#Global Automotive Cyber Security Market share
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The Global Automotive Cyber Security Market is projected to grow at a CAGR of around 14.8% during the forecast period, i.e., 2022-27. The new cybersecurity compliance, including UNECE WEP.29, Auto Data (China), ISO/SAE 21434, etc., issued by various countries like the US, Europe, & China, has surged the demand for automotive cybersecurity solutions from various OEMs, such as BMW, GM, Ford, Kia, Mahindra, among others.
#Global Automotive Cyber Security Market#Global Automotive Cyber Security Market size#Global Automotive Cyber Security Market share#Global Automotive Cyber Security Market Indfustry#Global Automotive Cyber Security Market growth
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NVIDIA AI Summit Japan: NVIDIA’s role in Japan’s big AI ambitions
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NVIDIA AI Summit Japan: NVIDIA’s role in Japan’s big AI ambitions
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Japan is on a mission to become a global AI powerhouse, and it’s starting with some impressive advances in AI-driven language models. Japanese technology experts are developing advanced models that grasp the unique nuances of the Japanese language and culture—essential for industries such as healthcare, finance, and manufacturing – where precision is key.
But this effort isn’t Japan’s alone. Consulting giants like Accenture, Deloitte, EY Japan, FPT, Kyndryl, and TCS Japan are partnering with NVIDIA to create AI innovation hubs across the country. The centres are using NVIDIA’s AI software and specialised Japanese language models to build tailored AI solutions, helping industries boost productivity in a digital workforce. The goal? To get Japanese companies fully on board with enterprise and physical AI.
One standout technology supporting the drive is NVIDIA’s Omniverse platform. With Omniverse, Japanese companies can create digital twins—virtual replicas of real-world assets—and test complex AI systems safely before implementing them. This is a game-changer for industries such as manufacturing and robotics, allowing businesses to fine-tune processes without the risk of real-world trial and error. This use of AI is more than just innovation; it represents Japan’s plan for addressing some major challenges ahead.
Japan faces a shrinking workforce presence as its population ages. With its strengths in robotics and automation, Japan is well-positioned to use AI solutions to bridge the gap. In fact, Japan’s government recently shared its vision of becoming “the world’s most AI-friendly country,” underscoring the perceived role AI will play in the nation’s future.
Supporting this commitment, Japan’s AI market hit $5.9 billion in value this year; a 31.2% growth rate according to IDC. New AI-focused consulting centres in Tokyo and Kansai give Japanese businesses hands-on access to NVIDIA’s latest technologies, equipping them to solve social challenges and aid economic growth.
Top cloud providers like SoftBank, GMO Internet Group, KDDI, Highreso, Rutilea, and SAKURA Internet are also involved, working with NVIDIA to build AI infrastructure. Backed by Japan’s Ministry of Economy, Trade and Industry, they’re establishing AI data centres across Japan to accelerate growth in robotics, automotive, healthcare, and telecoms.
NVIDIA and SoftBank have also formed a remarkable partnership to build Japan’s most powerful AI supercomputer using NVIDIA’s Blackwell platform. Additionally, SoftBank has tested the world’s first AI and 5G hybrid telecoms network with NVIDIA’s AI Aerial platform, allowing Japan to set a worldwide standard. With these developments, Japan is taking big strides toward establishing itself as a leader in the AI-powered industrial revolution.
(Photo by Andrey Matveev)
See also: NVIDIA’s share price nosedives as antitrust clouds gather
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Tags: artificial intelligence, machine learning, Nvidia
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External Cloud Automotive Cyber Security Services Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033
The external cloud automotive cyber security services global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
External Cloud Automotive Cyber Security Services Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The external cloud automotive cyber security services market size has grown rapidly in recent years. It will grow from $2.23 billion in 2023 to $2.5 billion in 2024 at a compound annual growth rate (CAGR) of 12.0%. The growth in the historic period can be attributed to proliferation of connected vehicles and in-car connectivity, increased complexity and sophistication of automotive cyber threats, regulatory initiatives focusing on cybersecurity in the automotive industry, growing awareness of cybersecurity risks in the automotive sector, rise in the number of cyberattacks targeting automotive systems.
The external cloud automotive cyber security services market size is expected to see rapid growth in the next few years. It will grow to $4.07 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The growth in the forecast period can be attributed to expansion of the electric and autonomous vehicle market, continued development of over-the-air (ota) software updates, adoption of cloud-based platforms for vehicle data storage and processing, increasing collaboration between automotive manufacturers and cybersecurity service providers, rising number of cyber threats targeting modern vehicles. Major trends in the forecast period include emergence of ai and machine learning in automotive cybersecurity, growing demand for real-time threat intelligence and monitoring, focus on end-to-end encryption for in-vehicle and cloud communication, development of blockchain-based security solutions for automotive data, integration of cybersecurity as a key component in overall vehicle design and development.
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The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers - The rising number of connected cars is expected to propel the growth of the external cloud automotive cyber security services market going forward. A connected car is a vehicle that can access the internet to connect with other vehicles through an inbuilt connectivity system. The number of connected cars and cars with smart connectivity features has been increasing recently. These cars can access the internet, but they are also vulnerable to cyber-attacks and therefore need cyber security services. For instance, according to the connected cars report by the Internet of Business, a UK-based technology news provider, the number of connected cars is expected to increase by 270% to 125 million cars in 2022. Therefore, the rising number of connected cars is driving the demand for the external cloud automotive cyber security services market growth.
Market Trends - Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The external cloud automotive cyber security services market covered in this report is segmented –
1) By Security: Endpoint Security, Application Security, Wireless Network Security 2) By Electric Vehicle Type: Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle 3) By Vehicle Type: Passenger Car, Commercial Vehicle 4) By Application: Telematics System, Infotainment System, Powertrain System, Body Control And Comfort System, Communication System, ADAS And Safety System
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Regional Insights - North America was the largest region in the external cloud automotive cyber security services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the external cloud automotive cyber security services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies - Major companies operating in the external cloud automotive cyber security services market report are Harman International Industries, Continental AG, Denso Corporation, Aptiv PLC, Symantec Corporation, NXP Semiconductors N. V., Honeywell International Inc., Trillium Secure Inc., Escrypt GmbH, Vector Informatik GmbH, Karamba Security, Guardknox Cyber Technologies Ltd., Upstream Security Ltd., Nexor Ltd., Capgemini SE, Robert Bosch GmbH, SafeRide Technologies, Arilou Automotive Cybersecurity, Argus Cyber Security, BlackBerry, Cybellum Technologies LTD, MIRA Ltd., Majenta Solutions, BT Security, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., International Business Machines Corporation, McAfee LLC, Microsoft Corporation, Palo Alto Networks Inc., Trend Micro Inc., Check Point Software Technologies Ltd., FireEye Inc., F-Secure Corporation, Sophos Ltd.
