAS And Safety System
Which Region Leads The External Cloud Automotive Cyber Security Services Market?
North America took the lead in the external cloud automotive cyber security services market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period.
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What Is Covered In The External Cloud Automotive Cyber Security Services Market Global Market Report?
- Market Size Analysis: Analyze the External Cloud Automotive Cyber Security Services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the External Cloud Automotive Cyber Security Services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall External Cloud Automotive Cyber Security Services Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the External Cloud Automotive Cyber Security Services Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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