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Global Embedded Security Market by Offering (Hardware (Secure Element, Embedded Sim, Hardware Token), Software, Services), Security Type (Authentication & Access Management, Payment, Content Protection), Application, and Region - Forecast to 2028

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    Report

  • 269 Pages
  • August 2023
  • Region: Global
  • Markets and Markets
  • ID: 4427171
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Growing IoT Applications Would Increase Need for IoT Security, Thereby Driving Growth of Embedded Security Market During Forecast Period

The global embedded security market has been estimated to be valued at USD 7.4 billion in 2023 and is projected to reach USD 9.8 billion by 2028; growing at a CAGR of 5.7% from 2023 to 2028. The growing implementation of IoT in various applications is a significant catalyst for expanding the embedded security market. With a higher number of devices becoming interconnected online, they become susceptible to cyber threats. Embedded security hardware serves as a shield to safeguard these devices from potential attacks. Similarly, the rising acceptance of generative AI plays a pivotal role in driving the embedded security market. Generative AI is harnessed to fabricate deceptive content like images, videos, and audio, which can be weaponized against embedded devices. Embedded security hardware emerges as a crucial defense mechanism to identify and thwart these detrimental attacks.

Based on application, the smartphone segment likely to account for the second largest share in the embedded security market during the forecast period

The higher demand for embedded security systems in smartphones is driven by factors including increased connectivity, the need to protect personal data and facilitate secure mobile payments, app security against malicious software, IoT integration, biometric authentication, corporate use, regulatory compliance, device theft protection, growing user awareness of cybersecurity, the evolving threat landscape, and market competition, all of which emphasize the importance of safeguarding sensitive information and ensuring device integrity.

Secure element, and trusted platform modules hardware components to account for the largest market share between 2023 and 2028

Secure elements, and trusted platform modules hardware components likely to account for a significant market share in the overall hardware segment of the embedded security market during the forecast period. A secure element is a tamper-resistant platform capable of securely hosting applications and their confidential and cryptographic data in accordance with the rules and security requirements. The presence of a secure element is essential to the deployment of value-added services (VAS). Authentication, signatures, identification, and PIN management are all central to the deployment of VAS, and therefore, all require a protected environment for secure operations.

Trusted platform modules (TPMs) are a special type of smart card-based security controller. The security functionality of TPMs is defined by the Trusted Computing Group (TCG) standardization body. TPMs are widely used in computers, automotive, and industries. In automotive, almost all functions in a vehicle are managed by an electronic control unit (ECU). However, these minicomputers are being hacked increasingly. The growing use of devices such as laptops, tablets, and mobile phones worldwide is driving demand for trusted platform modules. This industry is experiencing increased demand due to the growing demand for trusted platform modules in cloud computing.

China likely to dominate the embedded security market in Asia-Pacific by 2028

China's supremacy in embedded security products can be credited to several key factors. These include its strong manufacturing capabilities, enabling cost-effective production of electronic components like embedded security hardware, and its substantial domestic market demand, which fuels innovation and investment in security solutions. Government backing through policies and incentives for the tech and cybersecurity sectors further propels the growth of Chinese embedded security firms. The country's rapid technological strides, particularly in fields like 5G, IoT, and AI, intersect closely with embedded security, bolstering its global leadership. As China strives for global tech preeminence, it directs resources towards research, development, and innovation, fortifying its ability to produce cutting-edge embedded security solutions.

The breakup of primaries conducted during the study is depicted below:

  • By Company Type: Tier 1 - 20 %, Tier 2 - 55%, and Tier 3 - 25%
  • By Designation: C-Level Executives - 50%, Directors - 25%, and Others - 25%
  • By Region: North America - 60%, Europe - 20%, APAC - 10%, and Rest of the World - 10%

Research Coverage

The report segments the embedded security market based on region (North America, Europe, Asia-Pacific, and RoW), application (wearables, smartphones, automotive, smart identity cards, industrial, payment processing, and card and others), security type (authentication and access management, payment, content protection), and offering (hardware, software, and services). The report comprehensively reviews market drivers, restraints, opportunities, and challenges in the embedded security market. The report also consists of leadership mapping and analysis of all the companies in the embedded security ecosystem. Additionally, the report covers the impact of the recession on the global embedded security ecosystem and on different regions.