Table of Contents 1. Executive Summary 2. External Cloud Automotive Cyber Security Services Market Report Structure 3. External Cloud Automotive Cyber Security Services Market Trends And Strategies 4. External Cloud Automotive Cyber Security Services Market – Macro Economic Scenario 5. External Cloud Automotive Cyber Security Services Market Size And Growth ….. 27. External Cloud Automotive Cyber Security Services Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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Connected Vehicles Market Size, Share Analysis, Key Companies, and Forecast To 2030
The Connected Vehicles Market was valued at USD 59.8 billion in 2023-e and will surpass USD 182.8 billion by 2030; growing at a CAGR of 17.3% during 2024 - 2030. The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions.
In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. This information is essential for developing effective marketing strategies and creating products or services that meet the needs of the target market.
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Understanding Connected Vehicles
Vehicle-to-Vehicle (V2V) Communication: Cars can share information about speed, position, and heading, which helps in preventing collisions and improving traffic flow.
Vehicle-to-Infrastructure (V2I) Communication: Vehicles interact with road infrastructure like traffic lights and road signs to enhance safety and efficiency.
Infotainment and Navigation: Drivers and passengers can enjoy real-time traffic updates, streaming services, and hands-free communication.
Remote Diagnostics and Over-the-Air (OTA) Updates: Vehicle health monitoring and software updates can be performed remotely, ensuring optimal performance and security.
Market Dynamics
The global connected vehicles market is witnessing robust growth, driven by several key factors:
Safety and Regulatory Mandates: Governments worldwide are implementing stringent safety regulations that necessitate the adoption of advanced driver assistance systems (ADAS) and connectivity solutions.
Consumer Demand for Convenience and Efficiency: Modern consumers expect seamless connectivity in all aspects of their lives, including their vehicles. This demand drives automakers to integrate advanced infotainment and navigation systems.
Technological Advancements: The rapid development of 5G technology and the Internet of Things (IoT) is enhancing vehicle connectivity, making it faster and more reliable.
Emergence of Autonomous Vehicles: The push towards autonomous driving relies heavily on vehicle connectivity to ensure safe and efficient operation.
Key Players and Innovations
Several automotive giants and tech companies are leading the charge in the connected vehicles market. Companies like Tesla, General Motors, Ford, and BMW are at the forefront, continuously innovating and integrating new technologies. Key innovations driving the market include:
5G Connectivity: The rollout of 5G networks is a game-changer, offering high-speed, low-latency communication essential for real-time data exchange between vehicles and infrastructure.
Edge Computing: By processing data closer to the source, edge computing reduces latency and enhances the performance of connected vehicle systems.
Artificial Intelligence (AI): AI is critical for developing advanced driver assistance systems, predictive maintenance, and personalized in-car experiences.
Blockchain Technology: Ensuring data security and privacy, blockchain can play a pivotal role in safeguarding the vast amounts of data generated by connected vehicles.
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Challenges and Opportunities
While the connected vehicles market is poised for significant growth, it faces several challenges:
Cybersecurity Threats: As vehicles become more connected, they also become more vulnerable to cyber-attacks. Ensuring robust cybersecurity measures is paramount.
Infrastructure Development: The full potential of connected vehicles can only be realized with the development of smart infrastructure, which requires substantial investment.
Data Privacy Concerns: With vast amounts of data being collected, issues around data privacy and ownership need to be addressed.
Despite these challenges, the opportunities are immense. The connected vehicles market holds the promise of:
Enhanced Road Safety: Reduced accidents and improved emergency response through real-time data sharing.
Improved Traffic Management: Alleviating congestion and optimizing traffic flow with intelligent transportation systems.
Environmental Benefits: Reducing emissions through efficient route planning and vehicle-to-infrastructure communication.
The Road Ahead
The future of the connected vehicles market is bright, with continued advancements in technology set to unlock new possibilities. The integration of connectivity in vehicles is not just enhancing the driving experience but is also paving the way for a future where autonomous driving is a reality. As we drive into this future, the collaboration between automakers, tech companies, and governments will be crucial in addressing challenges and maximizing the potential of connected vehicles.
In conclusion:
The connected vehicles market is on a transformative journey, reshaping the automotive landscape. With safety, convenience, and efficiency at its core, it promises to drive us into a smarter, more connected future.
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IoT Microcontroller Market Poised to Witness High Growth Due to Massive Adoption
The IoT microcontroller market is expected to enable connectivity of various devices used in applications ranging from industrial automation to consumer electronics. IoT microcontrollers help in building small intelligent devices that collect and transmit data over the internet. They offer benefits such as compact design, low-power operation and integrated wireless communication capabilities. With increasing connectivity of devices and growing demand for remote monitoring in industries, the adoption of IoT microcontrollers is growing significantly. Global IoT microcontroller market is estimated to be valued at US$ 6.04 Bn in 2024 and is expected to reach US$ 14.85 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 13.7% from 2024 to 2031.
The burgeoning need for connected devices across industries is one of the key factors driving the demand for IoT microcontrollers. Various industries are rapidly adopting IoT solutions to improve operational efficiency and offer enhanced customer experience through remote monitoring and management. Additionally, technology advancements in wireless communication standards such as Bluetooth 5, WiFi 6, and LPWAN are allowing development of low-cost IoT devices with extended range, which is further fuelling market growth. Key Takeaways Key players operating in the IoT microcontroller are Analog Devices Inc., Broadcom Inc., Espressif Systems (Shanghai) Co., Ltd., Holtek Semiconductor Inc., Infineon Technologies AG, Integrated Device Technology, Inc.,and Microchip Technology Inc. Key opportunities in the market include scope for integrating advanced features in microcontrollers to support new wireless technologies and opportunity to develop application-specific microcontrollers for niche IoT markets and applications. There is significant potential for IoT Microcontroller Market Growth providers to expand globally particularly in Asia Pacific and Europe owing to industrial digitalization efforts and increasing penetration of smart homes and cities concept in the regions. Market drivers Growing adoption of connected devices: Rapid proliferation of IoT across various industries such as industrial automation, automotive, healthcare is fueling demand for microcontroller-based solutions. IoT devices require microcontrollers to perform essential tasks like data processing and wireless communication. Enabling technologies advancements: Improvements in low-power wireless technologies, Embedded Systems, and sensors are allowing development of advanced yet affordable IoT solutions leading to new applications for microcontrollers. Market restraints Data privacy and security concerns: Use of IoT microcontrollers makes devices vulnerable to cyber-attacks and privacy breaches raising concerns among users. Addressing security issues remain a challenge restricting broader adoption. Interoperability issues: Lack of common communication protocols results in devices inability to communicate with each other smoothly restricting large-scale IoT deployments.
