Embedded Security Market : Fortifying the Future Global Industry Analysis and Forecast

Market Value:

The Embedded Security Market size was valued at US$ 6.81 Bn in 2022.
The total Embedded Security revenue is expected to grow at a CAGR of 6.1% from 2023 to 2029, reaching nearly US$ 10.30 Bn.

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Report Scope:

The report provides a comprehensive analysis of the Embedded Security Market, covering its segments (Type, Application, End-User, and Region). It offers a detailed understanding of the market dynamics, trends, and competitive landscape.

Research Methodology:

The report employs advanced research methodologies, including PORTER and PESTEL analysis, to provide an in-depth understanding of the market's drivers, restraints, and regional insights.

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Market Drivers:

Increasing integration of payment capabilities into wearable devices.
Growing demand for secure embedded systems across various industries, including automotive, healthcare, and data centers.
Government initiatives and regulations focused on critical infrastructure protection.

Market Restraints:

Vulnerability of embedded systems to cyber threats and security breaches.
Semiconductor shortage impacting the supply chain of embedded applications.

Regional Insights:

The North American market is expected to grow at a CAGR of 5.1% during the forecast period, driven by government participation in embedded security and growing concerns for critical infrastructure protection.
The increasing adoption of Industrial Internet of Things (IIoT) and Operational Technologies (OT) is creating data security gaps, driving the demand for embedded security solutions in the region.
Canada's increased expenditure on infrastructure protection, encompassing critical computer networks in banking, communications, power, and transportation sectors, further fuels market growth.

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Embedded Security Market Segment Analysis:

by Type

Hardware
Software
Services

by Application

Payment
Authentication
Content Protection
Other

by End-User

Automotive
Healthcare
Consumer Electronics
Telecommunications
Aerospace & Defense
Other

Throughout the projected period, the automotive segment is anticipated to increase at a CAGR of 3.4% by End-User. With a variety of wireless gadgets allowing for connectivity to the outside world, cars are quickly emerging as a major component of the Internet of Things. It is anticipated that sales volumes of connected cars will surpass those of conventional cars in the upcoming years. Although the improved link has many benefits, it also increases the opportunities for hostile hackers and digital intruders to try to access the systems. According to data from Upstream Security's 2022 Global Automotive Cybersecurity report, the number of vehicle security breaches increased by 95% between 2021 and 2022. Putting in place an integrated firewall, protecting connections, authenticating messages, and encrypting data all contribute to maintaining privacy.are all elements of successful car security.

Furthermore, the automotive electronics industry is being forced to overcome new barriers in terms of complexity, dependability, and safety by the sophisticated driver-assistance systems that are making modern cars safer and facilitating the development of self-driving cars. The ADAS industry is anticipated to increase from USD 3.1 billion in 2022 to USD 100 billion in 2029, according to Goldman Sachs. Complicated application-specific integrated circuits that combine digital computing, analog, RF, and power management operations in silicon chips have been widely used due to the unique requirements of these industries. Thus, on-chip devices are used to control critical safety elements.

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

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Table of content for the Embedded Security Market includes:

Global Embedded Security Market: Research Methodology
Global Embedded Security Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Embedded Security Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

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