Press release
Embedded Security Market to Reach USD 10.93 Bn by 2030, Growing at 6.1% CAGR!
Embedded Security Market
The global embedded security market is experiencing consistent expansion, driven by the increasing integration of security solutions in IoT devices and the growing need to protect sensitive data across various industries. Valued at approximately USD 7.22 billion in 2023, the market is projected to reach nearly USD 10.93 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period.
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Competitive Landscape
The embedded security industry is characterized by a mix of prominent global players. Leading companies such as STMicroelectronics, NXP Semiconductors, Infineon Technologies, and Thales Group are at the forefront, continually innovating to meet the evolving demands of securing embedded systems. These companies invest heavily in research and development, marketing, and expanding their distribution networks to maintain a competitive edge.
Regional Demand Highlights
North America holds a dominant position in the embedded security market, accounting for a significant share of global revenue. This dominance is attributed to the region's advanced technological infrastructure and the presence of major market players. The United States, in particular, contributes substantially to this leadership.
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Segmentation Analysis
by Type
Hardware
Software
Services
by Application
Payment
Authentication
Content Protection
Other
by End-User
Automotive
Healthcare
Consumer Electronics
Telecommunications
Aerospace & Defense
Other
Over the course of the projected period, the automotive segment is anticipated to rise at a CAGR of 3.4%. With a variety of wireless gadgets connecting them to the outside world, cars are quickly becoming an important component of the Internet of Things. It is anticipated that the sales volumes of connected cars would surpass those of ordinary cars in the upcoming years. Although the improved connection is beneficial, it also opens up several opportunities for hostile hackers and digital intruders to try to access the systems.
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Key Market Participants:
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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