Cybersecurity services for connected cars is expected to grow to over $4 billion by 2026. (Photo by Alex Wong/Getty Images) ResearchAndMarkets.com on Friday estimated that the global external cloud automotive cybersecurity services market will grow from $1.74 billion in 2021 to $2.12 billion in 2022 at a compound annual growth rate (CAGR) of 21.8% — and by 2026, this market will grow to $4.14 billion with a CAGR of 18.3%.
The main types of security in external cloud automotive cyber security services are endpoint, application, and wireless network security. The different vehicle types include passenger cars and commercial vehicles.
ResearchandMarkets added that the number of connected cars will propel the growth of the external cloud automotive cybersecurity services market in the years ahead. Connected cars are vehicles that can access the internet to connect with other vehicles through an in-built connectivity system. Some of these features have been around for several years, but […]