Key Benefits of Buying This Report

  • The report will help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall embedded security market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
  • Analysis of key drivers (growing IoT applications would increase need for embedded security, inclusion of payments functionality in wearables, growing adoption of generative AI in various applications, government agencies promoting digitization, increase in data breaches and cyberattacks, increased demand for embedded security in electric and hybrid vehicles, intensifying need to secure digital crypto-based transactions), restraints (non-adherence to government regulations due to lack of auditing, susceptibility of embedded systems to cyber-threats and security breaches, costs associated with hardware security modules, strong inclination of customers toward adoption of hardware security modules on rental basis), opportunities (integration of embedded security in electric vehicles, need for integrated security solutions for IoT paired with advent of smart cities, growing adoption of embedded systems in healthcare systems, introduction of 5G and development of 5G-enabled embedded devices), and challenges (lack of awareness regarding safety and low-security budget, high energy consumption associated with compact embedded systems, complexities involved in designing embedded systems, shortage in supply of semiconductors) influencing the growth of the embedded security market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the embedded security market.
  •  Market Development: Comprehensive information about lucrative markets - the report analyses the embedded security market across varied regions.
  •  Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the embedded security market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Infineon Technologies AG (Germany), STMicroelectronics (Switzerland ), NXP Semiconductor (Netherlands), Texas Instruments Incorporated (US), Qualcomm Technologies, Inc. (US), Renesas Electronics Corporation (Japan), Thales (France), Microchip Technology Inc. (US), Samsung (South Korea), and IDEMIA (France) among others in the embedded security market strategies.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Embedded Security Market Segmentation
1.3.2 Regional Scope
1.3.3 Years Considered
1.4 Currency Considered
1.5 Limitations
1.6 Stakeholders
1.7 Summary of Changes
1.7.1 Recession Impact on Embedded Security Market
2 Research Methodology
2.1 Research Data
Figure 2 Embedded Security Market: Research Design
2.1.1 Secondary and Primary Research
2.1.2 Secondary Data
2.1.2.1 List of Major Secondary Sources
2.1.2.2 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Interviews with Experts
2.1.3.2 Primary Sources
2.1.3.3 Key Industry Insights
2.1.3.4 Breakdown of Primaries
2.2 Market Size Estimation
Figure 3 Embedded Security Market: Process Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Approach (Supply Side, by Offering)
Figure 5 Market Size Estimation Methodology: Approach (Supply Side, by Key Players)
Figure 6 Market Size Estimation Methodology: Approach (Demand Side - Bottom-Up Analysis, by Application)
2.2.1 Bottom-Up Approach
2.2.1.1 Approach to Estimate Market Size Using Bottom-Up Analysis (Demand Side)
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach to Estimate Market Size Using Top-Down Analysis (Supply Side)
Figure 8 Market Size Estimation Methodology: Top-Down Approach
2.3 Market Breakdown and Data Triangulation
Figure 9 Data Triangulation
2.4 Risk Assessment
Table 1 Embedded Security Market: Risk Assessment
2.5 Research Assumptions
Figure 10 Embedded Security Market: Research Assumptions
2.6 Limitations
Figure 11 Embedded Security Market: Limitations
2.7 Impact of Recession on Embedded Security Market
3 Executive Summary
Figure 12 Embedded Security Market, 2019-2028 (USD Million)
Figure 13 Payments Segment to Account for Largest Share of Embedded Security Market in 2028
Figure 14 Smart Identity Cards Segment to Lead Embedded Security Market from 2023 to 2028
Figure 15 Services Segment to Register Highest CAGR During Forecast Period
Figure 16 Asia-Pacific to be Fastest-Growing Embedded Security Market During Forecast Period
4 Premium Insights
4.1 Attractive Opportunities for Players in Global Embedded Security Market
Figure 17 Increased Need for Cybersecurity due to Growing IoT Applications to Drive Market During Forecast Period
4.2 Embedded Security Market, by Offering
Figure 18 Software Segment to Account for Largest Share of Embedded Security Market in 2028
4.3 Embedded Security Market, by Security Type
Figure 19 Payments Segment to Hold Largest Share of Embedded Security Market in 2028
4.4 Embedded Security Market, by Application
Figure 20 Smart Identity Cards Segment to Dominate Market During Forecast Period
4.5 Embedded Security Market, by Region
