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How Is the Global External Cloud Automotive Cyber Security Services Market Performing and What Is its Future Outlook?
The global external cloud automotive cyber security services market size has seen substantial growth recently, expanding from $2.44 billion in 2024 to $2.71 billion in 2025, at a compound annual growth rate of 10.9%. This growth in the historic period is largely due to the rise of connected vehicles, increasing sophistication of cyber threats, regulatory initiatives focusing on the automotive industry’s cybersecurity, and a growing awareness of these risks.
The market is expected to continue its rapid growth, reaching a staggering $4.72 billion by 2029 with a compound annual growth rate of 14.9%. This growth in the forecast period can be attributed to the expansion of the electric and autonomous vehicle market, increased use of OTA software updates, and rising number of cyber threats targeting modern vehicles. Key trends in this period include the emergence of AI and machine learning in automotive cybersecurity and increasing demand for real-time threat monitoring.
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What Are the Key Growth Drivers in the External Cloud Automotive Cyber Security Services Market?
The increasing number of connected cars is driving the growth of the external cloud automotive cyber security services market. Connected cars are vehicles with built-in connectivity systems that can access the internet and other vehicles. With the rise of such vehicles, the need for cybersecurity services has also grown. For instance, a report by the Internet of Business, a UK-based technology news provider, predicts that the number of connected cars will increase by 270% to 125 million by 2022. Therefore, the rising number of connected cars is contributing significantly to the growth of this market.
What Are the Major Segments in the External Cloud Automotive Cyber Security Services Market?
The market is divided into several segments:
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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Which Companies Are Major Players in the Global External Cloud Automotive Cyber Security Services Market?
Major companies in this market include Continental AG, Denso Corporation, Aptiv PLC, NXP Semiconductors N. V., Honeywell International Inc., Trillium Secure Inc., Escrypt GmbH, Vector Informatik GmbH, Karamba Security, Guardknox Cyber Technologies Ltd., Upstream Security Ltd., Capgemini SE, Robert Bosch GmbH, SafeRide Technologies, Arilou Automotive Cybersecurity, Argus Cyber Security, BlackBerry, Cybellum Technologies LTD, MIRA Ltd., BT Security, Cisco Systems Inc., Dell Technologies Inc., Fortinet Inc., International Business Machines Corporation, Microsoft Corporation, Palo Alto Networks Inc., Trend Micro Inc., Check Point Software Technologies Ltd.
What Are the Key Trends in the External Cloud Automotive Cyber Security Services Market?
One key trend is the incorporation of the latest technologies. For example, in March 2022, Wipro, an India-based IT company, launched a Cloud Car platform equipped with an end-to-end cybersecurity system, allowing car manufacturers to address software failures through over-the-air updates.
Which Region Holds the Largest Share in the External Cloud Automotive Cyber Security Services Market?
In 2024, North America held the largest share in the market. However, Asia-Pacific is expected to be the fastest-growing region in the forthcoming period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The External Cloud Automotive Cyber Security Services Market Report 2025 Offer?
External cloud automotive cybersecurity services support the protection of automotive electronic systems, communication networks, and user data from malicious attacks or unauthorized access. The rise of connected cars and their increased vulnerability to cyber threats means these services are essential for automakers. The market report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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