“Automotive Cyber Security Market Set To Reach $298m In 2018”

26 July 2018
Automotive

Visiongain’ has released a brand new automotive report Automotive Cyber Security Market Report 2018-2028: Forecasts by (Hardware, Software, Network, Cloud) Plus Analysis of Prospects For Connected Car & Vehicle-to-Everything (V2X, V2V, V2I, V2G, V2H, V2P, IN-V) Communication Safety & Security Within The Internet of Things (IoT) Ecosystem

The automotive industry is going through a phase of digital revolution. In the next, few years, automobiles will transform into communication devices. Connected cars act as a connectivity device on wheels offering comfort, convenience, performance, safety and security combined with powerful network technology. This will keep the drivers and passengers connected to the outer world and offer them the comfort of an office and home experience even when they are travelling.

However, the advanced connectivity solutions provided in a vehicle can also reveal certain vulnerabilities and lead to certain fraudulent activities and thus demands effective cyber security solutions to ensure safety and security.

The Visiongain report analyst commented “The issue of cyber security came to prominence when researchers proved that vehicles can be hacked. The instance which received the most media coverage was Fiat Chrysler Automobiles recalling 1.254 million vehicles in July 2017 to address the software error which occurred in the vehicles. after researchers demonstrated a Proof-Of-Concept (POC) attack where they took control of vehicles remotely.

Therefore, it is not surprising that the automotive cyber security sector receives a lot of attention and investment from different players in the automotive supply chain. However, there are still too many cars that do not have adequate security protection.

Cyber threats are evolving rapidly and become more sophisticated. Despite ever-improving cyber security technologies, cyber-attacks continue to increase strongly. Today there are hundreds of cyber security companies in the world, with new firms entering the market at a high frequency, and investors continue to invest billions every year into the industry. However, there are not so many cyber security companies that specialise in automotive cyber security, and only for the past few years have these companies been receiving funding and investments”

Leading companies featured in the report who are developing automotive cyber security include Cisco Systems, Intel Corporation, Symantec Corporation, International Business Machines (IBM), Harman International, NXP Semiconductors, Infineon Technologies AG, Argus Cyber Security, Trillium Inc. and Karamba Security

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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