Figure 21 Asia-Pacific to Lead Embedded Security Market During Forecast Period
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 22 Embedded Security Market: Drivers, Restraints, Opportunities and Challenges
5.2.1 Drivers
5.2.1.1 Growing IoT Applications
5.2.1.2 Inclusion of Payments Functionality in Wearables
5.2.1.3 Growing Adoption of Generative AI in Various Applications
5.2.1.4 Digitalization Initiatives by Governments Worldwide
5.2.1.5 Increase in Data Breaches and Cyberattacks
5.2.1.6 Rising Demand for Robust Security Solutions for Electric and Hybrid Vehicles
5.2.1.7 Need for More Secure Crypto-based Transactions
5.2.2 Restraints
5.2.2.1 Non-Compliance with Government Regulations due to Lack of Auditing
5.2.2.2 Susceptibility of Embedded Systems to Cyberthreats and Security Breaches
5.2.2.3 Inclination of Customers Toward Renting Hardware Security Modules
5.2.3 Opportunities
5.2.3.1 Integration of Embedded Security in Electric Vehicles
5.2.3.2 Growing Importance of IoT Security in Development of Smart Cities
5.2.3.3 Growing Adoption of Embedded Security in Healthcare Systems
5.2.3.4 Emergence of 5G and Advancements in 5G-Enabled Embedded Devices
5.2.4 Challenges
5.2.4.1 Lack of Safety Awareness Regarding Embedded Systems and Limited Security Budget
5.2.4.2 High Energy Consumption Associated with Compact Embedded Systems
5.2.4.3 Designing Complexities Associated with Embedded Systems
5.2.4.4 Shortage in Supply of Semiconductors
5.3 Value Chain Analysis
Figure 23 Embedded Security Market: Value Chain Analysis
5.4 Ecosystem Mapping
Table 2 Participants and Their Role in Ecosystem
Figure 24 Participants in Embedded Security Ecosystem
5.5 Revenue Shifts and New Revenue Pockets for Players in Embedded Security Market
Figure 25 Trends and Disruptions Impacting Customer Business
5.6 Technology Trends
5.6.1 Growing Emphasis on Automobile Security
5.6.2 Increasing Contactless Payment
5.6.3 Rising Use of Wearables
5.6.4 Increasing Number of IoT Devices
5.6.5 Emergence of 5G
5.7 Pricing Analysis
Table 3 Indicative Pricing Analysis of Embedded Security Hardware Components
5.8 Porter's Five Forces Analysis
Table 4 Embedded Security Market: Porter's Five Forces Analysis, 2022
Figure 26 Embedded Security Market: Porter's Five Forces Analysis
Figure 27 Embedded Security Market: Impact Analysis of Porter's Five Forces
5.8.1 Bargaining Power of Suppliers
5.8.2 Bargaining Power of Buyers
5.8.3 Threat of New Entrants
5.8.4 Threat of Substitutes
5.8.5 Intensity of Competitive Rivalry
5.9 Case Study Analysis
Table 5 Embedded Security Strengthened Data Protection of Medical Testing Equipment
Table 6 Garuda Indonesia Developed Corporate Mobility Management System to Work on Electronic Flight Bags for Pilots
Table 7 US-based Financial Services Company Created Public Key Infrastructure Inventory Using Venafi Platform
Table 8 Kaspersky Lab and Be.Services GmbH Developed Embedded Security Shield to Safeguard Industrial Control Systems
Table 9 Healthcare Organization Protected Employee Safety and Security with Washable, RFID-Embedded Keyboard
5.10 Trade Analysis
5.10.1 Export Scenario for HS Code 8471, by Country, 2018-2022
Table 10 Export Data for Automatic Data Processing Machines for HS Code 8471, by Country, 2018-2022 (USD Billion)
Figure 28 Export Scenario for Automatic Data Processing Machines for HS Code 8471, by Country, 2018-2022 (USD Billion)
5.10.2 Import Scenario for HS Code 8471, by Country, 2018-2022
Table 11 Import Data for Automatic Data Processing Machines for HS Code 8471, by Country, 2018-2022 (USD Billion)
Figure 29 Import Scenario for Automatic Data Processing Machines for HS Code 8471, by Country, 2018-2022 (USD Billion)
5.11 Patent Analysis
Figure 30 Number of Patents Granted Per Year, 2013-2022
Table 12 Top 10 Patent Owners in Embedded Security Market
Figure 31 Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
5.11.1 List of Major Patents, 2019-2023
Table 13 Embedded Security Market: Patent Registrations, 2019-2023
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 32 Influence of Stakeholders on Buying Process, by Offering
Table 14 Influence of Stakeholders on Buying Process, by Offering (%)
5.12.2 Buying Criteria
Figure 33 Key Buying Criteria for Offerings
Table 15 Key Buying Criteria, by Offering
5.13 Key Conferences and Events, 2023-2024
Table 16 Embedded Security Market: List of Conferences and Events
5.14 Tariffs and Regulatory Landscape
5.14.1 Tariffs
5.14.2 Regulatory Bodies, Government Agencies, and Other Organizations
5.14.2.1 North America
5.14.2.2 Europe
5.14.2.3 Asia-Pacific
5.14.2.4 RoW
5.14.3 Standards
Table 17 Base Standards for Information Security
Table 18 European Telecommunications Standards Institute: Standards
5.14.4 Regulations
5.14.4.1 Global
5.14.4.2 North America
5.14.4.3 Europe
5.14.4.4 Asia-Pacific
6 Embedded Security Market, by Security Type
6.1 Introduction
