Automotive Cyber Security Market Set to Soar Past USD 11.17 Billion by 2030 | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware

Delve into the world of Automotive Cybersecurity, where security types such as Endpoint, Application, and Wireless Network safeguard vehicles across Passenger Car, Commercial Vehicle, and Electric Vehicle segments. In this evolving landscape, anticipate the industry’s growth, size, and share, guided by a forecast spanning from 2023 to 2030.

Westford, USA, Jan. 16, 2024 (GLOBE NEWSWIRE) — The global Automotive Cyber Security market size is expected to reach USD 11.17 billion by 2030 and exhibit a CAGR of 21.2% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing connectivity of vehicles and the growth of IoT in automobiles, rising concerns about cyber threats and data privacy, stringent regulations and standards for automotive cybersecurity, the integration of advanced technologies like autonomous driving and connected infotainment systems, the expansion of electric and hybrid vehicle fleets, and the recognition of the critical need to protect vehicles from cyberattacks to ensure passenger safety and vehicle functionality is fueling the market’s growth.

According to SkyQuest’s latest global research of the Automotive Cyber Security market, the growing adoption of artificial intelligence (AI) and machine learning for threat detection and response, the emergence of over-the-air (OTA) cybersecurity updates for vehicles, the rise of connected and autonomous vehicles that require robust cybersecurity solutions, increased collaboration between automotive manufacturers and cybersecurity firms, the development of cybersecurity standards and best practices, and the incorporation of blockchain technology for securing connected vehicle data and transactions are the trends that aid in the market’s growth.

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