Segment Analysis The IoT Microcontroller Market Regional Analysis is segmented based on product type, end-use industry, and geography. Within product type, 8-bit microcontrollers dominate the segment as they are cheaper and suit basic IoT applications requiring low power consumption. Based on their wide usage in wearable devices, home automation systems, and smart appliances, 8-bit microcontrollers capture over 50% market share. 32-bit microcontrollers are gaining popularity for complex industrial, automotive and networking applications. The end-use industry segments of IoT microcontroller market include consumer electronics, automotive, industrial automation, healthcare, and others. Consumer electronics captures a major share owing to exponential increase in number of smart devices. Wearable fitness bands and smartwatches incorporate IoT microcontrollers to track vitals and connect to networks. Furthermore, incorporation of microcontrollers in smart home appliances like refrigerators, air conditioners, and washing machines are supporting the consumer electronics segment growth. Global Analysis In terms of regions, Asia Pacific dominates the IoT microcontroller market led by rising electronics production in India and China. counties like China, Japan and South Korea are major manufacturing hubs for smart appliances and wearable devices, driving the regional market. North America follows Asia Pacific in terms of market share led by growing industrial automation and presence of automotive giants in the US and Canada adopting connected car technologies. Europe captures a significant market share with growing penetration of IoT across industry verticals in major countries like Germany, UK and France. Middle East and Africa offer lucrative opportunities for embedded software development and IoT services companies eying untapped markets.
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Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
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Global top 24 companies accounted for 48% of Network Encryption market(qyresearch, 2021)
Network encryption is the process of encrypting or encoding data and messages transmitted or communicated over a computer network.
It is a broad process that includes various tools, techniques and standards to ensure that the messages are unreadable when in transit between two or more network nodes.
Network encryption is primarily implemented on the network layer of the OSI model. Network encryption implements one or more encryption algorithms, processes and standards to encrypt the data/message/packet sent over the network. The encryption services are generally provided by encryption software or through an integrated encryption algorithm on network devices and/or in software.
On an IP-based network, network encryption is implemented through Internet Protocol Security (IPSec) -based encryption techniques and standards. Each message sent is in an encrypted form and is decrypted and converted back into plain text/original form at the recipient's end using encryption/decryption keys.
According to the new market research report “Global Network Encryption Market Report 2023-2029”, published by QYResearch, the global Network Encryption market size is projected to reach USD 7.95 billion by 2029, at a CAGR of 11.1% during the forecast period.
Figure. Global Network Encryption Market Size (US$ Mn), 2018-2029
Figure. Global Network Encryption Top 24 Players Ranking and Market Share(Based on data of 2021, Continually updated)
The global key manufacturers of Network Encryption include Technical Communication, Packetlight Networks, Senetas, Certes Networks, ADVA Optical, Ribbon, Atmedia, Cyber 1st, Colt Technology Services, Atos, etc. In 2021, the global top five players had a share approximately 48.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Driving into Tomorrow: The Ever-Evolving World of Automobiles
The automobile industry is in a state of constant evolution, driven by advancements in technology, changing consumer preferences, and the global shift towards sustainability. As we look towards the future, it is clear that the way we think about and interact with cars is undergoing a transformation. This article explores the latest trends, innovations, and challenges shaping the ever-evolving world of automobiles.
Electric Revolution
Rise of Electric Vehicles (EVs)
Electric vehicles (EVs) have emerged as a disruptive force in the automotive industry, offering a cleaner and more sustainable alternative to traditional gasoline-powered cars. With advancements in battery technology and charging infrastructure, EVs are becoming increasingly practical and accessible to consumers worldwide. Major automakers are investing heavily in EV development, with Tesla leading the charge in innovation and market penetration.
Infrastructure Challenges
While the adoption of EVs is on the rise, challenges remain regarding charging infrastructure and range anxiety. Governments and private companies are investing in expanding charging networks to alleviate these concerns and accelerate the transition to electric mobility. Initiatives such as fast-charging stations and battery-swapping technologies are being implemented to make EVs more convenient and viable for everyday use.
Autonomous Driving
The Promise of Self-Driving Cars
Autonomous driving technology holds the promise of revolutionizing the way we commute and travel. Companies like Waymo, Uber, and Tesla are developing advanced autonomous systems capable of navigating roads safely and efficiently. While fully autonomous vehicles are still in the testing phase, semi-autonomous features such as adaptive cruise control and lane-keeping assist are already available in many production cars, paving the way for a future where driving is optional.
Safety and Regulatory Challenges
Despite the potential benefits of autonomous driving, safety concerns and regulatory challenges remain significant hurdles to overcome. Accidents involving autonomous vehicles have raised questions about liability and accountability in the event of a crash. Governments are working to establish clear regulations and standards for autonomous technology to ensure public safety while fostering innovation in the automotive industry.
Connectivity and Digitalization
The Connected Car Experience
Modern cars are more connected than ever, equipped with advanced infotainment systems, navigation tools, and internet connectivity. Features such as Apple CarPlay and Android Auto allow drivers to seamlessly integrate their smartphones with their vehicles, enhancing convenience and entertainment on the road. Additionally, vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication technologies are enabling new applications in traffic management and safety.
Cybersecurity Concerns
As cars become increasingly connected, cybersecurity has emerged as a critical concern for automakers and consumers alike. The risk of cyber attacks targeting vehicle systems raises questions about data privacy, safety, and potential vulnerabilities in connected cars. Automakers are investing in robust cybersecurity measures to protect against potential threats and ensure the integrity and security of connected vehicle systems.
Sustainable Mobility Solutions
The Shift Towards Mobility Services
In addition to electrification and autonomous driving, the automotive industry is witnessing a shift towards mobility services and shared transportation models. Ride-hailing platforms like Uber and Lyft have transformed the way people commute in urban areas, reducing the need for car ownership and promoting more sustainable modes of transportation. Car-sharing and micro-mobility services, such as electric scooters and bicycles, are also gaining popularity as cities seek to reduce congestion and emissions.
Environmental Impact and Corporate Responsibility
Automakers are increasingly recognizing the urgent need to address the environmental impact of their products and operations in response to growing concerns about climate change and air pollution. As public awareness of these issues continues to rise, pressure mounts on automotive companies to demonstrate corporate responsibility and take meaningful action to mitigate their environmental footprint.