Figure 34 Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 19 Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 20 Embedded Security Market, by Security Type, 2023-2028 (USD Million)
6.2 Authentication & Access Management
6.2.1 Ability to Block Unauthorized Users from Accessing Devices to Generate Demand for Authentication & Access Management
Table 21 Authentication & Access Management: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 22 Authentication & Access Management: Embedded Security Market, by Region, 2023-2028 (USD Million)
6.3 Payments
6.3.1 Need to Ensure Secure Transactions and Protect Sensitive Consumer Data to Fuel Demand for Payment Security
Table 23 Payment: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 24 Payment: Embedded Security Market, by Region, 2023-2028 (USD Million)
6.4 Content Protection
6.4.1 Need to Protect Sensitive Organizational Data from Fraudulent Activities and Privacy Breaches to Drive Market for Content Protection
Table 25 Content Protection: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 26 Content Protection: Embedded Security Market, by Region, 2023-2028 (USD Million)
7 Embedded Security Market, by Offering
7.1 Introduction
Figure 35 Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 27 Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 28 Embedded Security Market, by Offering, 2023-2028 (USD Million)
7.2 Hardware
Table 29 Hardware: Embedded Security Market, by Product, 2019-2022 (USD Million)
Table 30 Hardware: Embedded Security Market, by Product, 2023-2028 (USD Million)
Table 31 Hardware: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 32 Hardware: Embedded Security Market, by Region, 2023-2028 (USD Million)
7.2.1 Secure Elements
7.2.1.1 Extensive Use of Secure Elements in e-Government Applications such as e-Passports and Smart Identity Cards to Drive Market
7.2.2 Embedded Sim
7.2.2.1 Increasing Machine-to-Machine Connections Globally to Propel Market
7.2.3 Trusted Platform Modules
7.2.3.1 Increasing Number of Cybersecurity Attacks to Fuel Market Growth
7.2.4 Hardware Security Modules
7.2.4.1 Rising Need for Information and Data Security to Drive Market
7.2.5 Hardware Tokens
7.2.5.1 Rising Demand for Secure Internet-based Transactions to Propel Market
7.3 Software
Table 33 Software: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 34 Software: Embedded Security Market, by Region, 2023-2028 (USD Million)
7.3.1 Firewalls
7.3.1.1 Need to Prevent Unauthorized Computer and Network Access to Boost Adoption of Firewalls
7.3.2 Antivirus
7.3.2.1 Potential to Address Post-Firewall Intrusions and Mitigate Advanced Threats to Contribute to Market Growth
7.3.3 Antispyware
7.3.3.1 Utilization in Monitoring and Detecting Unauthorized Communications to Propel Market
7.3.4 Network Security
7.3.4.1 Higher Cost-Efficiency of Implementing Security at Network Level to Boost Market
7.4 Services
Table 35 Services: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 36 Services: Embedded Security Market, by Region, 2023-2028 (USD Million)
7.4.1 System Integration Services
7.4.1.1 Increasing Emphasis on Enhancing Quality of Business Operations to Propel Market
7.4.2 Support and Maintenance Services
7.4.2.1 Increased Technological Complexities to Fuel Demand for Support and Maintenance Services
7.4.3 Security Consulting
7.4.3.1 Focus on Enhancing Effectiveness of Business and IT Processes to Boost Demand for Security Consulting
8 Embedded Security Market, by Application
8.1 Introduction
Figure 36 Embedded Security Market, by Application, 2023-2028 (USD Million)
Table 37 Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 38 Embedded Security Market, by Application, 2023-2028 (USD Million)
8.2 Wearables
8.2.1 Rising Integration of Wearable Devices with Digital Wallets to Increase Demand for Embedded Security
Table 39 Wearables: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 40 Wearables: Embedded Security Market, by Region, 2023-2028 (USD Million)
8.3 Smartphones
8.3.1 Surge in Mobile Payments to Necessitate Adoption of Embedded Security
Table 41 Smartphones: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 42 Smartphones: Embedded Security Market, by Region, 2023-2028 (USD Million)
8.4 Automotive
8.4.1 Growing Demand for Connected Cars to Boost Market
Table 43 Automotive: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 44 Automotive: Embedded Security Market, by Region, 2023-2028 (USD Million)
8.5 Smart Identity Cards
8.5.1 Emergence of Multi-Application Smart Cards for Shared Storage and Information Processing to Foster Market Growth
Table 45 Smart Identity Cards: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 46 Smart Identity Cards: Embedded Security Market, by Region, 2023-2028 (USD Million)
8.6 Industrial
8.6.1 Rising Integration of IoT with Industrial Systems to Support Market Growth
