Embedded Security Market size was valued at US$ 7.22 Bn. in 2023 and the total Embedded Security revenue is expected to grow at 6.1% from 2024 to 2030, reaching nearly US$ 10.93 Bn.Embedded Security Market Overview:
When it comes to securing IoT devices from cyber security attacks, manufacturers confront many issues. Embedded security is intended to safeguard the embedded equipment and parts of an IoT device. The report explores the Embedded Security market's segments (Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Embedded Security market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Embedded Security market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Embedded Security Market Dynamics:
Incorporating payment capabilities into wearables is expected to be a major driver of the market growth. Apparel, smart glasses, jewelry, and virtual reality equipment (e. g. the Oculus Rift) are all examples of wearable tech that is changing and developing. Activity tracking, navigating, and health monitoring are just a few of the possibilities for intelligent wearable technology. Almost all of these apps, e.g. payments and smart home management, demand user consent to avoid misuse. To suit this niche in the market, embedded security solution providers are launching innovative embedded security mechanisms. STMicroelectronics for example offers reliable wearable solutions for a wide range of applications, spanning payment, transit, and contactless payments. Axis Bank and Thales Group joined together to introduce Wear N Pay, a line of cashless payment gadgets. Embedded systems' vulnerability to cyber-threats and security problems are expected to be a major restraint in the market growth. The integrity of embedded devices is one of the major concerns impeding the progress of the embedded security industry. Information kept in embedded systems including memory may be used by armed units, businesses, data centers, and healthcare facilities. As a result, it is vital to safeguard such gadgets against cyber-attacks and security breaches. Embedded devices are prone to intrusions due to abnormal security upgrades, a prolonged device lifespan, distant deployment, and vulnerability replication. As a result, the market's growth is anticipated to be limited by its vulnerability to cyber-attacks and safety breaches. A major challenge in the market growth is that semiconductors are in short supply. Semiconductors are an important part of embedded applications. The 'trade dispute' between the United States and China has disturbed the international distribution network. Tariffs and limitations were imposed upon each other by the two nations, generating demand and supply interruptions. Multiple sectors have been hit by supply chain interruptions, culminating in a semiconductor scarcity. The COVID-19 pandemic disrupted the semiconductor supply chain as well. China is a major provider of semiconductors; delivery delays caused by the aforementioned issues have impacted embedded security market growth.Embedded Security Market Segment Analysis:
By End-User, the automotive segment is expected to grow at a CAGR of 3.4% in the forecast period. Automobiles are fast becoming a huge part of the Internet of Things, connecting to the outside world via a range of wireless devices. In the future years, the sales volumes of linked automobiles are expected to outnumber regular car sales. While the enhanced connection is advantageous, it also creates a plethora of chances for digital intruders and hostile hackers to attempt to get access to the systems. As per Upstream Security's 2022 Global Automotive Cyber security data, there was a 95 percent rise in automobile security breaches from 2021 to 2022. Implementing an inbuilt firewall, safeguarding connections, validating communications, and encrypting data, that helps to preserve privacy, are all components of effective vehicle security. Moreover, the advanced driver-assistance systems that are rendering today's automobiles safer and allowing the rise of self-driving vehicles are pushing the automotive electronics sector to attain new layers of difficulty, reliability, and safety. As per Goldman Sachs, the market for ADAS is expected to grow from USD 3.1 billion in 2022 to USD 100 billion in 2029. Because of the particular requirements of these industries, complicated application-specific integrated circuits that integrate digital processing, analog, RF, and power control operations in silicon chips have been widely used. Important safety aspects are thus controlled through on-chip devices.Embedded Security Market Regional Insights:
The North American market is expected to grow at a CAGR of 5.1% in the forecast period. In recent years, government participation in embedded security has intensified due to rising concern for the safety of key infrastructure and confidential material. As a result, federal programs such as particular budget allocations and mandatory security regulations are anticipated to drive the North American embedded security industry. Siemens Intelligent Infrastructure is reshaping the American market for intelligent, adaptable architecture for current and future deployments of embedded security systems. It tackles urbanization and climate change concerns by integrating power sources, housing, and enterprises. Additionally, as per a recent IoT Analytic analysis, 55% of industrial assets in factories would be linked to a certain type of on-premise or distant data collecting system by the end of the next decade. While IT and OT have traditionally existed in different worlds, IT or OT interconnectivity is creating data security gaps in industrial firms, leaving them vulnerable to attack since these devices do not often come with well-maintained or robust integrated security protections. For example, to address such concerns, Pulse Secure and Nozomi Networks unveiled an integration in December 2022 that expands the zero-trust protection offered by the Pulse Secure Access Suite to the industrial Internet of things and Operational technologies. Meanwhile, the increased expenditure for Canadian infrastructure protection is set at nearly USD 145 million, encompassing Canada's important computer networks in the banking, communications, power, and transportation sectors, driving demand for embedded security solutions in Canada even higher. The objective of the report is to present a comprehensive analysis of the Embedded Security market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Embedded Security market dynamics, and structure by analyzing the market segments and projecting the Embedded Security market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Embedded Security market make the report investor’s guide.Embedded Security Industry Ecosystem
Embedded Security Market Scope: Inquire before buying
Global Embedded Security Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 7.22 Bn. Forecast Period 2024 to 2030 CAGR: 6.1% Market Size in 2030: US $ 10.93 Bn. Segments Covered: by Type Hardware Software Services by Application Payment Authentication Content Protection Other by End-User Automotive Healthcare Consumer Electronics Telecommunications Aerospace & Defense Other Embedded Security Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Embedded Security Market, Key Players are
1. Infineon Technologies AG 2. STMicroelectronics N.V. 3. Texas Instruments Inc. 4. McAfee, LLC 5. Microchip Technology Inc. 6. Intellias Ltd. 7. Karamba Security Ltd. 8. Samsung Electronics Co., 9. Idemia Group 10. Rambus Incorporated 11. Alx System 12. Sirin Software 13. RVL 14. Universal Frameworks 15. StarLab FAQs: 1. Which is the potential market for Embedded Security in terms of the region? Ans. The USA is the potential market for Embedded Security in terms of the region. 2. What are the challenges for new market entrants? Ans. A major challenge in the market growth is that semiconductors are in short supply. 3. What is expected to drive the growth of the Embedded Security market in the forecast period? Ans. Incorporating payment capabilities into wearables is expected to be a major driver of the market growth. 4. What was the Global Embedded Security Market size in 2023?? Ans. The Global Embedded Security Market size was USD 7.22 Billion in 2023. 5. What segments are covered in the Embedded Security Market report? Ans. The segments covered are Type, Application, End-User, and Region.
1. Embedded Security Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Embedded Security Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Key Players Benchmarking 2.4.1. Company Name 2.4.2. Business Segment 2.4.3. End-user Segment 2.4.4. Growth Rate (Y-O-Y %) 2.4.5. Revenue (2023) 2.4.6. Profit Margin 2.4.7. Market Share (%) 2.4.8. Key Development 2.5. Embedded Security Industry Ecosystem 2.5.1. Key players in the Embedded Security Industry ecosystem 2.5.2. Role and Impact of companies in the Embedded Security Industry ecosystem 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Embedded Security Market: Dynamics 3.1. Embedded Security Market Trends 3.2. Embedded Security Market Dynamics 3.2.1.1. Drivers 3.2.1.2. Restraints 3.2.1.3. Opportunities 3.2.1.4. Challenges 3.3. PORTER’s Five Forces Analysis 3.3.1. Customer Bargaining Power 3.3.2. Supplier Bargaining Power 3.3.3. Threat of New Entrants 3.3.4. Rivalry of Competitors 3.3.5. Threat of Substitute Products 3.4. PESTLE Analysis 3.5. Regulatory Landscape By Region 3.6. Key Opinion Leader Analysis for the Embedded Security Industry 3.7. Technology Trends 3.8. Revenue Shifts and New Revenue Pockets for Players in Embedded Security Market 4. Embedded Security Market: Global Market Size and Forecast By Segmentation (By Value in USD Bn) (2023-2030) 4.1. Embedded Security Market Size and Forecast, By Type(2023-2030) 4.1.1. Hardware 4.1.2. Software 4.1.3. Services 4.2. Embedded Security Market Size and Forecast, By Application(2023-2030) 4.2.1. Payment 4.2.2. Authentication 4.2.3. Content