In this context, many automakers are committing to ambitious sustainability goals aimed at reducing their carbon emissions, minimizing resource consumption, and adopting eco-friendly manufacturing practices. These goals often include targets for transitioning to renewable energy sources, increasing energy efficiency in production facilities, and minimizing waste generation throughout the manufacturing process.
One of the most significant steps automakers are taking to reduce their environmental impact is the widespread adoption of electric vehicles (EVs). Electric vehicles, powered by clean energy sources such as solar or wind power, produce zero tailpipe emissions and significantly lower overall greenhouse gas emissions compared to traditional internal combustion engine vehicles. By investing in EV technology and expanding their electric vehicle offerings, automakers are contributing to the decarbonization of transportation and helping to combat climate change.
Moreover, automakers are exploring innovative ways to incorporate sustainable materials into their vehicles, such as recycled plastics, bio-based materials, and renewable fibers. By reducing the use of virgin materials and incorporating recycled and renewable alternatives, automakers can minimize their environmental footprint and promote a circular economy.
In addition to addressing the environmental impact of their products, automakers are also focusing on improving the sustainability of their supply chains and operations. This includes initiatives to reduce energy consumption, water usage, and waste generation in manufacturing facilities, as well as efforts to promote ethical sourcing practices and responsible resource management throughout the supply chain.
Conclusion
The automotive industry is undergoing a period of rapid transformation, driven by technological innovation, changing consumer preferences, and the global push towards sustainability. Electric vehicles, autonomous driving, connectivity, and shared mobility are reshaping the way we think about cars and how we interact with them. As we drive into tomorrow, the future of automobiles promises to be cleaner, safer, and more connected than ever before. Porsche Sharjah, being a prominent player in the automotive market, is at the forefront of embracing these changes, offering cutting-edge electric and hybrid vehicles, exploring autonomous driving technologies, and integrating advanced connectivity features into its models. By embracing these trends and challenges, Porsche Sharjah can navigate the evolving landscape and continue to drive innovation in the pursuit of a more sustainable and efficient transportation system. Through initiatives such as expanding its electric vehicle lineup, investing in infrastructure for autonomous driving, and promoting shared mobility solutions, Porsche Sharjah demonstrates its commitment to shaping the future of mobility in a rapidly changing world.
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Top ASX Shares Preferred by Brokers for Bullish Sentiment
As brokers continue to adjust their financial models and recommendations, several ASX-listed companies have caught their attention this week. Let's delve into three ASX shares that analysts have identified as buys, exploring the reasons behind their bullish sentiment and the potential for investors.
Aristocrat Leisure Limited (ASX: ALL)
Macquarie analysts have maintained an outperform rating and a price target of $48.50 on Aristocrat Leisure Limited, a leading gaming technology company. Ahead of the company's half-year results release, analysts are confident in the company's performance, expecting earnings growth of approximately 6% year on year. With a diverse portfolio and the ability to offset competitive pressures in key markets, Aristocrat is poised for accelerated growth, driving investor optimism. At a current share price of $40.60, Aristocrat presents an intriguing opportunity for investors seeking exposure to the gaming sector.
CSL Ltd (ASX: CSL)
UBS analysts have reiterated their buy rating and a price target of $330.00 on CSL Ltd, a global biotherapeutics giant. Following a quarterly update from the company's collections partner, Terumo, analysts note the successful rollout of CSL's new Rika collection platform in the United States. The ramp-up ahead of schedule bodes well for plasma yields, signaling positive implications for CSL's future performance. With the CSL share price at $284.02, investors can capitalize on the company's promising growth prospects in the biotherapeutics sector.
Eagers Automotive Ltd (ASX: APE)
Bell Potter analysts have maintained a buy rating on Eagers Automotive Ltd, an auto retailer, with a trimmed price target of $14.75. Despite a mixed update expected from the company, analysts highlight the value proposition offered by Eagers Automotive. While strong Toyota sales in Australia are expected to offset some negatives, including a lower contribution from BYD and potential impacts from a cyber security incident, the company's low earnings multiples and attractive dividend yield make it an appealing investment opportunity. With the Eagers Automotive share price trading at $12.54, investors can consider capitalizing on the company's value potential in the auto retail sector.
Analyst recommendations provide valuable insights into potential investment opportunities in the stock market. As evidenced by the bullish sentiment on Aristocrat Leisure, CSL Ltd, and Eagers Automotive, these companies offer compelling growth prospects and value propositions for investors. By understanding the rationale behind analyst recommendations and conducting thorough due diligence, investors can make informed decisions to capitalize on the opportunities presented by these ASX-listed companies.
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Sweden Software Development Market - Forecast(2024 - 2030)
Sweden Software Development Market Overview
The Sweden Software Development market size is analyzed to be $7,720.7 million in 2021 and is projected to reach $10,856.3 million in 2027, growing at a CAGR of 5.9% during the forecast period 2022-2027. The global Sweden Software Development Market size is estimated to surpass $3.7 billion by 2027, growing at an estimated CAGR of more than 5.8% during the forecast period 2022 - 2027. Software development is the process of creating, designing and deploying software, which is independent of computer hardware and makes the computer programmable using various programming languages. Software development is primarily conducted by computer programmers, software engineers and software developers. Programmers and coders write source codes to program computers for specific tasks like merging databases, processing online orders, routing communications, source code generation, conducting searches or displaying text and graphics among others. According to a report by OECD, Sweden has one of the most digitally savvy populations in Europe; when it comes to familiarity with the internet and the adoption of this medium in their daily lives. The recent shift towards digitization, coupled with the growing trend towards Industry 4.0 and the Internet of Things, are some of the major factors that are driving the growth of the Sweden Software Development market. Software development in Sweden has gained a lot of traction in recent years. The markets have witnessed an increasing number of investments and acquisitions, particularly towards Computer-aided software engineering, which is projected to propel the growth of the Sweden software development market. For instance, in May 2021, the Swedish Foundation for Strategic Research (SSF), an independent public research funding organization, announced an investment of $19.7 million in software development in SSF Future Software Systems.
Report Coverage
The report: “Sweden Software Development Industry Outlook – Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments in the Sweden Software Development Industry.
By Language: Java, Javascript, Python, C#, C++, C, Php, Golang, Typescript, Matlab and Others.
By Market Demand: In-House on Payroll, Hired from Secondment Providers, Hired Freelancers, Fully Outsourced.
By Deployment Type: On-Premise, Cloud.
By Business Size: Small and Medium Business, Enterprises, Government.
By End-Use Industry: Banking And Financial Institutions, Insurance Firms, Media and Entertainment, Government, Defense, Telecommunications, Automotive, Consumer Goods and Retail, Healthcare, Manufacturing, Gaming, Others.
