"Cybersecurity Market for Connected Cars to Grow To $4.14B by 2026"

Research and Markets has predicted that the global external cloud automotive cybersecurity services market will increase from $1.74 billion in 2021 to $2.12 billion in 2022 at a Compound Yearly Growth Rate (CAGR) of 21.8 percent and will reach $4.14 billion by 2026 at a CAGR of 18.3 percent. Endpoint, application, and wireless network security are the primary types of security in cloud-based cybersecurity services for the automotive industry. Passenger cars and commercial vehicles are among the several vehicle types. The number of connected vehicles, according to Research and Markets, will drive the growth of the external cloud automotive cybersecurity services market in the coming years. Connected cars have an in-built connectivity system that can access the Internet to communicate with other vehicles. Several of these characteristics have been around for a number of years, but their prevalence will increase as the automotive industry shifts toward autonomous and electrified vehicles. Ted Miracco, CEO of Approov, stated that the automotive industry must embrace a defense-in-depth security strategy. Many of the latest breaches, according to Miracco, involved a single point of failure, such as the exploitation of user passwords or Application Programming Interface (API) keys that let anyone unlock cars. Miracco stated that implementing zero-trust systems capable of verifying not just the user but also the device and the application creates a layered security strategy to prevent these types of attacks. This article continues to discuss the growing cybersecurity market for connected cars and the need for a defense-in-depth strategy for securing these vehicles. 

SC Media reports "Cybersecurity Market for Connected Cars to Grow To $4.14B by 2026"