Global Automotive Cybersecurity Market Analysis 2019 – Dynamics, Trends, Revenue, Industry Players, Regional Segmented, Outlook & Forecast Till 2025

Global Automotive Cybersecurity Industry

Wise Guy Reports Published Latest Research Report “Global Automotive Cybersecurity Market” Research Report Which Provides Industry Share, Key Players, Market Segments and Revenue.

Global Automotive Cybersecurity Industry

New Study On “Global Automotive Cybersecurity Market Share, Supply, Analysis and Forecast to 2025” Added to Wise Guy Reports Database

Automotive Industry is one of the largest industry in the world. It includes a wide range of companies into design, development, research, manufacture, marketing, selling, import and export of vehicles and vehicular components. It is one of the major revenue-generating industry which provides the end-user services of delivery of the vehicle, repair, and maintenance service.

Almost everything in the 21st century runs on computers. The vehicles also can be said to be controlled by computers. Steering, acceleration, brakes, and the display in the car on the odometer section everything runs through the computer system. A vehicle can be said to be a huge collection of a computer system which runs on millions and billions of computer codes. It is housed or caged by a metal body. The Manufacture of these automotive transport vehicles is nothing but a result of IT development. The automotive industry thus can also be said to be the IT industry in part.

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With technological development, there are also risks attached and hence need for cybersecurity is felt. It is the case of the majority of people that everyone wants to use a smartphone and smart gadgets, but when it comes to dealing with the vulnerabilities of the system, a need for cybersecurity is felt.

The safety of the vehicle is compromised with vulnerability. Car and automobiles run on a software system, and thus, such automobiles can run the risk of life and property in case someone intrudes into the computer system of the vehicle or hacks the system. The automotive vehicles consist of various software-based electrical component and using an internal network of software; it is easy for any person to hack the system and take control over the brakes and engines. Hence, there is a need for automotive cybersecurity to protect the vehicles from any kind of cyber-attacks and thereby ensure the security of people and property.

Growth Trends

The Global Automotive Cybersecurity market is expected to rise to 1150.6 Million USD and grow at a rate of 12.1% CAGR during 2018-2026.

Regional Players

The regional contributors towards the Global Automotive Cyber Security market are the region such as North America comprising US and Canada, Latin America comprising of countries such as Mexico, Brazil, Peru and Chile, Western Europe comprising of Germany, UK, France, Spain, Italy, Nordic Countries, Belgium, Netherlands, and Luxembourg. Eastern Europe comprises of Poland and Russia, Asia Pacific Region comprising of China, Japan, Australia, New Zealand and the Middle East and Africa region consisting of South Africa and North Africa.

Market Segments

The Global Automotive Cyber Security Market segments can be bifurcated into three main streams. By Vehicle Type, it falls into the category of Light Commercial Vehicles, Heavy Commercial Vehicles, and Passenger Vehicles. Based on Solution, it is Software-based, Professional-based, and Hardware-based. Based on Security, the Automotive CyberSecurity solutions come in the form of Network, Endpoint, Cloud, Application, and Wireless. By Telematics, Communication, Safety, On-Board Diagnostics, Application, Infotainment are the key categories of Automotive Cybersecurity.

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