Connect with us

Technology

V2X Cybersecurity Market worth $778 million by 2030 – Exclusive Report by MarketsandMarkets™

Published

3 years ago

on

CHICAGO, Feb. 29, 2024 /PRNewswire/ — V2X Cybersecurity Market is projected to grow from USD 43 million in 2023 to USD 778 million by 2030, at a CAGR of 51.3%, according to a new report by MarketsandMarkets™. The advancement in connected car technology and the expansion of the automotive V2X market are key drivers contributing to the revenue growth in the V2X cybersecurity market. Furthermore, the increasing prevalence of cyber-attacks on a global scale, coupled with the escalating volume of data generated by vehicles, is anticipated to play a pivotal role in propelling market expansion. Additionally, the growing adoption of electric vehicles and advancements in autonomous vehicle development are expected to present favourable opportunities for the V2X cybersecurity market. The implementation of C-V2X (Cellular Vehicle-to-Everything), leveraging 5G technology, is enhancing connected mobility capabilities through V2X communication. The evolution of 5G technology and progress in autonomous vehicles is projected to establish a conducive environment for the widespread adoption of V2X cybersecurity solutions.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194480977

Browse in-depth TOC on “V2X Cybersecurity Market”.

175 – Tables102 – Figures      276 – Pages

V2X Cybersecurity Market Scope:

Report Coverage

Details

Market Size

USD 778 million by 2030

Growth Rate

CAGR of 51.3%

Largest Market

Asia Pacific

Market Dynamics

Drivers, Restraints, Opportunities & Challenges

Forecast Period

2023-2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

Form (In-vehicle and External Cloud Services), Communication Type (V2I, V2V, V2G, and V2P), Security Framework (PKI and Embedded), Security type, Connectivity Type, Propulsion, Vehicle Type and Region

Geographies Covered

Asia Pacific, Europe, North America, and RoW

Report Highlights

Updated financial information / product portfolio of players

Key Market Opportunities

Increasing trend of connected and autonomous vehicle technologies prone to cyberattacks

Key Market Drivers

Large amount of data generated by vehicles and increasing cyberattacks

 

PKI segment is estimated to grow at a fastest rate during the forecast period.

Public Key Infrastructure (PKI) stands as a globally accepted technology for wireless communications, particularly in Internet of Things (IoT)-based automotive applications and autonomous vehicle technologies. A typical PKI system comprises essential components such as Certificate Policy, Root Certificate Authority (CA), Intermediate CA, Certificate Database, Revocation Services, and Digital Certificate. The incorporation of PKI technology in V2X communications offers significant advantages, given its scalability and capability for credential and access control management. Various companies provide PKI solutions based on standards like the Institute of Electrical and Electronics Engineering’s (IEEE) WAVE and the European Telecommunications Standards Institute’s (ETSI) ITS standards. The growing emphasis on autonomous mobility and increasing concerns about road safety globally are anticipated to drive the demand for On-Board Units (OBUs) and Roadside Units (RSUs). PKI solutions provide certificates for both OBUs and RSUs, with market growth tied to the increasing installation of RSUs and the penetration of V2X OBUs in vehicles. This trend is expected to contribute to the revenue growth of the PKI segment within the V2X cybersecurity market. Moreover, the rising focus on smart city projects is likely to boost the demand for RSUs, further supporting revenue growth in the V2X cybersecurity industry throughout the forecast period.

The V2P segment is expected to grow fastest in the V2X cybersecurity market during the forecast period.

The V2P cybersecurity market is projected to grow fastest during the forecast period. The primary driver for the V2P segment is the growing concern for pedestrian safety, prompted by a high pedestrian death rate in traffic accidents. This trend is expected to increase revenues in the V2P cybersecurity market. Notably, in the United States, the Centers for Disease Control and Prevention and the National Center for Injury Prevention and Control reported over 7,500 pedestrian fatalities in traffic accidents in 2022. The pedestrian fatality rate stood at 2.37 deaths per billion vehicle miles traveled (VMT) in the same year. The rise in traffic accidents involving pedestrians and a significant pedestrian presence is anticipated to drive market growth. V2P communications are closely associated with cyber threats, especially as the hacking of smartphones used for V2P communications is on the rise. Consequently, there is a growing demand for cybersecurity solutions to ensure the security of private communications and information.

“North America is expected to have a significant share in the V2X cybersecurity market by 2030.”