Table 47 Industrial: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 48 Industrial: Embedded Security Market, by Region, 2023-2028 (USD Million)
8.7 Payment Processing & Cards
8.7.1 Increasing e-Commerce Sales and Growing Internet Penetration to Spur Market Growth
Table 49 Payment Processing & Cards: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 50 Payment Processing & Cards: Embedded Security Market, by Region, 2023-2028 (USD Million)
8.8 Others
Table 51 Others: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 52 Others: Embedded Security Market, by Region, 2023-2028 (USD Million)
9 Embedded Security Market, by Region
9.1 Introduction
Figure 37 Embedded Security Market, by Country
Table 53 Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 54 Embedded Security Market, by Region, 2023-2028 (USD Million)
9.2 North America
Figure 38 North America: Embedded Security Market Snapshot
9.2.1 Recession Impact on Embedded Security Market in North America
Figure 39 North America: Recession Impact Analysis, 2019-2028
Table 55 North America: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 56 North America: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 57 North America: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 58 North America: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 59 North America: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 60 North America: Embedded Security Market, by Application, 2023-2028 (USD Million)
Table 61 North America: Embedded Security Market, by Country, 2019-2022 (USD Million)
Table 62 North America: Embedded Security Market, by Country, 2023-2028 (USD Million)
9.2.2 US
9.2.2.1 Rising Cost Burden of Data Breaches to Fuel Demand for Embedded Security
Table 63 US: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 64 US: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 65 US: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 66 US: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 67 US: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 68 US: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.2.3 Canada
9.2.3.1 Rapid Advancements in Next-Generation Digital Technologies to Foster Market Growth
Table 69 Canada: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 70 Canada: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 71 Canada: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 72 Canada: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 73 Canada: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 74 Canada: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.2.4 Mexico
9.2.4.1 Rising Adoption of Wireless Connectivity Technologies to Contribute to Market Growth
Table 75 Mexico: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 76 Mexico: Embedded Security Market, by Security Type, 2023-2028 (USD Million
Table 77 Mexico: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 78 Mexico: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 79 Mexico: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 80 Mexico: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.3 Europe
Figure 40 Europe: Embedded Security Market Snapshot
9.3.1 Recession Impact on Embedded Security Market in Europe
Figure 41 Europe: Recession Impact Analysis, 2019-2028
Table 81 Europe: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 82 Europe: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 83 Europe: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 84 Europe: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 85 Europe: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 86 Europe: Embedded Security Market, by Application, 2023-2028 (USD Million)
Table 87 Europe: Embedded Security Market, by Country, 2019-2022 (USD Million)
Table 88 Europe: Embedded Security Market, by Country, 2023-2028 (USD Million)
9.3.2 UK
9.3.2.1 Sharp Increase in Cyberattacks to Boost Demand for Embedded Security Systems
Table 89 UK: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 90 UK: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 91 UK: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 92 UK: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 93 UK: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 94 UK: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.3.3 Germany
9.3.3.1 Rising Government Investments in Security Projects to Fuel Market Growth
Table 95 Germany: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 96 Germany: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 97 Germany: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 98 Germany: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 99 Germany: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 100 Germany: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.3.4 France
9.3.4.1 Increasing Initiatives to Boost Cybersecurity to Accelerate Market Growth
