Is your organization effectively benchmarking the competition to augment your growth strategy in the automotive cybersecurity realm?
As automakers push forward with cutting-edge advancements like autonomous driving, vehicle-to-grid (V2G) charging, vehicle-to-everything (V2X) communication, and over-the-air (OTA) updates, the demand for robust cybersecurity solutions has never been higher. Indeed, this has set the automotive cybersecurity industry on a rapid growth trajectory, leading to such transformative shifts:
- The industry is experiencing significant growth — at an annual rate of 18.4% — driven by regulatory demands and the competitive race among original equipment manufacturers (OEMs) in major automotive regions.
- By 2026, vehicles with embedded connectivity are expected to account for approximately 80% of all connected vehicle sales, making cybersecurity a top priority for OEMs.
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Disruptive Technologies
Proactive threat detection, anomaly detection, and adaptive defense mechanisms are a few of the many AI-powered cybersecurity features improving the automotive experience. Such advancements are becoming key for ensuring the resilience of automotive systems against evolving cyber threats.
Competitive Intensity
The ecosystem is growing to include cybersecurity vendors, technology companies with integrated cybersecurity divisions, and Tier 1 suppliers with internal cybersecurity teams. These participants are competing in this space to innovate and offer better solutions.
Industry convergence
Automakers, cybersecurity firms, and technology providers are increasingly joining forces to tackle cybersecurity challenges head-on. They are exchanging best practices and contributing to the development of solutions tailored to the unique demands of the automotive ecosystem.
Is your company aligning with these strategic imperatives to ensure your success in the automotive cybersecurity domain?
The Frost Radar™ is more than just an analytical tool; it’s your gateway to gaining an intricate understanding of the automotive cybersecurity ecosystem. By focusing on two key metrics — ‘growth,’ which assesses growth trajectory and potential, and ‘innovation,’ which highlights technological advancements — this tool delineates leading companies in this industry. Additionally, an appealing graph maps each company in relation to the others. Top industry players use the Frost Radar™ to optimize their growth and competitive strategies. Start using this competitive benchmarking tool today to unlock your potential in the world of automotive cybersecurity.
Is your long-term growth strategy leveraging new technologies and partnerships to help you thrive in this domain
The automotive cybersecurity ecosystem, though relatively new, is brimming with potential. As connectivity becomes a standard across vehicle fleets, securing an early lead in this domain is crucial for success. The Frost Radar™ highlights 7 companies that are harnessing transformative megatrends, forging strategic alliances, pioneering novel business models, and leveraging cutting-edge technologies. The featured companies are Argus Cyber Security, Upstream Security, Karamba Security Ltd, AUTOCRYPT, Cybellum Technologies Ltd, VicOne, and ETAS GmbH.
Download the Frost Radar™ for an in-depth analysis of these companies. Delve into their business models, targeted growth opportunities, and even best practices.
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