Impact of COVID-19 on Automotive Cybersecurity Market
Cybersecurity solution providers have played an important role till date to enable data-driven deatures in vehicles. Data-driven features have been adopted in vehicles to improve road safety, reducing traffic congstions, enabling easy parking, and enabling smart charging for future EVs. However, COVID-19 has impacted the automotive production and demand negatively. The cash-crunch that dooms on the industry along with the changing consumer behavior due to the pandemic, has prompted technology providers to alter their focus areas at a rapid pace. Thus, cybersecurity providers must understand the various levels at which COVID-19 has impacted the different data-driven demand areas and how they can modify their current offerings to enable the "New Normal" that is ought to impact the automotive industry.
Cybersecurity solution providers have played an important role till date to enable data-driven deatures in vehicles. Data-driven features have been adopted in vehicles to improve road safety, reducing traffic congstions, enabling easy parking, and enabling smart charging for future EVs. However, COVID-19 has impacted the automotive production and demand negatively. The cash-crunch that dooms on the industry along with the changing consumer behavior due to the pandemic, has prompted technology providers to alter their focus areas at a rapid pace. Thus, cybersecurity providers must understand the various levels at which COVID-19 has impacted the different data-driven demand areas and how they can modify their current offerings to enable the "New Normal" that is ought to impact the automotive industry.