PUNE, India, July 8, 2016 /PRNewswire/ --
The report "Automotive Cyber Security Market by Security Type (Network, Endpoint, Application, Wireless & Cloud), Area of Application (Infotainment, Telematics, OBD, Safety, Powertrain, Communication & Others), Vehicle Type, and by Region - Global Forecast to 2021", The global market is projected to grow at a CAGR of 13.2% from 2016 to 2021, to reach a market size of USD 31.8 Million by 2021.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 55 market data Tables and 45 Figures spread through 116 Pages and in-depth TOC on "Automotive Cyber Security Market"
Early buyers will receive 10% customization on this report.
The major factors behind the growth of the global Automotive Cyber Security Market are the growing connected cars being introduced from OEMs and rising security concerns among end-users.
North American connected vehicle ecosystem: The rising trend
The demand for cars has also witnessed a boost recently in the North American region with the convergence of the ICT sector, the automotive sector, and the transportation sector, resulting in the emergence of the connected vehicle ecosystem. The emergence of connected technology has given a new factor to OEMs to remain relevant in a reduced demand in the market. Thus, from the increasing use of connected cars it is evident that the need for cyber security in cars will also increase in the North American market.
Make an Inquiry: http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=170885898
Network security market has the highest share in the cyber security market
The network security market size in the global cyber security market has the maximum market share during the forecast period. Network security encompasses security products and services that are used to detect and prevent auto cyber threats in a typical automotive computer network. It ensures protected network through restricted device management accessibility to automotive terminal, management ports, authorized services, and protocols. The network communication enables consumers to seamlessly interconnect their smartphones/network devices to their car and experience feature-rich interactive applications on the go. Nowadays, network communication is one of the key reasons for malicious activity seen in the connected cars market, where a typical hack can easily take place due to third-party network communication access in a connected automobile.
Communication channels estimated to be a critical area for OEMs
In the connected vehicle ecosystem, a vehicle communicates with other vehicles and the infrastructure, which involves data exchange. This data exchange also presents a potential security threat as the hackers can use it as a point of entry. Apart from external communications, a connected vehicle also features internal communication channel to exchange data within the vehicle. It is crucial to secure these channels to minimize the threats to critical systems which are interconnected.
The major players such as Argus Cyber Security (Israel), Harman International Industries (U.S.), Karamba Security (Israel), and Intel Corporation (U.S.) are developing solutions for dominating the global Automotive Cyber Security Market.
Browse related reports:
Vehicle Security System Market by Type, Technology, Vehicle Type (Passenger Car, Commercial Vehicles and Off-Highway Vehicles), and by Region (Asia-Pacific, Europe, North America and Rest of the World) - Industry Trends and Forecast to 2021
http://www.marketsandmarkets.com/Market-Reports/automotive-security-market-184165229.html
Connected Car Market by Connectivity Form Factor (Embedded, Tethered, Integrated), Connectivity Technology (LTE, 3G, HSPA+, Wi-Fi, Bluetooth), Application (Navigation, Telematics, Infotainment) and Geography - Trends & Forecast to 2014 - 2020
http://www.marketsandmarkets.com/Market-Reports/connected-cars-market-595.html
Know More About our Knowledge Store @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets:
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/automotive-transportation
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article