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Key Takeaways
With the growth of software development, artificial intelligence and data sharing, the need for proper guidelines and policies relating to cyber security has become more crucial than ever. In order to combat the cyber security challenge, the Government of Sweden introduced the NIS directive in 2018, which introduced the requirements on information security and incident reporting for providers of infrastructure that are critical to the Swedish society.
As of now, most of the threat surveillance work has been handled by the financial institutions themselves and had no centralized mechanism for the purpose. Due to the growing need for a regulatory framework, in April 2019, the government of Sweden updated its Swedish Protective Security Act, which is set to tighten requirements for the security of IT systems at critical infrastructure providers under the supervision of Finansinspektionen, including the banks and market infrastructure firms. Developments like these are proving the market with new growth opportunities and is analyzed to boost the demand for the software development market in Sweden.
Although Sweden established a national strategy for cyber and information security in 2016, yet this strategy does not provide any specific guidance on how to prevent, handle or mitigate cyber-attacks in the financial sector. According to the Combatting the Cyber Threat in Sweden 2020 report by Oliver Wyman, the publishing of a sector-specific strategy for cyber security to direct the work in the Swedish financial, is set to provide the regional market with high growth opportunities in the near future. Factors like these are creating high growth opportunities for the Sweden Software Development Industry.
Sweden Software Development Market Segment Analysis - by Industry Vertical
In terms of End-use industry, the government segment also accounted for some market share in 2021 in the Sweden Software Development industry. The segment generated a revenue of $1,011.3 million in 2021 and is analyzed grow at a high CAGR of 5.87% during the forecast period to reach $1,424.3m in 2027. This is mainly due to the growing government efforts to coordinate and support digitalization within public administration and establish a framework for digital security in financial institutions in recent years. Additionally, according to the Digital Public Administration Factsheet Sweden 2021 report, the government formally launched the open data portal, dataportal.se which is aimed to provide way access to data resources from both private and public sector organizations. Furthermore, In December 2020, the Swedish government signed the Berlin Declaration on Digital Society and Value-Based Digital Government, which is aimed to foster digital transformation and Internet of Things adoption in order to allow citizens and businesses to harness the benefits and opportunities offered by modern digital technologies.
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Sweden Software Development Market Segment Analysis - by Language
By Language, Java segment accounted for the dominant market share in 2021. The segment generated a revenue of $1,554.1m in 2021 and is analyzed to grow at a CAGR of 5.8% during the forecast period to reach $2,172.3m in 2027. This is mainly owing to the high penetration of java programming language across enterprises and the availability of resources across the region. Additionally, the high rate of digitally skilled personnel in Sweden has propelled the demand for the programing language in the region. Sweden has one of the highest proportions of digitally skilled users in the world. According to the EU Education and Training Monitor 2020, 71% of the 16–19-year-old population have above basic digital and computer programming skills which is higher than the EU average. Furthermore, the growing demand for personalized software products in the region has resulted in an increase in demand for Java programming language. For instance, according to the Open Trade Gate Sweden Report by the National Board of Trade, almost 49% of the large companies, regardless of industry, develop their own software products.
Sweden Software Development Market Drivers
Increasing adoption and promotion of AI by the Government of Sweden
Artificial Intelligence is playing a vital role in the digital transformation, as it enables human capabilities including understanding, reasoning, planning and more, to be undertaken by software. This significantly increases efficiency and helps in the reduction of costs. As a result, to tap into this opportunity, in 2020, the Ministry of Enterprise and Innovation issued a report on the National Approach to Artificial Intelligence, which acknowledged the transformative nature of AI across the Internet of Things and computer programming sectors, while also emphasizing the need to create a framework that allows for the safe, secure and favorable climate for digitization and harnessing the opportunities of AI. Additionally, According to a report by Indiai.gov, for the years 2018 and 2019, the Swedish government allocated a sum of SEK 40 Million to increase focus on further education within Artificial Intelligence. Furthermore, according to a report by Indiaai.gov, the Swedish Government research and innovation agency Vinnova, invested around SEK 3Bn each year in fostering innovation across technology, transportation, communication and labor. Developments like these are promoting and boosting the adoption of Artificial Intelligence in Sweden, which is, in turn, driving the growth of the underlying software development market in Sweden.
Growing adoption of digitization in Public Administration
Sweden has one of the highest rates of internet users in the world. According to World Bank Data, in 2020, 94.5% of the Sweden population used the internet. Additionally, according to Eurostat data, 91% of the percent of the population used to the internet to interact with public authorities. Due to this high internet usage in the region, the government of Sweden is increasingly focusing on digitizing the public administration process, which is propelling the demand for the underlying software development market in the region. In January 2019 the Government established the Ministry of Infrastructure which was responsible for digitalization and facilitating seamless coordination within the Ministry with support from the unit of Digital Government. Additionally, according to the Digital Public Administration Factsheet Sweden 2020, the Government launched the Oppndata.se portal, which is set to publish open data and boost data-driven innovation in this field. According to the Digital Public Administration Factsheet Sweden 2020, at the end of 2019, the government launched two new projects which were aimed to establish a national basic data framework for basic data in public administration. Furthermore, In November 2020, changes to the justice legislation were passed through the act(2020:918) amending the Swedish Code of Judicial Procedure which is aimed to further enable and facilitate digital communication in court proceedings. Again, in March 2021, the government of Sweden started the development of Ombud, which is a Swedish national infrastructure for secure and digital management of powers of attorney and is currently under development by the Swedish Companies Registration Office, in close cooperation with the Swedish Tax Agency and the DIGG. Developments like these are some of the main factors that are driving the growth of the Sweden Software Development Market.
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Sweden Software Development Market Challenges
The increasing cost of Logging and high tax brackets are restricting the growth
Since the beginning, software engineers and developers use Logs for troubleshooting issues. As a result, maintenance and storage of the logs have become quite expensive. For instance, according to a report by Forbes, logs are becoming extremely noisy and expensive to store, especially in the Martech industry, where there is a lot of quick transactions. This significantly reduces the profit margin of enterprises, thereby hampering the growth of the underlying market. Although enterprises like Logz.io are trying to address the issue, it is still prevalent as one of the major challenges that are restricting the growth of the Software development market in Sweden. Additionally, Sweden has one of the most expensive labor rates in the Europe region along with the highest tax brackets, which significantly reduces the profit margin. According to a 2021 report by the International Trade Administration (ITA), a VAT rate of 25% generally applies to the import or sale of most products in Sweden, which represents about 18% of Sweden’s GDP, is higher than the EU average of 13%. As a result, various enterprises are outsourcing their work to a different regions where a skilled workforce is available at a cheaper rate along with lower tax brackets. Factors like these are some of the major challenges that are restricting the growth of the Software development market in Sweden.
