The Global Auto Cyber Security market is expected to grow at a CAGR of 13.2% during the period 2015-2020, mainly driven by security type’s market segment. The growth of security market is due to increase in demand for the wireless based application from connected car enablers and security segment. The Auto Cyber Security market is analyzed in six regions – North America, Western Europe, Central Eastern Europe, Middle East & Africa, Latin America and Asia-Pacific. According to Publisher, Western Europe, and Asia-Pacific regions will be dominating the market in next five years.
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Cybersecurity is the process and practice designed specifically to protect computers, networks, programs, and data from damaging or unauthorized access. Today, Automotive industry is the biggest vertical segment in the manufacturing sector where nowadays, connected cars are on roads. With the use of connected devices (IoT/IoE), security becomes one of the issues. Thus, organizations are using security applications to protect the automobile from theft and other malware attacks.
With the increase in IoT devices, the number of connected cars will increase leading to security concerns. The concern of this security will hamper the market in the future leading to more opportunities for security providers. Thus, automakers and cyber security vendors need to work together for the development of the new security applications. The auto cyber technology will boost the automaker revenues and most of the security providers will consider auto cyber technology as objective and strategy to increase their footprints.
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1 Industry Outlook
2 Report Outline
3 Market Snapshot
4 Market Outlook
5 Market Characteristics
6 Security Types: Market Size & Analysis
7 Solutions: Market Size & Analysis
8 Services: Market Size & Analysis
9 Region: Market Size & Analysis
10 Competitive Landscape
11 Global Generalists
12 Companies to Watch For
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Country: United States