Along the connected cars and autonomous vehicles across the corner and the wide transformation of the transportation, one of the foremost that the automotive industry would face is vehicle cyber attacks. Whereas, in the present era, the IoE/IoT is an innovative technology is building the industry players to suggest the huge variety of the services for their consumers to develop the consumer observation and loyalty. The automotive industry is the highest vertical in the segment of manufacturing that leverages the developed IoT/IoE technology-as developing connected car technology. Such technology is booming up the automaker revenues and they are allowing for this technology as objective and the foremost business strategy to augment their footprints around the world.
In addition, there could also be regarding issues concerning the security of the intelligent security systems that interconnect with the automobiles. Hence, with the augmenting popularity of the connected vehicles, the auto-makers are functioning in the cooperation with the effective internet service delivers and software corporates to suggest the cyber security systems to the consumers or users.
According to the report analysis, ‘Auto Cyber Security Market, Security Types (Wireless Security, Network Security, Application Security, Cloud Security, Data Security), Solutions (IPS/IDS, IAM, Security Risk Management, UTM, Data Encryption, Vulnerability Management), Services, Region – Global Market Drivers, Opportunities, Trends & Forecasts, 2015-2020’ states that there are several corporates in the auto cyber security market which effectively function for leading the highest market growth and registering the high value of market share across the globe in the near years while introducing the new market for the mobile network operators, augmenting the security players, decreasing the cost of technology and effectively solving the issues of safety and security related to the users includes Delphi Automotive PLC, Check Point Software Technologies Ltd, Cisco System, Inc, McAfee Inc, NXP Semiconductors, Continental AG, Daimler AG, Fortinet Inc, Capgemini S.A, FICO, International Business Machines Corp, Microsoft Corporation, TowerSec, Argus Cyber Security Inc., Mocana, Security Innovation Inc., Arilou Technologies and several others.
Not only has this, this report considers the four foremost sectors in automotive cyber security market Service Segment, Solution Segment, Security type segment and Regions segment. Moreover, with the effective increase in the usage of IoT technology, billions of connected cars will be on road augmenting the concern related to the security. The concern of the security will influence the market for Auto Cyber security. Owing to this, the automakers and cyber security merchants need to function together to understand and seizure the market.
Nonetheless, the Global Auto Cyber Security market is anticipated to increase at a CAGR of 13.2% during the period of 2015-2020, majorly fueled by the Security type’s market segment. The growth of Security market is owing to lead in requirement for the wireless based application from connected car enablers and security sector is predicted to increase at CAGR of 12.6% during the period of 2015-2020.
The Global Auto Cyber Security market is analyzed in six regions-North America, Western Europe, Central Eastern Europe, Middle East & Africa, Latin America and Asia Pacific. For instance it is anticipated that the Western Europe and Asia Pacific regions will be registering the market in next five years. Therefore, in the near years, it is anticipated that the market of auto cyber security will increase around the globe more enormously over the near years.
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Ankur Gupta, Head Marketing & Communications