BOULDER, Colo., Dec. 1, 2022 /PRNewswire/ — A brand new report from Guidehouse Insights explores the worldwide marketplace for automotive cybersecurity options.
Automotive cybersecurity is the safety of related car methods, together with software program and communication networks, from tampering of any sort. Underlying the necessity for automotive cybersecurity is the more and more complicated expertise of recent automobiles. According to a brand new report from Guidehouse Insights, paralleling rising gross sales of related automobiles, the marketplace for automotive cybersecurity options is anticipated to develop steadily over the subsequent 10 years, with income reaching greater than $445.4 billion by 2031.
“The outlook for the automotive cybersecurity market over the subsequent 10 years is powerful. With automobiles changing into extra reliant on electronic-based options and higher connectivity, the necessity for cover is excessive and rising,” writes report writer Karen Marcus, analysis analyst with Guidehouse Insights. “Interconnected methods contain small computer systems, or digital management items for particular features, a number of communication protocols, inner and third-party software program, automation options, and cloud connectivity. Each of those parts alone and dealing collectively creates potential assault vectors that have to be protected.”
Automotive producers and their suppliers are more and more pushed by new rules that require them to combine cybersecurity options as a situation of approval for brand new designs; typically, they’re working to replace their processes and methods earlier than rules go into impact. Other market drivers embody rising vehicle complexity, new car sorts, and shared car providers. Barriers to progress embody resistance from analysis and growth groups, excessive charges of worker resignation, and a chip scarcity, all of which impression the business’s means to supply service as rapidly or totally as its leaders would love, in accordance with the report.
The report, “Automotive Cybersecurity Market Overview,” analyzes the worldwide marketplace for automotive cybersecurity options, examines the important thing applied sciences in automobiles that require safety, and appears on the aggressive panorama. It gives market outlooks for annual car gross sales and income throughout six world areas—North America, Western Europe, Eastern Europe, Asia Pacific, Latin America, and Middle East & Africa—through the ten-year evaluation interval 2022 to 2031. An government abstract of the report is accessible totally free obtain on the Guidehouse Insights web site.
About Guidehouse Insights
Guidehouse Insights, the devoted market intelligence arm of Guidehouse, gives analysis, information, and benchmarking providers for right this moment’s quickly altering and extremely regulated industries. Our insights are constructed on in-depth evaluation of worldwide clear expertise markets. The group’s analysis methodology combines supply-side business evaluation, end-user major analysis, and demand evaluation, paired with a deep examination of expertise tendencies, to supply a complete view of rising resilient infrastructure methods. Additional details about Guidehouse Insights may be discovered at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a number one world supplier of consulting providers to the general public sector and business markets, with broad capabilities in administration, expertise, and threat consulting. By combining our private and non-private sector experience, we assist purchasers deal with their most complicated challenges and navigate important regulatory pressures specializing in transformational change, enterprise resiliency, and technology-driven innovation. Across a spread of advisory, consulting, outsourcing, and digital providers, we create scalable, progressive options that assist our purchasers outwit complexity and place them for future progress and success. The firm has over 15,000 professionals in over 55 places globally. Guidehouse is a Veritas Capital portfolio firm, led by seasoned professionals with confirmed and various experience in conventional and rising applied sciences, markets, and agenda-setting points driving nationwide and world economies. For extra info, please go to www.guidehouse.com.