Dublin, 29 July 2020 (GLOBE NEWSWIRE) – The V2X cybersecurity market through the unit type (OBU and RSU), form (integrated and external cloud services), type of communication (V2I, V2V, V2G, V2C and V2P), the type of safety (PKI and integrated), the type of connectivity, the type of vehicle and the region – The Global Forecast to 2025 report “has been added to the ResearchAndMarkets.com offering.
The V2X cybersecurity market includes corporations such as ESCRYPT (Germany), OnBoard Security (USA), Autotalks (Israel), AutoCrypt (Korea) and Continental (Germany).
The expansion of the V2X cybersecurity market can be attributed to the trend in the development of autonomous and connected cars with V2X technologies and the development of cyber threats in the automotive industry.
The duration of the global V2X cybersecurity market is expected to be successful at USD 3065 million through 2025, compared to an estimated $935 million in 2020, at an annual compound rate of 26.8%. The advent of the V2X generation will have a significant effect on connected and autonomous vehicle technologies, which in turn will stimulate the V2X cybersecurity market.
The growing appeal of connected cars is driving automakers to expand their skills in Internet technology, chip design and integrated systems, starting with smartphone integration. However, with the technological evolution of V2X communications, secure knowledge processing has become a major challenge. Therefore, cybersecurity has gained significant importance in the vehicle’s V2X communication system.
The accumulation of cloud-based programs would animate the V2C segment in the forecast.
The V2C segment is expected to be the largest market during the forecasting period. The fact that retail outlets in the cloud offer all the personal/private knowledge, such as driving force data, driving details, location and vehicle details, securing V2C communications is one of the most sensitive priorities of cybersecurity companies. V2C is a generation in which all mandatory car data is stored in the cloud in real time, as well as various cloud installations are provided in the vehicle.
V2C offers features such as weather updates, firmware and software updates (FOTA and SOTA) and internal cloud multimedia installations (Internet) of a vehicle. These features allow vehicle users and passengers to remain connected to the outdoor environment. However, these functions and programs require a constant update for proper operation. Therefore, the most sensible priority for security solution providers is secure cloud technology.
The Asia-Pacific region is expected to be the fastest developing market during the forecast period.
The Asia-Pacific region is expected to represent the largest percentage of the global V2X cybersecurity market during the forecast period. The region is home to famous V2X cybersecurity corporations such as Autotalks, AutoCrypt and Argus Security. China is expected to be the most influential entity in the V2X Asia-Pacific cybersecurity market. China has conducted cell connectivity testing and testing for V2X, and the planned national launch is in 2021. The percentage of place in China’s giant market can also be attributed to the higher sales of Mercedes-Benz E-Class, which is supplied with V2X, especially V2C and V2I.
In addition, the increasing adoption of electric cars will lead to the construction of a demand for V2X technologies, which are well suited to electric cars. Apart from that, increased population purchasing force and the development of environmental considerations have triggered the Request for V2X in Asia-Pacific. As South Korea and Japan are among the leaders in electronics, this would allow them to design V2X responses with greater functionality at lower prices. Increased use of V2X in automobiles will result in strong demand for cybersecurity responses, driving the V2X cybersecurity market in Asia Pacific.
North America is expected to be the fastest market in the forecast period.
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Market research covers the length of the V2X cybersecurity market acceptance site and the prospect of long-term expansion in other segments, such as unit type, connectivity, communication, security, vehicle type, shape and region. The exam also includes in-depth competitive studies of key players in the market, as well as business profiles, key observations similar to product and ad offerings, recent developments and key market venue strategies.
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