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execweb1 · 2 years
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Execweb is a Cybersecurity Referral Executive Network facilitating professional 1:1 virtual meetings and virtual roundtables between cybersecurity vendors and security practitioners (CISOs, Heads of Security, etc.) to form mutually beneficial business partnerships. 
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amey-inkwood · 11 months
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Growing Sophistication of Cyberattacks Propels Global Cyber Security Market Growth
According to the estimations put forth by Inkwood Research, the Global Cyber Security Market is predicted to register a CAGR of 9.82% in terms of revenue during the forecasting years of 2023-2032.
“Browse 104 Market Data Tables and 75 Figures spread over 320 Pages, along with an in-depth TOC on the Global Cyber Security Market Forecast 2023-2032.”
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In today's digital age, cybersecurity has become a pivotal component of our interconnected world. As organizations, governments, and individuals rely increasingly on digital technologies, the need for robust cybersecurity solutions has surged.
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Increasing Frequency and Sophistication of Cyberattacks: Primary Growth Driver
The increasing frequency and growing complexity of cyberattacks pose an escalating threat to our modern digital society, primarily driven by the ever-expanding attack surface. With the rapid proliferation of digital devices and the Internet of Things (IoT), hackers have a wide range of potential targets. These encompass traditional computers, smartphones, smart home devices, industrial control systems, and vehicles. Each new connected device introduces a possible vulnerability that malicious actors can exploit.
Advanced Persistent Threats (APTs) stand out as a critical factor in the intensification of cyberattacks. APTs are highly sophisticated, long-term campaigns usually conducted by nation-state actors or well-funded criminal organizations. These attacks involve meticulous planning and extensive surveillance at multiple stages, rendering them exceptionally difficult to identify and counter effectively.
Ransomware attacks have surged in both popularity and sophistication. Cybercriminals utilize advanced encryption methods and demand substantial ransoms in cryptocurrency. These attacks have transformed into a profitable enterprise, attracting more individuals to engage in cybercrime.
IAM: Dominating Solution
Identity and Access Management (IAM) is an essential component of cybersecurity, encompassing the procedures, policies, technologies, and methodologies employed by organizations to govern and regulate access to their resources, systems, and data. IAM plays a pivotal role in safeguarding an organization's digital assets, ensuring their security, confidentiality, integrity, and availability.
IAM systems oversee user authentication, guaranteeing that exclusively authorized users can gain access to systems and data. This typically involves the utilization of usernames, passwords, and multi-factor authentication (MFA) to verify the identities of users. Following authentication, IAM systems implement access controls and permissions to determine the actions users are permitted to execute and the resources they can reach. This is generally based on the principle of least privilege, guaranteeing that users possess only the minimum access required to carry out their job responsibilities.
North America: Largest Revenue-Generating Region
The region faces a diverse range of cyber threats, from ransomware attacks to data breaches. The sophistication of cybercriminals requires constant innovation in cybersecurity solutions. Stringent data protection regulations such as GDPR and CCPA have pushed organizations to invest heavily in compliance and data security measures.
Further, the adoption of a Zero Trust security model is gaining momentum, with organizations emphasizing continuous verification and the principle of "never trust, always verify." As more organizations migrate to cloud environments, cloud security solutions are in high demand to protect sensitive data stored in the cloud.
Some of the prominent players in the market are Cisco Systems Inc, Check Point Software Technology Ltd, Fortinet Inc, International Business Machines Corporation, etc.
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About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, the Middle East, Europe, Asia, and Africa.
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akash-lokhande · 2 years
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Cybersecurity Market
The global Cybersecurity market was valued at 140580 million in 2021 and is projected to reach US$ 262330 million by 2028, at a CAGR of 9.3% during the forecast period 2022-2028.
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The surge in the trend of #iot & #byod, rise in threats of malware and phishing among enterprises and increase in demand for cloud-based #cybersecurity solutions facilitate the growth in the global #cybersecuritymarket.
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#CybersecurityMarket is anticipated to expand at a compound annual growth rate (CAGR) of 11.6% during the forecast period 2022.
