LONDON--(BUSINESS WIRE)-- According to the market research report released by Technavio, the global automotive cybersecurity market is expected to accelerate at a CAGR of nearly 28% during the forecast period. The growing need for cybersecurity in the connected car market is one of the key factors triggering the growth of the market.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181010005880/en/

According to the market research report released by Technavio, the global automotive cybersecurity market is expected to accelerate at a CAGR of nearly 28% during 2017-2021 (Graphic: Business Wire)

This research report titled ‘Global Automotive Cybersecurity Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

The market research analysis categorizes the global automotive cybersecurity market into the following applications:

• Passenger vehicles
• Commercial vehicles

In 2016, the passenger vehicles segment accounted for 99% of the global market and is projected to decline to 98% by 2021, exhibiting almost 1% decrease in market share.

Global automotive cybersecurity market: Top emerging trend

Machine learning-based cybersecurity to deal with real-time threats is an emerging trend in the automotive cybersecurity market space. Connected cars are also referred as networks on wheels. These networks use anti-virus and other software security technologies to identify threats and quarantine unknown ones. These techniques fail to show positive results in a dynamic environment where new threats continually pop up. In a dynamic environment, machine learning in artificial intelligence (AI) has the edge over traditional anti-virus solutions. Machine learning cybersecurity systems are self-adapting and self-defending, as they do not need explicit programming. These systems can learn with time, which makes them more aware of the new hacks and exploits.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

• Market Outline
• Global Automotive Cybersecurity Market Overview

Market Insights

• Market Sizing and Forecasts
• Market Growth
• Market Drivers and Challenges
• Key Emerging Trends

Market Segmentation Analysis

• Regional comparison (APAC, Americas, and EMEA)
• Key leading countries
• Market segmentation by application (passenger vehicles and commercial vehicles)

Vendor Landscape

• Vendor classification
• Market positioning of vendors
• Competitive scenario
• Analysis of top vendors (Argus Cyber Security, HARMAN International, Karamba Security, and Symantec)

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20181010005880/en/

Report Abuse