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Embedded Security For Internet Of Things Market Expected to Expand at a Steady CAGR through 2026

03-21-2017 01:30 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

Embedded Security For Internet Of Things Market Expected

IoT is an abbreviation for Internet of Things. IoT is going to be an integral part of life by extending the communication and networking anytime, anywhere. Security requirements for IoT will definitely underline the importance of properly formulated, implemented, and enforced security policies throughout their life-cycle. IoT consist of billions of digital devices, people, services and other physical objects having the potential to seamlessly connect, interact and exchange information about themselves and their environment. It will make our lives simpler through a digital environment that will be adaptive, sensitive, and responsive to the human needs. It will combine the power of universal network connectivity with sensors, embedded systems and actuators in the physical world. IoT will add an enormous range of new industrial opportunities to the software and hardware markets. Due to manifold aspects that are involved, security for IoT is a critical concern that needs to be addressed in order to enable several current and future applications. Day by day the threat of security attacks on embedded device is increasing. Major security concerns for IoT includes secure content, identity management, user identification, tamper resistance, secure execution environment, secure data communication, secure storage.

Embedded security for IoT will be crucial and important with strong security mechanisms which will prevent damages and economical losses offering new business opportunities. However, sound security solutions are not attained easily. There are many challenges that should be addressed. A sound solution considers the security from the beginning i.e. from design to implementation level,so as to detect the vulnerabilities from the beginning till the end of the system.

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Embedded Security for Internet of Things Market: Drivers & Restraints

Key factors driving the growth of the embedded security for internet of things market are commercialization of the internet, increasing dependency on intelligent, interconnected devices in our day to day life, increasing purchasing power parity and rising urbanization.

Security is resource consuming and if low power embedded device is used, it can be a big challenge because the computation power available in IoT is limited and may be insufficient for the processing of security algorithms. Storage limitation, increasing heterogeneity with developing applications, expensive cryptography which thus makes security impossible for resource constrained devices; are major restraints posing serious challenges to the embedded security for internet of things market.

Embedded Security for Internet of Things Market: Segmentation

On the basis of end-use industry, the global embedded security for internet of things market is segmented into

Consumer
Medical
Automotive
On the basis of application, the global embedded security for internet of things market is segmented into

Communication infrastructure equipment
Transportation systems
Satellite communications
Industrial control devices
Embedded Security for Internet of Things Market: Overview

With rapid technological advancement and increasing digitization rate the global embedded security for internet of things market is expected to expand at healthy CAGR during the forecast period (2016-2026).

Embedded Security for Internet of Things Market: Region-wise Outlook

The global embedded security for internet of things market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global embedded security for internet of things market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2016, North America, and Western Europe dominated the global embedded security for internet of things market in terms of market revenue. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global Embedded Security for Internet of Things market value exhibiting a robust CAGR during the forecast period, 2016?2026.

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Embedded Security for Internet of Things Market: Key Players

Some of the key market players in global embedded security for internet of things market are Gartner Inc. , Wind River, Icon Labs.

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

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