Protection 4.2.4. Other 4.3. Embedded Security Market Size and Forecast, By End-User(2023-2030) 4.3.1. Automotive 4.3.2. Healthcare 4.3.3. Consumer Electronics 4.3.4. Telecommunications 4.3.5. Aerospace & Defense 4.3.6. Other 5. North America Embedded Security Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 5.1. North America Embedded Security Market Size and Forecast, By Type(2023-2030) 5.1.1. Hardware 5.1.2. Software 5.1.3. Services 5.2. North America Embedded Security Market Size and Forecast, By Application(2023-2030) 5.2.1. Payment 5.2.2. Authentication 5.2.3. Content Protection 5.2.4. Other 5.3. North America Embedded Security Market Size and Forecast, By End-User(2023-2030) 5.3.1. Automotive 5.3.2. Healthcare 5.3.3. Consumer Electronics 5.3.4. Telecommunications 5.3.5. Aerospace & Defense 5.3.6. Other 5.4. North America Embedded Security Market Size and Forecast, By Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Embedded Security Market Size and Forecast, By Type(2023-2030) 5.4.1.1.1. Hardware 5.4.1.1.2. Software 5.4.1.1.3. Services 5.4.1.2. United States Embedded Security Market Size and Forecast, By Application(2023-2030) 5.4.1.2.1. Payment 5.4.1.2.2. Authentication 5.4.1.2.3. Content Protection 5.4.1.2.4. Other 5.4.1.3. United States Embedded Security Market Size and Forecast, By End-User(2023-2030) 5.4.1.3.1. Automotive 5.4.1.3.2. Healthcare 5.4.1.3.3. Consumer Electronics 5.4.1.3.4. Telecommunications 5.4.1.3.5. Aerospace & Defense 5.4.1.3.6. Other 5.4.2. Canada 5.4.2.1. Canada Embedded Security Market Size and Forecast, By Type(2023-2030) 5.4.2.1.1. Hardware 5.4.2.1.2. Software 5.4.2.1.3. Services 5.4.2.2. Canada Embedded Security Market Size and Forecast, By Application(2023-2030) 5.4.2.2.1. Payment 5.4.2.2.2. Authentication 5.4.2.2.3. Content Protection 5.4.2.2.4. Other 5.4.2.3. Canada Embedded Security Market Size and Forecast, By End-User(2023-2030) 5.4.2.3.1. Automotive 5.4.2.3.2. Healthcare 5.4.2.3.3. Consumer Electronics 5.4.2.3.4. Telecommunications 5.4.2.3.5. Aerospace & Defense 5.4.2.3.6. Other 5.4.3. Mexico 5.4.3.1. Mexico Embedded Security Market Size and Forecast, By Type(2023-2030) 5.4.3.1.1. Hardware 5.4.3.1.2. Software 5.4.3.1.3. Services 5.4.3.2. Mexico Embedded Security Market Size and Forecast, By Application(2023-2030) 5.4.3.2.1. Payment 5.4.3.2.2. Authentication 5.4.3.2.3. Content Protection 5.4.3.2.4. Other 5.4.3.3. Mexico Embedded Security Market Size and Forecast, By End-User(2023-2030) 5.4.3.3.1. Automotive 5.4.3.3.2. Healthcare 5.4.3.3.3. Consumer Electronics 5.4.3.3.4. Telecommunications 5.4.3.3.5. Aerospace & Defense 5.4.3.3.6. Other 6. Europe Embedded Security Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 6.1. Europe Embedded Security Market Size and Forecast, By Type(2023-2030) 6.2. Europe Embedded Security Market Size and Forecast, By Application(2023-2030) 6.3. Europe Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4. Europe Embedded Security Market Size and Forecast, By Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.1.2. United Kingdom Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.1.3. United Kingdom Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4.2. France 6.4.2.1. France Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.2.2. France Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.2.3. France Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4.3. Germany 6.4.3.1. Germany Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.3.2. Germany Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.3.3. Germany Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4.4. Italy 6.4.4.1. Italy Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.4.2. Italy Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.4.3. Italy Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4.5. Spain 6.4.5.1. Spain Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.5.2. Spain Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.5.3. Spain Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.6.2. Sweden Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.6.3. Sweden Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4.7. Austria 6.4.7.1. Austria Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.7.2. Austria Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.7.3. Austria Embedded Security Market Size and Forecast, By End-User(2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Embedded Security Market Size and Forecast, By Type(2023-2030) 6.4.8.2. Rest of Europe Embedded Security Market Size and Forecast, By Application(2023-2030) 6.4.8.3. Rest of Europe Embedded Security Market Size and Forecast, By End-User(2023-2030) 7. Asia Pacific Embedded Security Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 7.1. Asia Pacific Embedded Security Market Size and Forecast, By Type(2023-2030) 7.2. Asia Pacific Embedded Security Market Size and Forecast, By Application(2023-2030) 7.3. Asia Pacific Embedded Security Market Size and Forecast, By End-User(2023-2030) 