Read our latest market research report published on Cybersecurity Market, https://bit.ly/2KjldFr
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ipratikd-blog · 6 years
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Cyber Security Market to Reflect Impressive Growth Rate During 2017 – 2025
Enterprises are increasingly deploying cyber security products and solutions in order to protect confidential data from security impeachment. Today, cyber security has become an essential mechanism to block perilous cyber threats. In 2016, the global market for cyber security stood at US$ 76,400 Mn and projected to grow to US$ 205,810.4 Mn by 2025, reflecting a CAGR of 12% during the forecast period. The increasing application of cloud-based services in multiple workloads including data backups, Email services, ERP, CRM, and collaboration services is expected to drive the growth of global cyber security market in 2017 and beyond.
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The cost of cloud-based services is comparatively cheaper, as these services require a very minimum IT infrastructure setup. However, cloud deployment increases vulnerabilities in software and often makes it easy to access. Therefore, many companies are shifting towards the adoption of cyber security solutions to secure their workloads on the cloud. In addition, robust digitization across the globe continue to create the possibility of new cyber threats, hence, compelling enterprises to opt for cyber security solutions in order to tackle unethical hacking and malignant cybercrimes.
Persistence Market Research (PMR) in its report titled “Cyber Security Market: Global Industry Analysis and Forecast 2017-2025” projects that the cyber security market in North America will retain its top spot over the assessment period. By 2025-end, the region’s cyber security market is expected to surpass a valuation of US$ 67,142 Mn. Meanwhile, adoption of cyber security technologies in Asia Pacific (APAC) remains strong, hence, the market in the region is anticipated to witness the highest growth rate during the forecast period. In terms of growth, cyber security market in the Middle East & Africa region is also expected to witness an impressive growth rate despite having a significantly smaller market size.
The report also cites that the arrival of several cutting-edge security services for IoT coupled with the escalating demand for next generation security solutions is bringing lucrative business propositions for market players. IBM Corporation, Microsoft Corp., Lockheed Martin, Intel Corp., Secureworks, Symantec Corporation, Verizon Communication Inc., Sophos, Check point software technologies, and Trend Micro rank amongst the top notch companies in the globe having expertise in cyber security solutions.
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Additional Excerpts From the Report Include:
Managed security emerged as one of the most preferred cyber security technology in recent years. Adoption of managed security services is growing rapidly in order to ease up operations and management in various domains such as banking, telecommunications, and healthcare.
Based on components, cyber security services will continue to have a higher preference than cyber security software and hardware throughout the assessment period.
In 2017 and beyond, deployment of cyber security solutions is expected to remain robust in telecommunication and banking sectors. Incidentally, these two sectors account for sizable revenues shares of the global cyber security market.
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To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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akash-lokhande · 2 years
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Managed Cyber Security Services Market
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An increase in user preference for public transportation & the growing demand for smart transportation and the IoT will propel the Railway Cybersecurity Market
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Railway Cybersecurity Market is Booming with Strong Growth Prospects
Railway Cybersecurity Market is estimated to be $6.2 billion in 2021 and is projected to grow at a CAGR of 9.4% during the forecast period, to reach $10.6 billion by 2027.
The key players considered in the analysis of the Railway Cybersecurity Market are Thales Group (France), Siemens AG (Germany), Alstom (France), Wabtec (US), and Nokia Networks (Finland).
Opportunity: Increasing demand for cloud-based services
The demand for cloud-based services, analytics, and mobile internet technologies is increasing due to their efficient IT management and reliable security environment. With the rapid increase in big data applications, the level of complexity is also expected to increase, given the sprouting data pool, emerging technologies, and constant need to optimize cost. These factors are expected to influence the growth of new analytics platforms and data storage.
The signaling system has been considered to operate on a closed network for safety. Currently, these systems are becoming more centralized and integrated and have become IT-based using regular computer and COTS (commercial off-the-shelf) components and thereby becoming vulnerable to cyberthreats. Thus, it becomes necessary to deploy cloud-based services in railways. Cloud computing uses the collected data and distributes data to one or more computer systems associated with performing different functions. Thus, minimizing the risk of a cyberattack on critical and non-critical data would further fuel the growth of the railway cybersecurity market.