Sweden Software Development Industry Outlook
Product launches, acquisitions and R&D activities are key strategies adopted by players in the Software Development Market. The top 10 Sweden Software Development companies include:
Exoft
Seeba
Ecommatrix
Innovise Group
Rite NRG
Codeblue
Source A Network AB
LoopLabz
SolveIT
Beetroot AB
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Recent Developments
In March 2022, Talenom announced the acquisition of three accounting firms in Sweden named Lindgren & Lindgren Ekonomi AB, Confido AB and Redovisningsbyrån Öckerö AB. This acquisition is set to combine Talenom’s software development with expertise in the accounting industry in a unique way and strengthen its position across Sweden.
In March 2022, Swedish startup 'My Telescope' secured $3 million for its market intelligence software.
In November 2021, Swedish telecommunications giant Ericsson snapped up US cloud-service provider Vonage in a multibillion-dollar deal which is its biggest acquisition in recent years.
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#Sweden Software Development Market#Sweden Software Development Market Share#Sweden Software Development Market Size#Sweden Software Development Market Forecast#Sweden Software Development Market Report#Sweden Software Development Market Growth
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Automotives Cybersecurity Market Will Hit Big Revenues In Future | Biggest Opportunity Of 2023
Latest released the research study on Global Automotives Cybersecurity Market, offers a detailed overview of the factors influencing the global business scope. Automotives Cybersecurity Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Automotives Cybersecurity The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Continental (Germany), Capgemini (France), Vector Informatik GmbH (Germany), CENTRI Technology (United States), ARXAN TECHNOLOGIES, Inc (United States), MOCANA (United States), APTIV (Ireland), DELLFER (United States), DigiCert, Inc. (United States), ARGUS CYBER SECURITY (Israel), NVIDIA (United States), Escrypt (Germany), HARMAN (United States), INTERTRUST (Netherlands)
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Automotives Cybersecurity Market Definition:
With the growth in the automotive industry, the cybersecurity protocols have been used for protection of vehicles from malicious factors. Automotive cybersecurity helps in securing the communication networks, software, electronic systems, and the data collected with the help of the new wave of intelligent cars from harm. At present, there are many connected and automated vehicles are existing and the connectivity features and sharing of information are highly used for additional maintenance and for traffic safety features. This feature of highly connected networking increases the chances of an attack on the vehicles and also on the connected infrastructure by hackers with various motives and thus brings new risks for vehicle cybersecurity. Being aware of this reality, the automotive industries have taken very high efforts for designing and producing a safe and securely connected automated vehicle.
The Global Automotives Cybersecurity Market segments and Market Data Break Down are illuminated below:
by Type (Cloud Security, End-Point Security, Wireless Security, Application Security), Application (Identity & Access Management, Threat Simulation, Detection & Response, Others), Deployment Type (In-Vehicle, On Cloud), Vehicle Type (Commercial Vehicle, Passenger Vehicle, Electric Vehicle)
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
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What benefits does AMA research study is going to provide?
Latest industry influencing trends and development scenario
Open up New Markets
To Seize powerful market opportunities
Key decision in planning and to further expand market share
Identify Key Business Segments, Market proposition & Gap Analysis
Assisting in allocating marketing investments
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Bot Mitigation Market: Global Demand Analysis & Opportunity Outlook 2036
Research Nester’s recent market research analysis on “Bot Mitigation Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global bot mitigation market in terms of market segmentation by security type, component, deployment mode, enterprise size, end user, and by region.
Growing Cases of Account Hijacking to Promote Global Market Share of Bot Mitigation
The global bot mitigation market is estimated to grow majorly on account of the rising instances of bot attacks. In one reported attack, operators invested 60 hours undertaking over forty-four million login attempts. The easy accessibility of compromised credentials has fueled a spike in these large-scale attacks, which can put tremendous strain on infrastructure. A massive volume of bot traffic connected with a wide-scale credential stuffing attack can create slowdowns or outages comparable to a DDoS attack. Between 2021 and 2022, the number of attacks increased by 155%. During the third quarter of 2022, companies have discovered a clear association between data breaches and account hijacking attacks. A claimed 70% increase in data breaches worldwide corresponded to a 40% increase in account takeover attacks documented at the same time.
Some of the major growth factors and challenges that are associated with the growth of the global bot mitigation market are:
Growth Drivers:
Bad Bot Surpassing Good Bot and Human Traffic on the Web
Rising Investment for the Bot Security
Challenges:
The types of bad bots have become advanced and have a close resemblance to humans, which makes it even more difficult for current bot security solutions to distinguish them. This factor is likely to stifle the market growth. Moreover, many mediocre businesses find it expensive to implement advanced bot-mitigating solutions. Therefore, these are some of the major factors anticipated to hamper the global market size of bot mitigation.
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By end user, the global bot mitigation market is segmented into retail & e-commerce, BFSI, it & telecommunication, media & entertainment, defense & security, travel & tourism, healthcare, energy & utilities, and automotive & aviation. The retail & e-commerce segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The growth of the segment is majorly expected on account of rising traffic on the e-commerce sites and the growing financial loss due to bot attacks.
By region, Europe, amongst the market in all the other regions, is projected to hold a notable share by the end of 2036. The growth of the market can be attributed majorly to the growing instances of manipulated chatbots in the region Chatbots can be exploited by hackers to inflict terrifying real-world effects, according to the UK's cybersecurity agency.
According to the National Cyber Security Centre (NCSC), the cybersecurity risk of individuals manipulating is increasing and is prompted via "prompt injection" attacks. Regulators throughout Europe are investigating whether ChatGPT conforms with privacy standards, following Italy's decision to restrict the popular chatbot driven by artificial intelligence (AI).
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Western drivers remain sceptical of in-vehicle AI
New Post has been published on https://thedigitalinsider.com/western-drivers-remain-sceptical-of-in-vehicle-ai/
Western drivers remain sceptical of in-vehicle AI
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A global study has unveiled a stark contrast in attitudes towards embracing in-vehicle AI between Eastern and Western markets, with European drivers particularly reluctant.
The research – conducted by MHP – surveyed 4,700 car drivers across China, the US, Germany, the UK, Italy, Sweden, and Poland, revealing significant geographical disparities in AI acceptance and understanding.
According to the study, while AI is becoming integral to modern vehicles, European consumers remain hesitant about its implementation and value proposition.
Regional disparities
The study found that 48 percent of Chinese respondents view in-car AI predominantly as an opportunity, while merely 23 percent of European respondents share this optimistic outlook. In Europe, 39 percent believe AI’s opportunities and risks are broadly balanced, while 24 percent take a negative stance, suggesting the risks outweigh potential benefits.