The North American automotive industry stands as one of the fastest-growing sectors globally, housing major players such as Ford Motors, General Motors, and Fiat Chrysler Automobiles. The U.S. market, in particular, has shown a preference for passenger cars equipped with advanced comfort and safety technologies. American OEMs, including Ford Motors, General Motors, and Fiat-Chrysler Automotive, dominate the market, alongside established European and Asian OEMs such as Toyota (Japan), Nissan (Japan), Honda (Japan), Hyundai/Kia (South Korea), BMW Group (Germany), and Volkswagen Group (Germany). In the realm of V2X technologies, the U.S. holds prominence, contributing significantly to market growth with expanding application areas centered around connectivity. Consequently, the demand for cybersecurity solutions for automobiles in North America is anticipated to rise. The region is grappling with increasing traffic congestion, prompting a departure from traditional infrastructure expansion methods. Advanced solutions, such as connected car technologies for traffic and fleet management, have become crucial. This shift has been further fueled by the convergence of the ICT sector, automotive industry, and transportation sector, giving rise to the V2X ecosystem.

With the growing adoption of V2X technologies and heightened awareness of potential threats to this technology, the demand for automotive cybersecurity is poised to increase in the North American market. The North American Free Trade Agreement (NAFTA) has played a pivotal role in fostering the growth of the automotive and technology industries in the region. A substantial customer base and high disposable income make North America an attractive market for the entire automobile ecosystem. Ongoing advancements in safety regulations, such as discussions on the mandatory installation of rear-view cameras in the U.S. and deliberations on V2V communication mandates, are expected to propel the North American connected car market in the coming years. Additionally, the presence of key players in the V2X ecosystem, including Qualcomm, Savari, and Harman, is anticipated to contribute to the growth of the North American V2X cybersecurity market.

Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=194480977

Key Market Players:

The major players in V2X Cybersecurity Companies include ESCRYPT GmbH (Germany), Qualcomm Incorporated (US), Autotalks (Israel), AUTOCRYPT Co., Ltd. (Korea), Continental AG (Germany), among others.

Recent Developments

In January 2024, AUTOCRYPT and Cohda Wireless have formalized a Memorandum of Understanding (MOU) during CES 2024, outlining their collaborative efforts to develop a security-integrated Vehicle-to-Everything (V2X) solution.In June 2023, Autotalks and Infineon Technologies AG have formed a collaborative partnership to develop advanced Vehicle-to-Everything (V2X) solutions. In this collaboration, Infineon will contribute its automotive-grade HyperRam 3.0 memory to be integrated into Autotalks’ V2X reference designs, namely Tekton3 and Secton3.In May 2023, Qualcomm Incorporated declared that its subsidiary, Qualcomm Technologies, Inc., had entered into a definitive agreement to acquire Autotalks.In January 2022, AUTOCRYPT Co., Ltd. launched AutoCrypt SCMS Version 5.0, a Security Credential Management Security (SCMS) for Vehicle-to-Everything (V2X) communications and a crucial component of its AutoCrypt V2X security solution. The SCMS would be important for autonomous driving as it would sign and verify the messages transmitted through V2X communication to ensure safety and security.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=194480977

Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting

Related Reports:

Automotive V2X Market – Global Forecast to 2030

Connected Car Market – Global Forecast to 2026

Automotive Cybersecurity Market – Global Forecast to 2028

Railway Cybersecurity Market – Global Forecast to 2027

About MarketsandMarkets™:

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/v2x-cybersecurity-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/v2x-cybersecurity.asp 

Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/v2x-cybersecurity-market-worth-778-million-by-2030—exclusive-report-by-marketsandmarkets-302075235.html

Related Topics:
Continue Reading

Technology

Vobile Signs Strategic Cooperation and Commercial Agreements with UNN to Build AI Factories in Brunei Darussalam

Published

50 minutes ago

on

September 4, 2026

By

SANTA CLARA, Calif., Sept. 4, 2026 /PRNewswire/ — Vobile, a global leader in digital content protection and transaction services, has signed strategic cooperation and commercial agreements with Unified National Networks Sdn Bhd (UNN), an integrated national telecommunication network operator of Brunei Darussalam.

Christopher Phan, Acting Chief Executive Officer of UNN, and Yangbin Wang, Chief Executive Officer of Vobile, Inc., signed the agreements at a ceremony held at UNN’s Tungku Submarine Cable Landing Station on September 3, 2026. The ceremony was witnessed by Yang Mulia Haji Hairul Mohd Daud bin Haji Abd Karim, Deputy Permanent Secretary (Infocommunications), Ministry of Transport and Infocommunications, and UNN Board Director.