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The on-board solution is estimated to hold the larger market share by type during the forecast period
The on-board railway cybersecurity is projected to grow at a higher CAGR during the forecast period for the Railway Cybersecurity Market, by type. The number of rapid railways primarily equipped with advanced on-board systems for safety and convenience is on the rise. These advanced features include an infotainment system, automatic doors, and IP cameras. The number of advanced components in on-board railway systems will increase because of the demand for convenience and safety. This will boost the market for railway cybersecurity providers and vendors across the globe as automatic doors and IP cameras are vulnerable to cyberattacks.
Data Protection segment is estimated to be the largest segment by security type during the forecast period
Data protection focuses on securing critical databases, including data, applications, database servers, and systems. Data protection applications are aimed at maintaining confidentiality, integrity, and availability of data. These solutions protect databases from unauthorized access, malware infections, and other threats and vulnerabilities. In May 2020, the IT networks of the Swiss manufacturer of railway rolling stock, Stadler, was targeted in a malware attack to steal information. This data leak could mean the theft of sensitive data from customers or employees. In January 2019, the official online booking platform of the China Railways (CR) suffered a massive data breach. Cybercriminals stole the personal information of nearly five million people, which included names, ID numbers, and passwords. These incidents are driving the growth of data protection solutions to prevent a data breach.
The Asia Pacific is projected to be the fastest growing in the Railway Cybersecurity Market
The Asia Pacific is projected to be the fastest-growing Railway Cybersecurity Market due to the increasing penetration of advanced technologies, increasing GDPs of countries, steady growth, and emerging economies. The APAC region covers some of the potential markets, namely, China, India, Japan, and Rest of Asia Pacific. China is expected to lead the market followed by India, Japan, and Rest of Asia Pacific in terms of share and growth rate among all countries during the forecast period.
The APAC region is expected to offer significant growth opportunities due to its untapped market strength. Increasing awareness about driver safety and accident prevention, presence of leading OEM players, growing freight transportation and logistics industries, the advent of the 4G LTE technology, and the adoption of smart railcars in North America and Europe due to the availability of embedded OEM cybersecurity solutions are leading to market growth. The logistics sectors in India and China are on the cusp of disruption. Robust economic growth and technology improvements have led to significant developments. Despite significant country-specific trends and nuances, the underlying themes of economic growth, digital disruption and changing customer preferences prevail. These powerful themes are expected to shape the future of the logistics industry over the next few years. Based on reliable on-line cybersecurity data, dispatchers will be able to inform their customers about changes in transport schedules earlier than is possible presently, increasing reliability and satisfying stakeholders, thus driving growth.
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Recent Developments:
·         In May 2021, Wabtec was awarded a supply contract worth USD 15 million by Delhi-Meerut Regional Rapid Transport Systems (RRTS). The company will be supplying advanced technology brake systems, pantographs, roof disconnector switches, and fully integrated passenger information systems to RRTS for building coaches for this project.
·         In May 2021, Siemens announced the acquisition of RailTerm, a Canada-based rail service provider. This acquisition will help the company expand its product portfolio with on-ground track and signaling, electrification, and communication systems.
·         In March 2021, Wabtec announced the acquisition of Nordco, a North American supplier of new, rebuilt, and used maintenance of way equipment having products such as mobile railcars movers and ultrasonic rail flaw detection technologies. Through this acquisition, the company aims to expand its product portfolio and widen its global presence.
·         In March 2021, Thales developed the DIVA (Distributed Intelligent Video Analytics) solution for passenger railways. This solution will be useful for leveraging existing CCTV networks on stations and onboard trains to provide real-time information and passenger density
·         In February 2020, Thales signed a supply contract with L&T Metro Rail Limited, Hyderabad (India), to supply advanced signaling and train control technology solutions. In January 2021, Nokia signed a supply contract with WESTbahn fleet, Austria. Nokia will be supplying train-to-ground solutions to the operator to enhance the user experience of the onboard passengers.
·         In December 2020, Alstom and ASELSAN entered into a collaboration agreement to establish a framework of cooperation and coordination in the field of ETCS Signaling Onboard. The main objective of this collaboration is the establishment of a long-term partnership to enable the two leading companies to cooperate in the field of rail systems.
·         In September 2020, Thales secured a supply contract in Vancouver’s Broadway Subway Project for the supply of Communications Based Train Control (CBTC) systems. The trains will be equipped with Thales’s SelTrac solutions.