Table 101 France: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 102 France: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 103 France: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 104 France: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 105 France: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 106 France: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.3.5 Rest of Europe
Table 107 Rest of Europe: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 108 Rest of Europe: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 109 Rest of Europe: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 110 Rest of Europe: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 111 Rest of Europe: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 112 Rest of Europe: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.4 Asia-Pacific
Figure 42 Asia-Pacific: Embedded Security Market Snapshot
9.4.1 Recession Impact on Embedded Security Market in Asia-Pacific
Figure 43 Asia-Pacific: Recession Impact Analysis, 2019-2028
Table 113 Asia-Pacific: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 114 Asia-Pacific: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 115 Asia-Pacific: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 116 Asia-Pacific: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 117 Asia-Pacific: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 118 Asia-Pacific: Embedded Security Market, by Application, 2023-2028 (USD Million)
Table 119 Asia-Pacific: Embedded Security Market, by Country, 2019-2022 (USD Million)
Table 120 Asia-Pacific: Embedded Security Market, by Country, 2023-2028 (USD Million)
9.4.2 China
9.4.2.1 Enforcement of Data Management and Security Laws to Boost Market Growth
Table 121 China: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 122 China: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 123 China: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 124 China: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 125 China: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 126 China: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.4.3 South Korea
9.4.3.1 5G Implementation to Boost Demand for Embedded Security Solutions
Table 127 South Korea: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 128 South Korea: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 129 South Korea: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 130 South Korea: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 131 South Korea: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 132 South Korea: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.4.4 Japan
9.4.4.1 Government Focus on Strengthening Cybersecurity Capabilities to Boost Market Growth
Table 133 Japan: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 134 Japan: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 135 Japan: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 136 Japan: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 137 Japan: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 138 Japan: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.4.5 Rest of Asia-Pacific
Table 139 Rest of Asia-Pacific: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 140 Rest of Asia-Pacific: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 141 Rest of Asia-Pacific: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 142 Rest of Asia-Pacific: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 143 Rest of Asia-Pacific: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 144 Rest of Asia-Pacific: Embedded Security Market, by Application, 2023-2028 (USD Million)
9.5 RoW
9.5.1 Recession Impact on Embedded Security Market in RoW
Figure 44 RoW: Recession Impact Analysis, 2019-2028
Table 145 RoW: Embedded Security Market, by Security Type, 2019-2022 (USD Million)
Table 146 RoW: Embedded Security Market, by Security Type, 2023-2028 (USD Million)
Table 147 RoW: Embedded Security Market, by Offering, 2019-2022 (USD Million)
Table 148 RoW: Embedded Security Market, by Offering, 2023-2028 (USD Million)
Table 149 RoW: Embedded Security Market, by Application, 2019-2022 (USD Million)
Table 150 RoW: Embedded Security Market, by Application, 2023-2028 (USD Million)
Table 151 RoW: Embedded Security Market, by Region, 2019-2022 (USD Million)
Table 152 RoW: Embedded Security Market, by Region, 2023-2028 (USD Million)
9.5.2 Middle East & Africa
9.5.2.1 Rising Focus on Ensuring Cyber Resilience in Oil & Gas Sector to Boost Market
9.5.3 Latin America
9.5.3.1 Increasing Investment in Transportation and Energy Infrastructure to Propel Market
10 Competitive Landscape
10.1 Introduction
10.2 Strategies Adopted by Key Players, 2020-2023
Table 153 Overview of Strategies Adopted by Key Players, 2020-2023
10.3 Revenue Analysis of Key Players, 2018-2022
Figure 45 5-Year Revenue Analysis of Key Players in Embedded Security Market
10.4 Market Share Analysis, 2022