“The development of AI-ready infrastructure is of critical importance, not only for our two organizations but also for the future growth of Brunei’s digital economy,” said Heiko Trost, Chief Digital Officer of UNN, at the signing ceremony. “We view this relationship with Vobile as far more than a conventional customer-provider engagement. We see it as a partnership built on shared ambition, innovation and mutual success. Together, we have the opportunity to create meaningful value for Brunei, strengthen the nation’s digital capabilities, and explore new opportunities across the region.”

“DreamMaker helps film and television studios, independent producers and creators use AI technologies to create video entertainment while protecting their intellectual property and finding new ways to generate revenue from their work. This is especially important as AI transforms the global creative industry,” said Ben Smith, Executive Vice President of Vobile. “By combining UNN’s infrastructure with Vobile’s AI capabilities, we can help establish Brunei as a leading AI economy in Southeast Asia while delivering sustainable economic growth for the nation.”

UNN’s new AI-capable data center, designed with liquid cooling and high power density to support NVIDIA’s latest GPU systems, will allocate 25MW of capacity to Vobile. An additional 25MW is reserved for Vobile’s future expansion. This enables Vobile to run AI factories that scale its DreamMaker platform and related services to meet growing demand from clients including film and television studios, independent producers, and content creators.

About Vobile

Vobile is the global leader in digital content protection and transaction services, trusted by the world’s premier entertainment companies, platforms, music labels, sports leagues, and publishers. Using AI technologies, Vobile’s solutions make creative content more valuable. Founded in Silicon Valley, Vobile has operations across North America, Asia, Australia, and Europe. For more information, visit www.vobile.com.

Contact:
Vobile
PR@vobile.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/vobile-signs-strategic-cooperation-and-commercial-agreements-with-unn-to-build-ai-factories-in-brunei-darussalam-302870397.html

SOURCE Vobile, Inc.

Continue Reading

Technology

MongoDB, Inc. to Present at Upcoming Investor Conferences

Published

50 minutes ago

on

September 4, 2026

By

NEW YORK, Sept. 4, 2026 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that it will present at three upcoming investor conferences:

Citi 2026 Global TMT Conference. The presentation is scheduled for Wednesday, September 9, 2026 at 8:50 AM Eastern Time.Goldman Sachs Communacopia + Technology Conference 2026. The presentation is scheduled for Thursday, September 10, 2026 at 10:10 AM Pacific Time (1:10 PM Eastern Time).Piper Sandler Growth Frontiers Conference. The presentation is scheduled for Tuesday, September 15, 2026 at 11:30 AM Central Time (12:30 PM Eastern Time).

A live webcast of each presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcasts will also be available for a limited time.

About MongoDB

MongoDB is the real-time, intelligent data platform for modern applications in the multi-cloud and AI era. Headquartered in New York, MongoDB helps organizations move faster, build smarter, and simplify complex architectures on a unified platform for operational data, search, real-time analytics, and AI-powered retrieval, coupled with MongoDB Voyage AI’s industry-leading embedding and reranking models. The platform is available as a fully managed service with MongoDB Atlas or self-managed with MongoDB Enterprise Advanced or Community Edition. Millions of developers and more than 70,000 customers, including approximately 75% of the Fortune 100, rely on MongoDB for their most important customer-facing applications. To learn more, visit mongodb.com. 

Investor Relations
Jess Lubert
ir@mongodb.com

Media Relations
MongoDB
press@mongodb.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-to-present-at-upcoming-investor-conferences-302870403.html

SOURCE MongoDB, Inc.

Continue Reading

Technology

AI Can Help CIOs Reclaim Capacity as 83% of IT Spend and 66% of Staff Time Go Toward Keeping the Lights On, Says Info-Tech Research Group

Published

50 minutes ago

on

September 4, 2026

By

IT teams are expected to drive innovation, strengthen resilience, and support growth while most of their time and budget remain committed to maintaining existing systems and services. Info-Tech Research Group’s recent blueprint, Harness AI to Reduce the Cost and Effort of KTLO in IT Operations, helps CIOs identify where targeted AI investments can reduce the KTLO burden, reclaim capacity for higher-value work, and build practical AI skills.

ARLINGTON, Va., Sept. 4, 2026 /CNW/ — Routine IT operations and maintenance consume 82.6% of IT spend and 66% of IT teams’ time and effort, according to Info-Tech Research Group’s IT Spend & Staffing Benchmarking data. That allocation leaves only a fraction of IT capacity available for new technology initiatives, operational improvements, and transformation.