7.4. Asia Pacific Embedded Security Market Size and Forecast, By Country (2023-2030) 7.4.1. China 7.4.1.1. China Embedded Security Market Size and Forecast, By Type(2023-2030) 7.4.1.2. China Embedded Security Market Size and Forecast, By Application(2023-2030) 7.4.1.3. China Embedded Security Market Size and Forecast, By End-User(2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Embedded Security Market Size and Forecast, By Type(2023-2030) 7.4.2.2. S Korea Embedded Security Market Size and Forecast, By Application(2023-2030) 7.4.2.3. S Korea Embedded Security Market Size and Forecast, By End-User(2023-2030) 7.4.3. Japan 7.4.3.1. Japan Embedded Security Market Size and Forecast, By Type(2023-2030) 7.4.3.2. Japan Embedded Security Market Size and Forecast, By Application(2023-2030) 7.4.3.3. Japan Embedded Security Market Size and Forecast, By End-User(2023-2030) 7.4.4. India 7.4.4.1. India Embedded Security Market Size and Forecast, By Type(2023-2030) 7.4.4.2. India Embedded Security Market Size and Forecast, By Application(2023-2030) 7.4.4.3. India Embedded Security Market Size and Forecast, By End-User(2023-2030) 7.4.5. Australia 7.4.5.1. Australia Embedded Security Market Size and Forecast, By Type(2023-2030) 7.4.5.2. Australia Embedded Security Market Size and Forecast, By Application(2023-2030) 7.4.5.3. Australia Embedded Security Market Size and Forecast, By End-User(2023-2030) 7.4.6. Rest of Asia Pacific 7.4.6.1. Rest of Asia Pacific Embedded Security Market Size and Forecast, By Type(2023-2030) 7.4.6.2. Rest of Asia Pacific Embedded Security Market Size and Forecast, By Application(2023-2030) 7.4.6.3. Rest of Asia Pacific Embedded Security Market Size and Forecast, By End-User(2023-2030) 8. South America Embedded Security Market Size and Forecast By Segmentation (By Value in USD Billion) (2023-2030) 8.1. South America Embedded Security Market Size and Forecast, By Type(2023-2030) 8.2. South America Embedded Security Market Size and Forecast, By Application(2023-2030) 8.3. South America Embedded Security Market Size and Forecast, By End-User(2023-2030) 8.4. South America Embedded Security Market Size and Forecast, By Country (2023-2030) 8.4.1. Brazil 8.4.1.1. Brazil Embedded Security Market Size and Forecast, By Type(2023-2030) 8.4.1.2. Brazil Embedded Security Market Size and Forecast, By Application(2023-2030) 8.4.1.3. Brazil Embedded Security Market Size and Forecast, By End-User(2023-2030) 8.4.2. Argentina 8.4.2.1. Argentina Embedded Security Market Size and Forecast, By Type(2023-2030) 8.4.2.2. Argentina Embedded Security Market Size and Forecast, By Application(2023-2030) 8.4.2.3. Argentina Embedded Security Market Size and Forecast, By End-User(2023-2030) 8.4.3. Rest Of South America 8.4.3.1. Rest of South America Embedded Security Market Size and Forecast, By Type(2023-2030) 8.4.3.2. Rest of South America Embedded Security Market Size and Forecast, By Application(2023-2030) 8.4.3.3. Rest of South America Embedded Security Market Size and Forecast, By End-User(2023-2030) 9. Middle East and Africa Embedded Security Market Size and Forecast By Segmentation (By Value USD Bn) (2023-2030) 9.1. Middle East and Africa Embedded Security Market Size and Forecast, By Type(2023-2030) 9.2. Middle East and Africa Embedded Security Market Size and Forecast, By Application(2023-2030) 9.3. Middle East and Africa Embedded Security Market Size and Forecast, By End-User(2023-2030) 9.4. Middle East and Africa Embedded Security Market Size and Forecast, By Country (2023-2030) 9.4.1. South Africa 9.4.1.1. South Africa Embedded Security Market Size and Forecast, By Type(2023-2030) 9.4.1.2. South Africa Embedded Security Market Size and Forecast, By Application(2023-2030) 9.4.1.3. South Africa Embedded Security Market Size and Forecast, By End-User(2023-2030) 9.4.2. GCC 9.4.2.1. GCC Embedded Security Market Size and Forecast, By Type(2023-2030) 9.4.2.2. GCC Embedded Security Market Size and Forecast, By Application(2023-2030) 9.4.2.3. GCC Embedded Security Market Size and Forecast, By End-User(2023-2030) 9.4.3. Rest Of MEA 9.4.3.1. Rest Of MEA Embedded Security Market Size and Forecast, By Type(2023-2030) 9.4.3.2. Rest Of MEA Embedded Security Market Size and Forecast, By Application(2023-2030) 9.4.3.3. Rest Of MEA Embedded Security Market Size and Forecast, By End-User(2023-2030) 10. Company Profile: Key Players 10.1. Infineon Technologies AG 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview (Total Revenue, Segment Revenue, and Regional Revenue) 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. STMicroelectronics N.V. 10.3. Texas Instruments Inc. 10.4. McAfee, LLC 10.5. Microchip Technology Inc. 10.6. Intellias Ltd. 10.7. Karamba Security Ltd. 10.8. Samsung Electronics Co., 10.9. Idemia Group 10.10. Rambus Incorporated 10.11. Alx System 10.12. Sirin Software 10.13. RVL 10.14. Universal Frameworks 10.15. StarLab 11. Key Findings 12. Analyst Recommendations 13. Embedded Security Market: Research Methodology