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Key Factors for the Growth of Automotive Cybersecurity Market Across the Globe
According to the new market research report "Automotive Cybersecurity Market By Offering (Software & Hardware), Application Type, Form Type (In-Vehicle & External Cloud Services), Security Type, Vehicle Type (Passenger Vehicles, LCV & HCV), EV Application Type, And Region – Global Forecast to 2025" Published by MarketsandMarkets™, The global Automotive Cybersecurity Market size is projected to grow from USD 1.9 billion in 2020 to USD 4.0 billion by 2025, at a CAGR of 16.5%.
Increased use of electronics per vehicle and a growing number of connected cars, and reinforcement of mandates by regulatory bodies for vehicle data protection are key factors that will drive the market for the Automotive Cybersecurity Market. The growth of the V2X market is also one of the factors that drive the Automotive Cybersecurity Market.
Vehicle production was low in April and May 2020 in the major European, Asia Pacific countries, and the US due to the ongoing COVID-19 pandemic. Earlier, the Automotive Cybersecurity Market was expected to witness rapid growth from 2022 onward as major regulations are outlined to be imposed. As vehicle production is suspended, any new investment for advanced technology is unlikely. OEMs and tier 1 players are either using cash reserves or acquiring funds to continue operations during the crisis. OEMs are still skeptical about the recovery of vehicle sales to 2019 levels in 2020.
Opportunity: Growing cloud-based applications in the automotive industry
Cloud technologies are expected to benefit automotive users as well as OEMs. Cloud-based solutions increase the efficiency of the entire process by reducing downtime and providing faster data transfer and mobility. With the help of cloud-based solutions, OEMs can gather real-time data from their users. OEMs can focus on providing better services and gain customer loyalty by meeting customer’s requirements. Due to the increasing trend of cloud-based solutions, the leading automotive OEMs and automotive system OEMs across the world are strategically expanding by partnering with or acquiring companies that can provide countermeasures to overcome the challenges faced in the cloud-based solutions.
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The Automotive Cybersecurity Market is dominated by global players such as Robert Bosch (Germany), Continental AG (Germany), Harman International (US), Denso Corporation (Japan), Aptiv (Ireland), Karamba Security (Israel), SafeRide Technologies (Israel), Arilou Technologies (Israel), GuardKnox (Israel), etc.
Increasing use of mechatronics devices and increasing demand of connected vehicle services inside the vehicle is expected to result in the dominance of the passenger vehicle segment in the Automotive Cybersecurity Market
The passenger vehicles segment is expected to lead the Automotive Cybersecurity Market during the forecast period, owing to the demand for connected vehicle services and growing sales of mid-luxury and luxury vehicles.  The electrical/electronic (E/E) architecture of passenger vehicles is complex and critical than LCVs and HCVs. These vehicles are equipped with a considerable number of ECUs and are more prone to cyberattacks compared with the other two categories of vehicles. Connected passenger vehicles are expected to be the Internet of Things (IoT) in the coming years. These vehicles will be able to collect massive amounts of data from different sources. Passenger vehicles will be capable of exchanging data and alert drivers of potential dangers. These vehicles will also be able to interact with sensors on road signs on stoplights, bus stops, and even the ones embedded in the roads to get traffic updates and rerouting alerts.
Increasing installation of telematics devices and push by government authorities to adopt telematics is driving the Telematics segment in the Automotive Cybersecurity Market
The market for Telematics is primarily driven by multiple factors such as an increase in the number of accidents, rising vehicle thefts, security issues while traveling, and the demand for navigation services. Telematics also helps track the location of the vehicle, and its automated interface with law enforcement agencies reduces the response time. This eventually leads to a reduction in vehicular thefts. Telematics primarily involves data exchange such as vehicle details/history, location, schedules, driving habits & activities, and other key information of private as well as fleet owners. This data exchange is done through wireless networks with external servers, making it prone to data theft.  Thus, cybersecurity plays a key role in telematics since the breach of such data can have serious consequences for end-users. Government mandates such as E-calls are likely to fuel the market in future.