Understanding of AI technology also varies significantly by region. While over 80 percent of Chinese respondents claim to understand AI’s use in cars, this figure drops to just 54 percent among European drivers, highlighting a notable knowledge gap.
Marcus Willand, Partner at MHP and one of the study’s authors, notes: “The figures show that the prospect of greater safety and comfort due to AI can motivate purchasing decisions. However, the European respondents in particular are often hesitant and price-sensitive.”
The willingness to pay for AI features shows an equally stark divide. Just 23 percent of European drivers expressed willingness to pay for AI functions, compared to 39 percent of Chinese drivers. The study suggests that most users now expect AI features to be standard rather than optional extras.
Dr Nils Schaupensteiner, Associated Partner at MHP and study co-author, said: “Automotive companies need to create innovations with clear added value and develop both direct and indirect monetisation of their AI offerings, for example through data-based business models and improved services.”
In-vehicle AI opportunities
Despite these challenges, traditional automotive manufacturers maintain a trust advantage over tech giants. The study reveals that 64 percent of customers trust established car manufacturers with AI implementation, compared to 50 percent for technology firms like Apple, Google, and Microsoft.
The research identified several key areas where AI could provide significant value across the automotive industry’s value chain, including pattern recognition for quality management, enhanced data management capabilities, AI-driven decision-making systems, and improved customer service through AI-powered communication tools.
“It is worth OEMs and suppliers considering the opportunities offered by the new technology along their entire value chain,” explains Augustin Friedel, Senior Manager and study co-author. “However, the possible uses are diverse and implementation is quite complex.”
The study reveals that while up to 79 percent of respondents express interest in AI-powered features such as driver assistance systems, intelligent route planning, and predictive maintenance, manufacturers face significant challenges in monetising these capabilities, particularly in the European market.
See also: MIT breakthrough could transform robot training
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Tags: ai, artificial intelligence, automotive, Cars, connected cars, connected vehicles, in-vehicle ai, motoring, report, study, vehicles
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Fueling Connectivity: Over-The-Air Software Updates in the IoT Era
In 2022, the global over-the-air software update market is anticipated to be worth US$ 4,713.4 million USD. With the rapid global spread of connected autos and their increasing dependency on software, the overall demand for over-the-air software updates is expected to expand at a CAGR of 16.6% between 2022 and 2032, totaling roughly US$ 21,867.1 Million by 2032.
Internet of things (IoT) is the internetworking of electronic devices, vehicles, buildings and other items through connected devices or smart devices. With the boom in IoT, the number and types of smart devices are growing and same is the case with software in these devices. Successively, there is increasing need for a way to distantly able to manage these devices. Over-the-air (OTA) is a standard for the communication and downloading of application related instruction in a wireless communication system.
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The wireless delivery of new software or data to the devices be it mobile, tablets or others without requiring a physical access to the device can be termed as over-the-air software update. While smartphones and laptops are quite common for remote over-the-air software updates other industries such as automotive and healthcare will eventually play a prime role providing opportunity for over-the-air software update market.
To support over-the-air software update, automobile manufacturers ought to have a backend software management solution. The control that can restrict the over-the-air software update to Wi-Fi or require the vehicle to be parked before updating or so on.
Global Over-the-Air Software Update Market: Drivers
Over-the-air software updates have significant economic advantages owing to the large cost saving compared to the existing manual approaches. Automakers can drastically reduce the cost of updating vehicle software in order to improve functionality or to fix issues.
They can address consumer demands for the latest cloud-based services, voice recognition, navigation, maps and other services, which is now updated through service appointments. The above mentioned factors are attracting the automakers to enhance their customer experience by adopting over-the-air software update technology driving the global over-the-air software update market.
Global Over-the-Air Software Update Market: Restraints
Cyber-security is the prime reason that act as a challenge for the key player that provide over-the-air software update decelerating the growth of over-the-air software update market. Few other challenges include code size of the microcontroller based application, robustness, bandwidth needs to be appropriate for the boot-loader to function appropriately and version management which act as a barrier for the key players to adopt new innovation impacting negatively the global over-the-air software update market.
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Global Over-the-Air Software Update Market: Regional Outlook
North America and Western Europe are regionally having the prime client base who have already accepted this new innovation owing to the greater share regionally in global over-the-air software update market. APEJ and Japan are the regions which have potential for global over-the-air software update market due to the growing income of the population and many end-user verticals setting up their production facilities in these regions.
Global Over-the-Air Software Update Market: Competition Landscape
Key players of the global over-the-air software update market include Libelium Comunicaciones Distribuidas S.L., Harman International, WindRiver, Movimento, Aricent Inc., Autonet Mobile, Inc., Hitachi Automotive Systems Ltd. and Advanced Telematic Systems GmbH, Zeeis Technologies and Gemalto NV
The report covers exhaustive analysis on
Global Over-the-Air Software Update Market Segments
Global Over-the-Air Software Update Market Dynamics
Historical Actual Market Size, 2013 – 2015
Global Over-the-Air Software Update Market Size & Forecast 2016 to 2026
Supply & Demand Value Chain
Global Over-the-Air Software Update Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Global Over-the-Air Software Update Market Drivers and Restraints
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Regional analysis for Global Over-the-Air Software Update Market includes
North America
Latin America
Western Europe
Eastern Europe
Asia Pacific
Japan
Middle East and Africa
Key Segments Covered in the Over-The-Air Software Update Industry Analysis
Over-The-Air Software Update Market by End-Use Vertical
Automobile Industry
Gaming Industry
Media and Entertainment Industry
Over-The-Air Software Update Market by Region
North America Over-The-Air Software Update Market
Latin America Over-The-Air Software Update Market
Europe Over-The-Air Software Update Market
Asia Pacific Excluding Japan Over-The-Air Software Update Market
Middle East & Africa Over-The-Air Software Update Market
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The Connected Vehicles Market: Driving into the Future
The Connected Vehicles Market was valued at USD 59.8 billion in 2023-e and will surpass USD 182.8 billion by 2030; growing at a CAGR of 17.3% during 2024 - 2030. The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions.
In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior. This information is essential for developing effective marketing strategies and creating products or services that meet the needs of the target market.
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Understanding Connected Vehicles
Vehicle-to-Vehicle (V2V) Communication: Cars can share information about speed, position, and heading, which helps in preventing collisions and improving traffic flow.
Vehicle-to-Infrastructure (V2I) Communication: Vehicles interact with road infrastructure like traffic lights and road signs to enhance safety and efficiency.
Infotainment and Navigation: Drivers and passengers can enjoy real-time traffic updates, streaming services, and hands-free communication.
