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Automotive Cyber Security Market Is Estimated To Expand At

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Automotive Cyber Security Market

Automotive Cyber Security Market

Automotive Cyber Security Market overview

By 2028, the Automotive Cyber Security Market is estimated to be worth USD 8.94 billion, recording a CAGR of 18.56% during the predicted period (2021 – 2028). The market was valued at a rate of USD 2.16 billion in 2020. The choices, preferences and desires of drivers are rapidly changing. Consumers are now expecting personalized experiences, so the vehicle industry is adapting the technique to meet those demands. More software results from increased personalization and connectedness, which means more vulnerability.

Connected vehicles can function similarly to smartphones and smart appliances. The sharing of internet and wireless network access with other vehicles and external equipment can send and receive data. New and advanced software is already providing greater features and capabilities to fulfill the needs and expectations of drivers. In such cases, automobile cybersecurity is serious, and it should be a part of the design process.

The factors that are estimated to drive the growth of the automotive cybersecurity market are an increase in the need for automotive cybersecurity, government initiatives for implementing connected car technology, and mandatory cybersecurity standards. However, the increase in the development of common podiums is leading to high risks, and the challenge is making the applications secure, which restrains the market growth. However, improving vehicle security using adaptive security and increasing the complexity of cars’ electronic systems are estimated to offer profitable growth opportunities for the market players.

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The outbreak of covid-19 forced governments across the globe to impose strict lockdowns and made social distancing mandatory to stop the virus from spreading. This resulted in a drop of demand for new vehicles significantly. However, the automotive industry also had a slow production rate; there was a reduction in the supply of raw materials and breakage in the supply chains globally. The losses observed by the automotive sector have affected the…

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The Global Mobile Security Market Estimated to Progress at $8444.99 Million by 2028

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(MENAFN – GetNews) As per Triton’s report, the global mobile security market acquired $3510.48 million in 2020, and is predicted to advance at a CAGR of 14.35% by 2028.

A recent study by Triton Market Research titled ‘Global Mobile Security Market’ includes the Global Analysis and Forecasts by Industrial Vertical (Government & Defense, Healthcare, IT & Telecom, BFSI, Retail & E-commerce, Others), Operating System (Android, iOS, Others), End-user (Enterprises, Individual), Enterprise Solution Type (Mobile Application Management, Authentication, Mobile Data Protection, Others), Organization Size (Large Enterprises, SMEs), and by Geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).   

Mobile security entails the protection of mobile devices from several risks, including unauthorized access, identity theft, and malware, among others. These solutions find applications in several industries, such as healthcare, BFSI, and e-commerce, to help delete apps that can harm users’ confidentiality.

 

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Triton’s research report denotes that the global mobile security market is anticipated to grow at a CAGR of 14.35% in revenue during the considered years 2021-2028. The market is estimated to garner revenue worth $8444.99 million by 2028.

The rising number of mobile payments, growing need for security due to the adoption of BYOD in workplaces, and surge in need to provide security to video streaming content, are significant elements driving the growth of the mobile security market. For instance, more companies are adopting the BYOD trend, creating an efficient workplace for employees. Here, the employees use the company network during work hours, but also outside the workplace. This further increases the need for ensuring the security of corporate data, influencing the deployment of efficient mobile security solutions. However, the elevated cost of mobile security solutions, complexity in designing embedded security solutions, and the dearth of awareness, are factors hampering the growth of the studied market.

The market for mobile security is…

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The global cyber security market is estimated to project a CAGR of 10.34% during the forecast period, 2021-2028

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The rising virus threat among organizations, growth of bring-your-own-device and IoT, increasing cyber security incidents & cyber security regulations, and growing demand for cloud-based cyber security solutions, are the factors predicted to propel the market growth.

New York, Nov. 11, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “GLOBAL CYBER SECURITY MARKET FORECAST 2021-2028” – https://www.reportlinker.com/p05811185/?utm_source=GNW

MARKET INSIGHTS
Cyber threats are internet-based attempts to disrupt or interrupt information systems, hacking critical information through malware, phishing, and spyware.The cyber security solutions aid the organization in monitoring, detecting, reporting, and countering cyber threats for maintaining data confidentiality.

Cloud-based cybersecurity solutions are in great demand.The vast adoption of the cloud computing model is attributed to its flexible and powerful infrastructure option.

The organizations are adopting cloud solutions for simplifying the data storage, since it provides remote server access on the internet, further enabling access to unlimited computing power.The implementation of a cloud-based model allows the management of applications, since it offers exceptionally challenging analytics running in the background.

It further aids the organizations in combining supplementary infrastructure technologies, like software-defined perimeters, for creating highly secure platforms. However, the complex designs of device security and limited budget among SMEs, are set to negatively impact market growth.

REGIONAL INSIGHTS
The geographical analysis of the global cyber security market is based on the evaluation of North America, Europe, Asia Pacific, and rest of world.North America is estimated to be the largest market by 2028, in terms of market share.

The rising cloud-enabled activities and growing cloud marketplace trends are expected to contribute to the region’s market growth.

COMPETITIVE INSIGHTS
The market encompasses many regional and global players contesting for market space.Several new players have been able to gain traction in the market.

Some of the leading players in the market are Dell Technologies Inc,…

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Experian Data Breach Hits Estimated 24 Million Customers – Infosecurity Magazine

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  1. Experian Data Breach Hits Estimated 24 Million Customers  Infosecurity Magazine
  2. Expert comment on Experian data breach  ISBuzz News
  3. Experian South Africa discloses data breach impacting 24 million customers  ZDNet
  4. Experian South Africa data breach may impact millions of residents  The Daily Swig
  5. Experian South Africa Suffers Data Breach Affecting Millions; Attacker Identified  Internet
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