Embedded Security Market Size, Share, Trends and Outlook 2023-2030

Report Overview:

Embedded Security Market is growing at a high CAGR during the forecast period 2023-2030.

Organizations incorporate embedded systems security into their designs, operations, and steadfast commitments in order to mitigate the risk associated with the devices they develop and the information they generate. Embedded device security is a responsibility that extends throughout its entire lifecycle. Embedded systems security is a method for offering protection against intrusions for embedded systems. Additionally referred to as "embedded computers," embedded systems are miniature devices that perform a particular function within a larger system.
Internet of Things (IoT) devices are examples of embedded systems. Smart home devices, such as your thermostat, refrigerator, and security system, may perform a variety of jobs. Nonetheless, it is a component of the entire home system and is connected to one another via the Internet. As malicious actors target these devices increasingly regularly, embedded systems security attempts to protect the software that runs on them.

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Market Drivers: The increasing adoption of IoT devices
The projected timeframe will see more IoT implementation. Digitally linked IoT-integrated devices are ubiquitous, including in homes, offices, and cars. The technology provides faster, better monitoring, processing, and control as needed. Pre-programmed or automated decision-making is possible. Unfortunately, IoT generates too much data, making devices vulnerable to hackers.
Developing the internet of things industry requires security. Industrial machine-to-machine network assaults have highlighted cyber-attack concerns such brand devaluation, operational interruptions, and customer relationship harm. Security needs rise as IoT devices become increasingly common throughout the predicted period.

Market Segmentation: The rising demand for electric vehicles drives the automotive segment
Automotive will lead the market throughout the projection. With more wireless technologies linking it to the outside world, the automobile is becoming an important IoT component. In the next years, connected vehicles will outsell traditional cars. Increased connectivity has benefits, but it also opens the door to criminal hackers and cyber invaders.

Market Companies:

Major global embedded security market companies include Infineon Technologies AG, STMicroelectronics N.V., Texas Instruments Inc., McAfee, LLC, Microchip Technology Inc., Intellias Ltd., Karamba Security Ltd., Samsung Electronics Co., Idemia Group and Rambus Incorporated.

By Component

• Hardware
• Software
• Services

By Application

• Payment
• Authentication
• Content Protection
• Others

By End-User

• Automotive
• Healthcare
• Consumer Electronics
• Telecommunications
• Aerospace & Defence
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Geographical Share: The rising concerns about critical infrastructure in North America
North America has a sizable portion of the worldwide embedded security market due to the biggest number of IoT and smart project deployments, which significantly increase the requirement for IoT security and the growing adoption of cloud-based technologies. For embedded security solutions across several platforms, the U.S. Embedded Security Council (ESC) provides industry insights, best practices, and educational programs.

Industry Developments:
Infineon released the SLC26P security controller for payment applications in November 2022. Based on 28 nm technology, it improves the company's supply options to provide long-term, dependable sourcing for smart cards and embedded security ICs.

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