Report Id: SNS/SEMI/1561 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Embedded Security Market Size was valued at USD 6.77 billion in 2022 and is expected to reach USD 10.88 billion by 2030, and grow at a CAGR of 6.1% over the forecast period 2023-2030.
Embedded System is a compact hardware component with built-in or attached software or operating system. The system can be found on consumer electronics, smart devices, loT devices, cars, etc. However, embedded system software is facing dangerous external attacks. Embedded Security Solutions protects embedded system software from a variety of attacks.
Incorporation of payment capabilities into wearables.
Security flaws and cyber-threats.
Growth Embedded security integration in electric vehicles.
Lack of supply of semiconductors.
IMPACT OF COVID-19:
The COVID-19 epidemic has led to the growth of a Embedded security market. The epidemic has had an impact on the market due to remote operations due to land closures around the world. Remote operation has led to an increase in cyber-attacks which necessitates the use of security equipment to protect resources from attack. This has boosted the market for embedded security devices. Key players focus on saving and generating revenue that has led to an increase in the number of developments in the embedded security market by 2021. However, the impact of the epidemic is expected to decline gradually over the forecast period.
Increasing attacks on embedded systems increase the market demand for embedded security solutions. Although, industrial automation has increased the need for Internet of Things (IoT), which has created opportunities for the adoption of loT security solutions. The demand for security solutions is growing across banks, transportation, and wearables that add to market growth. Embedded safety solutions are widely accepted in the automotive industry to prevent car theft, protect car locks, ignition, and much more. Advanced smartphones, tablets, payment cards, etc., have a large amount of shipping using a secure embedded sim and solution that is expected to further market demand.
The key players in the Global Embedded Security Market are McAfee LLC, Hitex GmbH, Infineon, NXP, Thales Group, Samsung, IDEMIA, STMicroelectronics, Qualcomm, Microchip Technology, Texas Instruments, Renesas, Broadcom Inc and Other.
Smart Identity Cards
Payment Processing and Card
North America is expected to show the highest growth in the embedded security market. North America has developed a large number of loT and smart projects that increase the need for loT security on a large scale. However, growing software attacks should be a major concern at the global level, which increases the need for security solutions. Connected devices such as smartphones, PCs, wearables, etc. officially use embedded security solutions, to protect themselves from such attacks.
Asia Pacific (APAC) represents the largest share of this market. China and Japan are at the forefront of this market due to the presence of a number of key players around the world. The increasing number of attacks on all connected mobile devices has authorized the adoption of such security solutions. In addition, the increase in the number of mobile subscriptions in the region is also driving market growth. The ongoing practice of digital production under government regulations in all developing countries increases the need for secure loT and embedded device infrastructure. As such, APAC expects to continue the growing need for embedded security.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 6.77 Billion|
|Market Size by 2030||US$ 10.88 Billion|
|CAGR||CAGR of 6.1% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by component (Hardware, Software, Services)
• by Security (Authentication, Content Protection, Payment)
• by application (Wearables, Automotive, Smart Identity Cards, Payment Processing and Card, Smartphones, Industrial, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||McAfee LLC, Hitex GmbH, Infineon, NXP, Thales Group, Samsung, IDEMIA, STMicroelectronics, Qualcomm, Microchip Technology, Texas Instruments, Renesas, Broadcom Inc and Other.|
|Key Drivers||•Incorporation of payment capabilities into wearables.|
|Restraints||• Security flaws and cyber-threats.|
Frequently Asked Questions (FAQ) :
The Embedded Security Market size was valued at 6.3 billion in 2021 at a CAGR of 6.1%.
Security flaws and caber-threats are limiting the Embedded Security Market's expansion
The key players in the Embedded Security Market are McAfee LLC, Hitex GmbH, Infineon, NXP, Thales Group, Samsung, IDEMIA, STMicroelectronics, Qualcomm, Microchip Technology, Texas Instruments, Renesas, Broadcom Inc and Other.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
18.104.22.168 United Kingdom
22.214.171.124 South Korea
126.96.36.199 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Embedded Security Market Segmentation, by Component
9. Global Embedded Security Market Segmentation, by Security
9.3 Content Protection
10. Global Embedded Security Market Segmentation, by Application
10.4 Smart Identity Cards
10.5 Payment Processing and Card
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 HITACHI LTD.
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 McAfee LLC
12.3 Hitex GmbH
12.6 Thales Group
12.11 Microchip Technology
12.12 Texas Instruments
12.14 Broadcom Inc
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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