Table 154 Embedded Security Market: Degree of Competition
Figure 46 Market Share Analysis, 2022
10.5 Key Company Evaluation Matrix, 2022
10.5.1 Stars
10.5.2 Pervasive Players
10.5.3 Emerging Leaders
10.5.4 Participants
Figure 47 Embedded Security Market: Key Company Evaluation Matrix, 2022
10.6 Competitive Benchmarking of Key Players
Table 155 Overall Company Footprint
Table 156 Company Footprint, by Application
Table 157 Company Footprint, by Offering
Table 158 Company Footprint, by Region
10.7 Small and Medium-Sized Enterprises (SMEs)/Startups Evaluation Matrix, 2022
10.7.1 Progressive Companies
10.7.2 Responsive Companies
10.7.3 Dynamic Companies
10.7.4 Starting Blocks
Figure 48 Embedded Security Market: SMEs/Startups Evaluation Matrix, 2022
10.8 Competitive Scenarios and Trends
10.8.1 Product Launches
Table 159 Embedded Security Market: Product Launches and Developments, 2021-2023
10.8.2 Deals
Table 160 Embedded Security Market: Deals, 2021-2023
10.9 Competitive Benchmarking of Startups/SMEs
Table 161 Embedded Security Market: List of Key Startups/SMEs
Table 162 Embedded Security Market: Competitive Benchmarking of Key Startups/SMEs
11 Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 Introduction
11.2 Key Players
11.2.1 Infineon Technologies AG
Table 163 Infineon Technologies AG: Company Overview
Figure 49 Infineon Technologies AG: Company Snapshot
Table 164 Infineon Technologies AG: Products/Solutions/Services Offered
Table 165 Infineon Technologies AG: Product Launches
Table 166 Infineon Technologies AG: Deals
Table 167 Infineon Technologies AG: Others
11.2.2 STMicroelectronics
Table 168 STMicroelectronics: Company Overview
Figure 50 STMicroelectronics: Company Snapshot
Table 169 STMicroelectronics: Products/Solutions/Services Offered
Table 170 STMicroelectronics: Product Launches
Table 171 STMicroelectronics: Deals
11.2.3 NXP Semiconductors
Table 172 NXP Semiconductors: Company Overview
Figure 51 NXP Semiconductors: Company Snapshot
Table 173 NXP Semiconductors: Products/Solutions/Services Offered
Table 174 NXP Semiconductors: Product Launches
Table 175 NXP Semiconductors: Deals
11.2.4 Texas Instruments Incorporated
Table 176 Texas Instruments Incorporated: Company Overview
Figure 52 Texas Instruments Incorporated: Company Snapshot
Table 177 Texas Instruments Incorporated: Products/Solutions/Services Offered
Table 178 Texas Instruments Incorporated: Product Launches
Table 179 Texas Instruments Incorporated: Deals
Table 180 Texas Instruments Incorporated: Others
11.2.5 Qualcomm Technologies, Inc.
Table 181 Qualcomm Technologies, Inc.: Company Overview
Figure 53 Qualcomm Technologies, Inc.: Company Snapshot
Table 182 Qualcomm Technologies, Inc.: Products/Solutions/Services Offered
Table 183 Qualcomm Technologies, Inc.: Product Launches
Table 184 Qualcomm Technologies, Inc.: Deals
11.2.6 Renesas Electronics Corporation
Table 185 Renesas Electronics Corporation: Company Overview
Figure 54 Renesas Electronics Corporation: Company Snapshot
Table 186 Renesas Electronics Corporation: Products/Solutions/Services Offered
Table 187 Renesas Electronics Corporation: Product Launches
Table 188 Renesas Electronics Corporation: Deals
Table 189 Renesas Electronics Corporation: Others
11.2.7 Thales
Table 190 Thales: Company Overview
Figure 55 Thales Group: Company Snapshot
Table 191 Thales: Products/Solutions/Services Offered
Table 192 Thales: Product Launches
Table 193 Thales: Deals
11.2.8 Microchip Technology Inc.
Table 194 Microchip Technology Inc.: Company Overview
Figure 56 Microchip Technology Inc.: Company Snapshot
Table 195 Microchip Technology Inc.: Products/Solutions/Services Offered
Table 196 Microchip Technology Inc.: Product Launches
Table 197 Microchip Technology Inc.: Others
11.2.9 Samsung
Table 198 Samsung: Company Overview
Figure 57 Samsung: Company Snapshot
Table 199 Samsung: Products/Solutions/Services Offered
Table 200 Samsung: Product Launches
11.2.10 IDEMIA
Table 201 IDEMIA: Company Overview
Table 202 IDEMIA: Products/Solutions/Services Offered
Table 203 IDEMIA: Product Launches
Table 204 IDEMIA: Deals
11.2.11 ICTK Co. Ltd.
Table 205 ICTK Co. Ltd.: Company Overview
Table 206 ICTK Co. Ltd.: Products/Solutions/Services Offered
Table 207 ICTK Co. Ltd.: Deals
11.3 Other Players
11.3.1 Rambus Inc.
11.3.2 Cisco Systems, Inc.
11.3.3 ETAS
11.3.4 OVD Kinegram AG
11.3.5 BAE Systems
11.3.6 Lantronix, Inc.
11.3.7 IBM
11.3.8 Swift
11.3.9 McAfee, LLC
11.3.10 Broadcom
11.3.11 HiTex GmbH
11.3.12 Analog Devices, Inc.
11.3.13 Advantech Co. Ltd.
11.3.14 Eta Compute
11.3.15 RunSafe Security
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and Analyst's View (Key Strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) Might Not be Captured in Case of Unlisted Companies
12 Appendix
12.1 Insights from Industry Experts
12.2 Discussion Guide
12.3 KnowledgeStore: The Subscription Portal
12.4 Customization Options

