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The global automotive cybersecurity market size was valued at USD 1.44 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 21.4% from 2019 to 2025. The growing emphasis on OEMs on autonomous driving and connected car systems have increased the risk of data breaching, thus augmenting the demand for cybersecurity solutions in the automotive market. Moreover, increasing usage of e-mobility across the globe is expected to drive the market. Cloud and mobile computing technologies unfold several opportunities for the market. Development of a reliant cloud software infrastructure, open-car standard interfaces, mobile cross platforms, and automotive data taxonomy offers several growth avenues to the market.
