Automotive Cybersecurity Market Analysis Growth, Strategic Analysis, Future Scenarios and Forecast by 2028

Automotive cyber security market is expected to reach USD 7.89 billion by 2028. This means that while the market is currently standing at the value of USD 1.75 billion, for the forecast period 2021-2028, the automotive cyber security market will exhibit a CAGR of 20.73%. The analysis of various factors responsible for the same and insights about the market are provided in this report.

Cybersecurity is the process and practice designed specifically to protect computers’ networks’ programs and data from damaging or unauthorized access. Today’ Automotive industry is the biggest vertical segment in the manufacturing sector where nowadays’ connected cars are on roads. With the use of connected devices (IoT/IoE)’ security becomes one of the issues. Thus’ organizations are using security applications to protect the automobile from theft and other malware attacks.

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