By 2030, the Embedded Security Market is Anticipated to Expand at a 6.6% CAGR

Over the course of the forecast period, market growth is anticipated to be fueled by rising demand for embedded security in mobile devices and embedded security solutions for use in connected healthcare goods and services.

The market is anticipated to grow significantly over the course of the forecast period as a result of a variety of factors, including the use of embedded security systems for the upcoming generation of autonomous machines and secure embedded IOT solutions.

The adoption of embedded security in the global market would be hampered by a lack of compliance from IoT manufacturers and integrators as well as a lack of user education and awareness for embedded security during the projected period.

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Increasing Applications of Embedded Security in Automobile Sector to Spur Market Growth

Embedded security is used in various applications in the automobile sector, such as body electronics, navigation systems, steering and braking systems, traffic control and powertrain and chassis control, and mobile and e-Com access applications.

Embedded security plays a significant role in robotics for increasing reliability and performance in some special situations, such as minimizing IOT threat risks and security posture assessment.

Moreover, embedded security solutions offer different features such as immobilizer systems, greater vehicle safety, guard sensors, component identification, telematics, infotainment systems, and higher automotive reliability for automotive industry applications, as such, boosting the growth of the embedded security market.

Embedded Security for Retail, Medical, and Critical Infrastructure to Propel Sales

Secure authentication and anti-counterfeit solutions are widely used for protecting consumers and system manufacturers. These also include various features for retail, medical, and critical infrastructure, such as convenient card handling, fully-integrated one-module solutions developed for standard high-volume card manufacturing with the highest security.

The demand for embedded security solutions is increasing for threat analysis and encryption, streamlined protection, and regulatory compliance applications.

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Side-channel Attacks on Embedded System Devices Boosting Demand for Embedded Security

Side-channel attacks extract processed data from a chip or a system, and use them to deduce sensitive information such as cryptographic keys, and messages, among others. An embedded security system implements multiple kinds of security in side channel analysis to identify potential embedded security threats.

It also implements security features for systems-engineering levels that are effective in preventing hackers from interacting with the software. Side-channel attacks can be varied for users, service providers, and manufacturers.

Embedded security solutions are capable of handling many functions, such as conducting end-to-end threat analysis, design and test for security, security testing, securing applications, and real-time computing data, which makes them ideal for use in a variety of applications. These factors are anticipated to contribute to the growth of the embedded security market in the coming years.

South Asia & Pacific Region to Offer Lucrative Growth Opportunities

The embedded security market is witnessing rapid growth in the South Asia & Pacific region, due to increasing adoption of mobile and connected devices.

Embedded security market providers are striving to expand their operations in India, ASEAN Countries, and Australia, to unlock new growth avenues, attributable to the growing demand for consumer electronics and vast expansion of electronic industries in these countries.

Embedded Security Market - Competition Landscape

Introduction of new products and collaborations & partnerships are key strategies followed by top players in the embedded security market to increase their business revenue. Embedded security manufacturers and service providers are focusing on innovation in products/services to improve their market positions.

Some leading players in the embedded security market are Advantech Co., Ltd., Infineon Technologies AG, NXP Semiconductors, Broadcom Inc., and Microchip Technology Inc., and Texas Instrument.

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Analysts' Viewpoint

Over the last few years, manufacturers have been focusing secure embedded IOT solutions for simplifying the process of connecting embedded systems with cloud-based services, by reducing underlying hardware complexities.

This is creating significant growth opportunities for players in the embedded security market. Among other regions, North America is the most prominent region, and holds a market share of more than 30% in the global embedded security market.

Embedded Security Market: Segmentation

PMR's report on the global embedded security market offers detailed market segmentation, wherein, key segments have been discussed in detail. This report by PMR carefully examines the embedded security market at a global as well as regional level, through market segmentation on the basis of multiple parameters such as component, application, industry, and region.

Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the report.

Component
Hardware
Embedded Security Tokens
Hardware Security Modules
Trusted Platform Modules
Other Security Modules (Embedded Sims)
Embedded Security Software
Services
System Integration
Security Consulting

Application
Payment
Authentication
Content Protection

Industry
Automotive
Healthcare
Consumer Electronics
Telecommunications
Aerospace & Defense
Others

Region
North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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Expert analysis, actionable insights, and strategic recommendations - the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.

This release was published on openPR.