To help organizations address this imbalance, Info-Tech has published its Harness AI to Reduce the Cost and Effort of KTLO in IT Operations blueprint. The resource helps CIOs identify AI-enabled opportunities to reduce the cost and effort of keeping the lights on (KTLO), quantify their potential value, assess organizational readiness and risk, and build a portfolio of initiatives for launch.

“KTLO has always been treated as an unavoidable tax on IT, but that mindset is outdated,” says Fred Chagnon, principal research director at Info-Tech Research Group. “Targeted AI investments can help CIOs reduce low-value manual work, reclaim budget and staff time, and reinvest both in innovation. The result is an IT organization that runs smarter and has more capacity to deliver value.”

Info-Tech cautions that common cost-cutting responses can deepen the KTLO problem. Running hardware and software beyond end of life can increase technical debt and security risk; using outsourcing primarily as a cost-reduction strategy can overlook its value in reclaiming capacity and accessing specialized expertise; and eliminating growth or transformation initiatives can starve the business of future value.

Five AI Tactics for Reducing KTLO Cost and Effort
Info-Tech’s research identifies five AI-enabled tactics that IT leaders can assess based on their operational priorities, technology environment, and organizational readiness:

Intelligent incident management and AIOps: Detect anomalies, correlate events across operational silos, support predictive maintenance, and automate common remediation activities.Autonomous patch and vulnerability management: Automate patch prioritization, deployment, and verification to reduce manual effort and support more consistent compliance.Smart data classification, cleaning, and curation: Reduce duplicate and outdated data, storage bloat, and manual data management while strengthening the governed data foundation required for AI.Generative AI service desk and conversational self-service: Deflect routine Tier 1 requests, improve access to support, and free service desk staff to focus on more complex work.AI-assisted script, documentation, and code generation: Accelerate scripting and documentation, preserve knowledge about legacy systems, and reduce the effort required to maintain them.

Info-Tech’s Four-Step Framework for AI-Enabled KTLO Reduction
Identifying a potential use case is only the starting point. CIOs also need to understand its expected value, implementation requirements, and organizational risks before committing resources. To guide that evaluation, the Harness AI to Reduce the Cost and Effort of KTLO in IT Operations blueprint applies a four-step assessment process across all five tactics:

Uncover opportunities. Identify manual, repetitive, and resource-intensive KTLO activities that could benefit from AI and automation.Quantify the value. Estimate the labor time and costs associated with each activity, then project potential cost reductions, reclaimed effort, and time to value.Assess readiness and risk. Evaluate organizational constraints such as data quality, integration requirements, process maturity, skills, change readiness, and implementation risk.Blueprint for launch. Define viable initiatives, accountable teams, expected outcomes, and actionable milestones, then consolidate them into a Quantified KTLO Reduction Initiative Portfolio.

KTLO reduction can also serve as a workforce development opportunity. Applying AIOps, automation, and generative AI to familiar, measurable processes gives IT teams practical experience in a controlled environment and prepares them to lead broader AI initiatives across the organization.

The Harness AI to Reduce the Cost and Effort of KTLO in IT Operations blueprint and its supporting Quantified KTLO Reduction Initiative Portfolio provide CIOs with practical guidance for turning assessed opportunities into executive-level investment proposals. By connecting projected cost and effort reductions with readiness, risk, time to value, and implementation milestones, the research helps leaders move KTLO discussions from short-term cost cutting to measurable reinvestment in innovation.

For exclusive and timely commentary from Info-Tech’s experts, including Fred Chagnon, and access to the complete Harness AI to Reduce the Cost and Effort of KTLO in IT Operations blueprint, please contact pr@infotech.com.

About Info-Tech Research Group
Info-Tech Research Group is the “get things done” partner for over 30,000 IT, HR, and marketing leaders worldwide. The fastest growing research and advisory firm, Info-Tech enables leaders to make well-informed decisions and transform their organizations through AI, strategic foresight, step-by-step methodologies, practical tools, industry-leading advisory, and training programs. For nearly 30 years, tens of thousands of private and public organizations have trusted Info-Tech to lead their most important initiatives through periods of change and deliver outcomes that truly matter.

To learn more about Info-Tech’s HR research and advisory services, visit McLean & Company, and for data-driven software buying insights and vendor evaluations, visit the firm’s SoftwareReviews platform.

Media professionals can register for unrestricted access to research across IT, HR, and software, and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ai-can-help-cios-reclaim-capacity-as-83-of-it-spend-and-66-of-staff-time-go-toward-keeping-the-lights-on-says-info-tech-research-group-302870414.html

SOURCE Info-Tech Research Group

Continue Reading

Trending