Global External Cloud Automotive Cyber Security Services Market, By Security (Endpoint Security, Application Security, Wireless Network Security), Application (Telematics System, Infotainment System, Powertrain System, Body Control & Comfort System, Communication System, ADAS & Safety System), Vehicle (Passenger Car, Commercial Vehicle), Electrical Vehicle (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Automotive cyber security services market is expected to reach USD 6.42 billion by 2028 and witnessing market growth at a rate of 17.1% in the forecast period of 2021 to 2028. Data Bridge Market Research report on external cloud automotive cyber security services market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Cyber security is the practice of protecting computers, networks, servers, mobile devices, data and electronic systems from malicious attacks and unauthorised access. Cyber security related to the road vehicles, is the protection of electronic system, control algorithm, software, communication networks in automotive from unauthorised access to the vehicle, manipulation, damage or malicious attacks. There are widely used application such as telematics systems, infotainment systems, powertrain systems, ADAS & safety systems and others.
The trends of cloud-based applications are increasing in automotive industry for more security and safety is propelling the growth of the market. Rising number of connected cars is also fuelling the automotive cyber security services market. Increasing technological advancement and electronics content inside the vehicles is increasing the market. Also, growing support from the government regulatory bodies for vehicle protection and security is also driving the market growth.
The high cost associated to the automotive cybersecurity is hindering the growth of the market. The lack of standards and proper integration of components might be lead the cyberattack issues in the vehicles, which may hamper the growth of the automotive cybersecurity market. Due to cloud automotive cyber security, big data complexities may also increase.
The development of necessary software development process for automobile manufacturers is a big challenge for the automotive industry.
However, to overcome this challenge, automotive OEMs are partnering and acquiring the companies who provide cloud based solutions. This is bringing the opportunities for the automotive industry to provide secured and faster data transfer benefit and decrease downtime to the automotive users by providing cloud based security services.
This external cloud automotive cyber security services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research external cloud automotive cyber security services market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global External Cloud Automotive Cyber Security Services Market Scope and Market Size
Electric commercial vehicle market is segmented on the basis of security, application, vehicle, and electric vehicle. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Electric commercial vehicle market on the basis of security has been segmented as endpoint security, application security and wireless network security. The wireless network segment is capturing the major market, due to increased need of security related to network and number of connected cars, which have high probabilities of cyberattacks.
- Based on application, the external cloud automotive cyber security services market has been segmented into telematics system, infotainment system, powertrain system, body control & comfort system, communication system and ADAS & safety system. Infotainment system is expected to hold the maximum market share in the forecast period. ADAS & safety system is likely to grow with the highest growth rate over the forecast period due to ground-breaking technological advancement in this segment.
- Based on vehicle, the external cloud automotive cyber security services market has been segmented into passenger car and commercial vehicle. Passenger car segment is dominating the market as the production of passenger car is more than the commercial vehicles.
- On the basis of electric vehicle, the external cloud automotive cyber security services market has been segmented into battery electric vehicle, hybrid electric vehicle and plug-in hybrid electric vehicle.
External Cloud Automotive Cyber Security Services Market Country Level Analysis
External cloud automotive cyber security services market is analysed and market size, volume information is provided by country, security, application, vehicle, and electric vehicle as referenced above.
The countries covered in the external cloud automotive cyber security services market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America is leading the cloud automotive cyber security services market due to increased demand for smart automotive in this region. Moreover, increased government support and investment to deal with cyberattacks in the automotive industry is also one of the factor for the growth of the market in this region. Asia-Pacific is the second-largest market and is estimated to grow with highest growth rate in the forecast years, owing to change in consumer lifestyle and increase in disposable income of the user to buy vehicles with more advanced features.
The country section of the external cloud automotive cyber security services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and External Cloud Automotive Cyber Security Services Market Share Analysis
Electric commercial vehicle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to external cloud automotive cyber security services market.
The major players covered in the external cloud automotive cyber security services market report are HARMAN International, Continental AG, DENSO CORPORATION, Aptiv, Symantec Corporation, NXP Semiconductors., Honeywell International Inc., Trillium Secure, Inc., ESCRYPT, Vector Informatik GmbH, Karamba Security, Guardknox Cyber Technologies Ltd., Upstream Security Ltd., Nexor, Capgemini, Intellias Ltd., Lear Corporation., Capricode Oy, AO Kaspersky Lab., FUJITSU, Telefonaktiebolaget LM Ericsson, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many prominent players in the market are taking different initiatives in the market so they can enhance their market reach and strengthen their market position.