New York, August 24, 2018: Cyber security 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.
Global Auto Cyber Security market is expected to grow at a CAGR of 13.2% during the period 2015-2020.
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. Western Europe, and Asia-Pacific regions will be dominating the market in next five years.
MRE predicts wireless security is set to be the higher priority for the automakers to leverage the advanced connected vehicle technology market growth in upcoming years (2015-2020). The increasing demand for the connected vehicle for the consumers is expected to impact on the automotive industry ecosystem. As per the market study, North America set to be a leading continent for this market growth followed by Asia Pacific and Western Europe regions.
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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.
Key Insights of Global Auto Cyber Security Market reports 2015-2020
- The Global Auto Cyber Security Market is analyzed by Security Types, Solutions, Services and Regions.
- Latest trends, Current market scenario, government initiative and technologies related to the Auto Cyber Security market.
- The regions covered in this report are North America, Western Europe, Asia-Pacific, Central Eastern Europe, Middle East & Africa and Latin America.
- Connected vehicle and security market outlook.
One of the major trends in the market will be the entry of cloud providers. As cloud-based technology is affordable and SMEs will be first end-user of this technology, the opportunity is large. Due to the untapped market, a lot of cloud providers will try to enter the market with customized cloud security applications. However, their entry can increase the competition and improve the solutions.
This study covers and analyzes “Auto/Automotive Cyber Security market” globally. Bringing out the complete key insights of this industry, this report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
The increasing demand for digital technology from the consumers leads automakers to consider the connected vehicle technology as a new business model for their future growth. In the next five years, connected vehicle technology is expected to positively impact on automotive industry market growth.
In near future, billions of the connected cars and driverless car will be on road as this technology grows that exponential increasing the concern regarding security. Due to this, automakers and cyber security vendors are need to working together to understand about scenarios to reduce the security issues.
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Table of Contents:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Cyber Security Market, By Security Type
7 Automotive Cyber Security Market, By Vehicle Type
8 Automotive Cyber Security Market, By Area of Application
9 Automotive Cyber Security Market, By Region
10 Competitive Landscape
11 Company Profiles
11.2 Infineon Technologies AG
11.3 Harman International Industries, Inc. (Towersec)
11.4 Argus Cyber Security
11.5 Delphi Automotive PLC
11.6 Intel Corporation
11.7 Lear Corporation
11.8 Trillium Inc.
11.9 SBD Automotive & Ncc Group
11.10 Karamba Security
11.12 Arilou Technologies
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