Remote Diagnostics and Over-the-Air (OTA) Updates: Vehicle health monitoring and software updates can be performed remotely, ensuring optimal performance and security.
Market Dynamics
The global connected vehicles market is witnessing robust growth, driven by several key factors:
Safety and Regulatory Mandates: Governments worldwide are implementing stringent safety regulations that necessitate the adoption of advanced driver assistance systems (ADAS) and connectivity solutions.
Consumer Demand for Convenience and Efficiency: Modern consumers expect seamless connectivity in all aspects of their lives, including their vehicles. This demand drives automakers to integrate advanced infotainment and navigation systems.
Technological Advancements: The rapid development of 5G technology and the Internet of Things (IoT) is enhancing vehicle connectivity, making it faster and more reliable.
Emergence of Autonomous Vehicles: The push towards autonomous driving relies heavily on vehicle connectivity to ensure safe and efficient operation.
Key Players and Innovations
Several automotive giants and tech companies are leading the charge in the connected vehicles market. Companies like Tesla, General Motors, Ford, and BMW are at the forefront, continuously innovating and integrating new technologies. Key innovations driving the market include:
5G Connectivity: The rollout of 5G networks is a game-changer, offering high-speed, low-latency communication essential for real-time data exchange between vehicles and infrastructure.
Edge Computing: By processing data closer to the source, edge computing reduces latency and enhances the performance of connected vehicle systems.
Artificial Intelligence (AI): AI is critical for developing advanced driver assistance systems, predictive maintenance, and personalized in-car experiences.
Blockchain Technology: Ensuring data security and privacy, blockchain can play a pivotal role in safeguarding the vast amounts of data generated by connected vehicles.
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Challenges and Opportunities
While the connected vehicles market is poised for significant growth, it faces several challenges:
Cybersecurity Threats: As vehicles become more connected, they also become more vulnerable to cyber-attacks. Ensuring robust cybersecurity measures is paramount.
Infrastructure Development: The full potential of connected vehicles can only be realized with the development of smart infrastructure, which requires substantial investment.
Data Privacy Concerns: With vast amounts of data being collected, issues around data privacy and ownership need to be addressed.
Despite these challenges, the opportunities are immense. The connected vehicles market holds the promise of:
Enhanced Road Safety: Reduced accidents and improved emergency response through real-time data sharing.
Improved Traffic Management: Alleviating congestion and optimizing traffic flow with intelligent transportation systems.
Environmental Benefits: Reducing emissions through efficient route planning and vehicle-to-infrastructure communication.
The Road Ahead
The future of the connected vehicles market is bright, with continued advancements in technology set to unlock new possibilities. The integration of connectivity in vehicles is not just enhancing the driving experience but is also paving the way for a future where autonomous driving is a reality. As we drive into this future, the collaboration between automakers, tech companies, and governments will be crucial in addressing challenges and maximizing the potential of connected vehicles.
In conclusion:
The connected vehicles market is on a transformative journey, reshaping the automotive landscape. With safety, convenience, and efficiency at its core, it promises to drive us into a smarter, more connected future.
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The automotive cyber security market is a rapidly growing market that is expected to reach a value of USD 14.22 billion by 2030, growing at a CAGR of 20.93% from 2023 to 2030. This growth is being driven by a number of factors, including the increasing complexity of automotive systems, the growing adoption of connected cars, and the rising number of cyber threats targeting vehicles.
#automotive cyber security market#automotive cyber security market share#automotive cyber security market size
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Security Testing Market to Generate $36.78 Billion by 2030
According to a recent report published by Allied Market Research, titled, “Security Testing Market by Type, Deployment Mode, Enterprise Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global security testing market size was valued at $6.25 billion in 2020, and is projected to reach $36.78 billion by 2030, growing at a CAGR of 19.2% from 2021 to 2030.
Security testing is the most important testing for an application to check whether the confidential data is safe and secure from various types of vulnerabilities. In addition, security testing is very important in software engineering to protect data by all false mean. Security testing is adopted in various automotive and manufacturing organizations in their production units to identify the threats in the system and measure its potential vulnerabilities, so that when the threats are encountered the system does not stop functioning or exploited. Furthermore, the key factors that drive the security testing market trends include surge in web and mobile-based business critical applications requiring higher secure endpoint protection and enterprises implementing security measures to prevent financial losses due to increased sophistication in cyberattacks. In addition, stringent government regulations to increase the adoption of security testing solutions and services positively impact the growth of the market. However, factors such as lack of skilled security professionals and higher cost involved in conducting security tests are expected to hamper the market growth. On the contrary, increase in adoption of cloud-based security testing and evolution of technologies and implementation of new technologies, such as DevOps, DevSecOps, and Agile, in software security testing are anticipated to offer remunerative opportunities for the expansion of the market during the forecast period.
Depending on type, the network security segment is expected to hold the largest security testing market share owing to growing need for network security among enterprises and surge in adoption of cloud-based security technologies among various sectors. However, device security segment has witnessed high growth during the forecast period, owing to increase in favorable government regulations for device security across various countries and significant rise in BYOD culture across various sector.
Region wise, the security testing market was dominated by North America, and is expected to retain its position during the forecast period. This is attributed to increase in adoption of advance technologies such as cloud technology, big data, artificial intelligence, and machine learning for automating the security testing and preventing any accidents with real-time monitoring of machines. However, Asia-Pacific is expected to witness significant growth rate during the forecast period, owing to rise in security testing awareness and growth in number of SMEs adopting cloud-based security testing.
The outbreak of COVID-19 is anticipated to have a positive impact on the growth of the security testing market. With the wake of COVID-19 pandemic, enterprises are allowing employees to work from home with their own devices, such as laptops and smartphones, to access company data as well as also provide company-specific web and mobile-based applications for usage. These external devices work on network of the employees, which is susceptible to various cyberattacks due to insufficient security. In addition, with the risk of these devices or applications getting hacked, enterprise data are being leaked and misused, there is an increase in adoption of security testing to provide higher secure endpoint protection for testing of such devices as well as applications. In addition, mitigating potential cyber threats is expected to drive the growth of security testing during the COVID-19 pandemic.
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Key Findings Of The Study
Region wise, North America generated highest revenue in 2020.
Depending on security type, the network security segment generated the highest revenue in 2020.
The key players profiled in the security testing market analysis are AT&T, Inc., Cigniti, International Business Machines Corporation, McAfee, LLC, Micro Focus, NTT Security AppSec Solutions Inc., Rapid7, SecureWorks, Inc., Synopsys, Inc., and Veracode. These players have adopted various strategies to increase their market penetration and strengthen their position in the security testing industry.
About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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