BlackBerry Ltd (NYSE:BB) recently unveiled their new security software for automobiles, the QNX Hypervisor 2.0. The software will allow the running of complex computer systems on vehicles, and make them more secure from hacking. This is done by isolating multiple systems that can be made to run on a single piece of silicon. This allows functions critical to safety to be isolated from systems that are exposed to wireless networks, in the event of a breach of a single car function.
Blackberry has reportedly struck deals with multiple automakers who will be integrating this technology into their future vehicle models. Qualcomm has also confirmed that the Hypervisor 2.0 will be compatible with its Snapdragon 820Am automotive processor. This should allow automobile makers to cut down on hardware costs and complexity.
QNX Software Systems is a subsidiary of Blackberry. They have a prominent market presence for IoT enabled car infotainment systems. Now with the Hypervisor 2.0, they are looking to expand into vehicle computer security too.
Most of us are familiar with the name “Blackberry”, even if we haven’t used a Blackberry smartphone for years now. Once one of the biggest smartphone manufacturers in the world, Blackberry’s share in the smartphone market has dwindled down to nothing in the past few years. It seems like a foregone conclusion that Blackberry may never command the smartphone industry like they once did. In the light of this, it seems like the Canadian company is looking to expand and transition into other industries.
The advancements in machine learning AI, and computing hardware has led to the coming together of the automotive and technology industry in pursuit of self-driving cars. This is a very fast growing and lucrative market, with major players such as Google and Tesla also involved. According to Statista, the market size for fully or partially autonomous cars will be a combined $42 billion by 2025. What’s more is analysts at Canalys claim that 15% of passenger cars sold worldwide in 2025 will be autonomous vehicles. This is only the tip of the iceberg. A recent study also reveals that driver-less vehicles will stimulate nearly $7 trillion worth of economic activity by mid-century!
Clearly, the potential of this industry is enormous. While still nascent and in its early stages, driverless cars promise to rule automotive industry in the very near future. By redirecting their attention to the cyber security and automotive software market, a comeback is now on the cards for Blackberry. This is evident from their rising stock price, which is now at a 4 year high.