Automotive Cybersecurity Market
The global automotive cybersecurity market report by the business research company increase in the number of connected cars to be a major growth driver for the automotive cybersecurity market. A connected car refers to a vehicle that can access the internet through an inbuilt connectivity system. Cyber security in connected cars includes features such as the call for sophisticated threat intelligence, which helps to prevent cars from common security problems. For instance, in June 2021, according to Express Drive, an India-based automobile news provider, in India, more than 350 million connected cars are expected to hit the road by the year 2023 which is almost 24% of all cars worldwide. Therefore, the increase in the number of connected cars is driving the growth of the automotive cybersecurity market.
The global automotive cybersecurity market size is expected to grow from $1.65 billion in 2021 to $2.04 billion in 2022 at a compound annual growth rate (CAGR) of 23.3%. The global automotive cybersecurity market size is expected to reach $4.16 billion in 2026 at a CAGR of 19.5%.
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North America was the largest region in the automotive cybersecurity market in 2021. The regions covered in the global automotive cybersecurity market report are Asia-Pacific, Western…
