MRFR

 Meticulous Research ® – leading global market research company published a research report titled  “ Cybersecurity Market  by Type (Network Security, Endpoint Security, Application Security, Cloud Security), Solution (Unified Threat Management, Antimalware, Firewall, Disaster Recovery, Web Filtering, DDS Management, Encryption) - Global Forecast to 2027”. According to this latest publication from Meticulous Research ® , the global cybersecurity market is expected to grow at a CAGR of 11.2% from 2019 to exceed $300 billion by 2027. Substantial growth in the cybersecurity market is mainly attributed to the need for strict compliances with regulatory requirements and increasing instances and complexity of security breaches due to inside and outside threats. Consistent proliferation of IoT devices, rise in malware and phishing threats, increasing cyber terrorism, emergence of disruptive digital technologies and BYOD trend among organizations are few of the major factors driving the overal

  In terms of volume, this market is expected to grow at a CAGR of 36.2% from 2021 to reach 69.3 million units by 2028. Supportive government policies and regulations, increasing investments by leading automotive OEMs, rising environmental concerns, and decreasing prices of batteries are the key factors driving the growth of the   Electric Car Market . The growing adoption of autonomous driving vehicles provide significant growth opportunities for market players in the coming years. The Impact of COVID-19 on the Electric Car Market The COVID-19 pandemic has adversely hit many economies around the globe. To control the spread of this disease and avoid the related consequences, governments across the globe have announced partial or complete lockdowns, majorly impacting many manufacturing and service industries, including electric cars. The outbreak of COVID-19 has led to disrupted supply chains, limited operations and workforce, and factory closures. This caused a severe decline in vehic