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The Asia Pacific likely to emerge as the largest Automotive Cybersecurity Market
Asia Pacific is always seen as a revenue-generating region in the automotive sector. Region comprises of technologically advanced countries like Japan, South Korea, and countries with increasing populations and improving economies. Vehicles in this region are getting advanced at the backdrop of customer need and implementation of government regulations related to vehicle safety and carbon emissions. All kinds of key vehicles categories like a passenger vehicle, light, and heavy commercial vehicles are getting advanced. Changes in the powertrain technology, the inclusion of modern safety features, and technology for vehicle management are some of the key trends that is helping Asia Pacific region to dominate the market for automotive cybersecurity. The growth of the connected vehicle market in the Asia Pacific is expected to boost the demand for automotive cybersecurity. As the number of connected vehicles increases, the demand for cybersecurity in these vehicles would also increase.
Recent Developments:
·         In July 2020, Continental has adopted Renesas’ high-performance Renesas R-Car M3 system-on-chip (SoC) for its first-generation body high-performance computer (HPC). The HPC is an automotive computing platform that provides centralized control of vehicle systems and is equipped with secure gateway functionality to enable cloud service connectivity.
·         In June 2020, Upstream Security, announced that it had joined the Amazon Web Services (AWS) Partner Network as a Select Tier Technology Partner. Upstream Security pioneered automotive cloud cybersecurity and unlocked the value of automotive data, ensuring that connected vehicles and mobility services are safe, secure, and operating optimally.
·         In March 2020, Argus Cyber Security and NXP Semiconductor announced a new integrated solution that allows carmakers to protect Ethernet network communications based on the NXP S32G vehicle processor. The joint solution consists of 1) Argus' Ethernet Intrusion Detection System (IDS), which detects malicious activity at the network and application layers to keep drivers connected and protected. 2) NXP's S32G processor, a key building block for future vehicles, creates new opportunities with service-oriented gateways.
·         In March 2020, GuardKnox opened a new subsidiary in Detroit to support the automotive client base in North America and expand global reach. The Livonia location enables GuardKnox to serve its existing US customers better, build partnerships, and initiate business in the US. It is onboarding new business development leaders, project managers, and engineers.
·         In December 2019, SafeRide Technologies and NXP Semiconductors announced the integration of vSentry Edge AI –embedded behavioral profiling and anomaly detection solutions for connected vehicles with the NXP vehicle network processors.
·         In July 2019, Karamba Security announced the signing of a production agreement of its leading Carwall runtime integrity software, in Alpine infotainment systems. The platform provides ECU self-protection against remote code execution (RCE), helping to protect vehicles from cyberattacks.
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The Railway Cybersecurity Market is projected to grow from USD 6.0 billion in 2019 to USD 12.6 billion by 2027, at a CAGR of 9.8%. Increase in user preference for public transportation and growing demand for smart transportation and internet of things (IoT) will propel the railway cybersecurity market.
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V2X Cybersecurity Market Report, Size, Share and Forecast to 2025
According to the new market research report "V2X Cybersecurity Market by Unit Type (OBU and RSU), Form (In-vehicle and External Cloud Services), Communication Type (V2I, V2V, V2G, V2C, and V2P), Security Type (PKI and Embedded), Connectivity Type, Vehicle Type, and Region - Global Forecast to 2025", Published by MarketsandMarkets™, The global V2X Cybersecurity Market size is projected to grow from USD 659 million to reach USD 2,798 million by 2025, at a CAGR of 33.5%.
The growth of the V2X Cybersecurity Market can be attributed to the increasing trend of connected and autonomous vehicles equipped with V2X technologies and growing cyber threats in the automotive industry. The focus of automobile manufacturers has shifted from fuel efficiency, performance, driver safety, and stability of the vehicle to additional features such as vehicle connectivity, electrification of functions, and digitalization. This change in focus has created a huge opportunity for non-automotive industry players such as Intel, Qualcomm, and Nvidia, to name a few. OEMs, technology companies, and V2X providers worldwide have joined hands and are focusing heavily on research & testing of security applications/standards to protect data privacy.
The V2X cybersecurity is part of a complex ecosystem with multiple stakeholders, as the value chain is fragmented among all types of industries. Due to COVID-19, businesses of majority of stakeholders in the V2X ecosystem have been affected, one way or the other. Most of the ongoing developments in this ecosystem have been suspended or stopped for a while as well. With such a complex ecosystem, the COVID-19 affects one or two stakeholders in the chain will result in the whole ecosystem suffering the impact.