Executive Summary

Companies Mentioned

  • Advantech Co. Ltd.
  • Analog Devices, Inc.
  • BAE Systems
  • Be.Services GmbH
  • Broadcom
  • Cisco Systems, Inc.
  • Eta Compute
  • ETAS
  • Garuda Indonesia
  • HiTex GmbH
  • IBM
  • ICTK Co. Ltd.
  • IDEMIA
  • Infineon Technologies AG
  • Kaspersky Lab
  • Lantronix, Inc.
  • McAfee, LLC
  • Microchip Technology Inc.
  • NXP Semiconductors
  • OVD Kinegram AG
  • Qualcomm Technologies, Inc.
  • Rambus Inc.
  • Renesas Electronics Corporation
  • RunSafe Security
  • Samsung
  • STMicroelectronics
  • Swift
  • Texas Instruments Incorporated
  • Thales
  • Venafi

Methodology

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Table Information

Report AttributeDetails
No. of Pages269
PublishedAugust 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 7.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 9.8 Billion
Compound Annual Growth Rate5.7%
Regions CoveredGlobal
No. of Companies Mentioned30

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About the Embedded Security Market

The Embedded Security market is a subset of the IT Security industry, focusing on the development and implementation of security solutions for embedded systems. Embedded systems are computer systems that are built into a larger device, such as a car, a medical device, or a consumer electronics product. Embedded Security solutions are designed to protect these systems from malicious attacks, data breaches, and other security threats. Embedded Security solutions typically include authentication, encryption, and secure boot technologies, as well as secure development and deployment processes. These solutions are designed to protect the data and functionality of embedded systems, while also ensuring that the systems remain secure and compliant with industry regulations. Some of the leading companies in the Embedded Security market include Arm, Intel, Microsoft, Symantec, McAfee, and Trend Micro. Show Less Read more

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