Global Automotive Cyber Security Market Showcase Forecast 2018-2026

Posted by Arslan on January 14th, 2019

In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Automotive Cyber Security Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

The increasing integration of advanced features and rising adoption of connected vehicles and telematics technology in automobiles are boosting the growth of the global automotive cyber security market. In this report, Persistence Market Research investigates the current trends and ongoing developments in the automotive cyber security market. This report also presents a holistic view on current drivers and challenges in the automotive cyber security market. Additionally, this report draws attention to various opportunities that already exist and are likely to be available in the automotive cyber security market.

The scope of this market study includes the solutions and services of automotive cyber security. In this report, PMR provides detailed company profiles that include financials, key strategies, and developments of various automotive cyber security solution and service providers, such as SecureWorks Corp., IBM Corporation, Intel Corporation, Verizon Communications, Inc., and Symantec Corporation. The research methodology of this market study includes extensive primary and secondary research. Various surveys were conducted with automotive cyber security solution and services providers and industry experts to understand the value chain and critical driving factors of the automotive cyber security market. Desk research was conducted to identify current market trends and ongoing developments in the market.

The market has been segmented into two broader categories - by technology and by component. The technology segment is further segmented into managed security services, end-point security services, integration services, consulting services, unified threat management, and others. Among these, the consulting services sub-segment is expected to grow at a relatively higher CAGR during the forecast period, owing to the increase in technological advancements in various countries such as the U.S., Germany, India, China, and Japan. The managed security sub-segment captured a market share of 19.5% at the end of 2016. Among the component segments, the services sub-segment is expected to grow at a CAGR of 12.5% during the forecast period, due to the increasing awareness of information security, and the increasing adaptation of advanced technologies such as vehicle-to-vehicle communication and telematics technology by automotive OEMs.