Browse in-depth TOC on " V2X Cybersecurity Market"
106 – Tables 52 – Figures 195– Pages
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The Asia Pacific is expected to be the largest and fastest-growing market in the forecast
The Asia Pacific region is projected to account for the largest share of the global V2X Cybersecurity Market during the forecast period. The region is home to renowned V2X cybersecurity companies such as Autotalks, AutoCrypt, and Argus Security. China is expected to be the most influential factor in the Asia Pacific V2X Cybersecurity Market. China has been conducting various tests and trails on cellular connectivity for V2X, and the expected country-wide launch is by 2021. The large market share of China can also be attributed to the high sales of the Mercedes-Benz E-Class, which is equipped with V2X, especially V2C and V2I. The Chinese government is committed to the growth of IoT with a great emphasis on the development of connected cars and has already invested more than USD 10 billion in the IoT industry since October 2010. Apart from this, one of the key factors driving the growth of the market in the Asia Pacific is the increased production of passenger cars with advanced connected car features. The increasing purchasing power of the population and increasing concerns over the environment have triggered the demand for V2X in the Asia Pacific. Since South Korea and Japan are among the leaders in electronics, it would enable them to design V2X solutions with better performance at a lesser price. Thus, increasing V2X use in vehicles will result in high demand for cybersecurity solutions, thus, driving the Asia Pacific V2X Cybersecurity Market.
The external cloud services segment is expected to be the largest market during the forecast
The external cloud services segment is projected to have the largest share in the V2X Cybersecurity Market. V2X communication security mostly requires external cloud services due to continuously changing security protocols, connectivity options, and cloud updates. With the increasing cloud-based applications, smart devices, and IoT penetration, the market for external cloud services has increased in the automotive market. Manufacturers are looking for cost-effective solutions along with better resource planning. Fleet management system, OTA, V2X, and other IoT applications and services are the major applications of external cloud services for the automotive market. The V2X, cybersecurity, and network providers have started creating their cloud servers to support secured V2X communications. With cloud-based security services, V2X messages can be kept encrypted and cannot be accessed without proper authentication. Cloud services help in maintaining certificate and security keys to keep V2X communications secured. Also, external cloud services for V2X cybersecurity are more feasible, as they are cost and time efficient (due to OTA updates).
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The European region is expected to be the second-largest market during the forecast period
Europe is projected to be the second-largest V2X Cybersecurity Market as the regulations related to safety issues have become stringent. Therefore, the increasing demand for connected cars equipped with V2X technologies is likely to drive the V2X Cybersecurity Market in this region. Moreover, given the present infrastructure, the inclination of OEMs in the region and recovery from the financial crisis is likely to result in a high growth market, with Germany expected to be the fastest market in the region for connected cars and cybersecurity solutions. To strengthen the competitiveness of the EU automotive industry and preserve its global technological leadership, the European Commission supports global technological harmonization and provides funding for R&D. For instance, the German automotive industry is an internationally renowned innovation hub. Around 40% of the world’s premium car production takes place in Germany. Approximately 70% of worldwide premium cars are manufactured by German OEMs.
The V2X Cybersecurity Market is dominated by players such as ESCRYPT (Germany), OnBoard Security (US), Autotalks (Israel), AutoCrypt (Korea), and Continental (Germany). These companies developed new products, adopted expansion strategies, and undertook collaborations, partnerships, and mergers & acquisitions to gain traction in this high-growth V2X Cybersecurity Market.
Browse Related Reports:
Automotive V2X Market by Connectivity (DSRC, and Cellular), Communication (V2V, V2I, V2P, V2G, V2C, and V2D), Vehicle (Passenger Car, and Commercial Vehicle), Propulsion (ICE and EV), Unit, Offering, Technology, and Region - Global Forecast to 2028
Automotive Cyber Security Market by Form (In-Vehicle, External Cloud Services), Security (Endpoint, Application, Wireless Network), Application (Infotainment, Powertrain, ADAS & Safety), Vehicle Type, EV Type, and Region - Global Forecast to 2025
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