Key Trends in Embedded Security Market

Tom C

According to the new market research report on the "Embedded Security Market by Product (Secure Element and Embedded SIM, Trusted Platform Module, Hardware Security Module), by Security type (Authentication and Access Management, Payment, Content Protection), Application and Geography - Global Forecast to 2023", published by MarketsandMarkets™, this market is expected to be valued at USD 3.87 Billion by 2017 and USD 5.47 Billion by 2023, at a CAGR of 5.9% between 2017 and 2023.

Browse 61 Market Data Tables and 37 Figures spread through 134 Pages and in-depth TOC on "Embedded Security Market"

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Secure element and embedded SIM based on product is expected to hold largest market share by 2023

Secure element and embedded SIM finds its applications in a number of products such as smartphones, tablets, payments cards, and e-government documents. Due to a large number of shipments of above-mentioned products, this market is the considered to the largest.

Payment processing and cards application based on application is expected to hold largest market share by 2023

The payment processing and cards application is the largest market for embedded security as it is being used extensively in Europay, MasterCard, and Visa (EMV) cards. EMV chips replace the easily copied magnetic stripe and produce a one-time code for each transaction ensuring the data cannot be reused if the card is stolen. EMV is the key to combatting card counterfeiting, which accounts for the largest share of payments fraud. Hence, this segment holds the largest market as EMV cards are now replacing the magneto strip cards.

Authentication and access management based on security type to grow at highest CAGR during the forecast period

Growing emphasis on compliance management and increasing trend of mobility have driven the demand for authentication and access management in various sectors. Currently, employees can use their devices from different locations. Moreover, the Bring Your Own Device (BYOD) approach is increasing the usage of mobile applications. Changing scenarios and distributed IT environments have made organizations susceptible to cyber threats, thereby fueling the demand for authentication and access management. This factor is expected to create market opportunities for authentication and access management solution vendors during the forecast period.

North America to be the highest growing region

The growing concern for the protection of critical infrastructure and sensitive data has increased government intervention in recent years. Thus, government initiatives, such as specific budget allocations and mandated security policies, are expected to drive the growth of the embedded security market in North America.

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This report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with. The key players in this market are Infineon (Germany), STMicroelectronics (Switzerland), NXP (Netherlands), Gemalto (Netherlands), Microchip (US), Samsung (South Korea), Texas Instruments (US), IDEMIA (France), Renesas (Japan), and Inside Secure (France).

Tom C

Embedded Security Market Trends, Regional Outlook and Analysis 2024-2031

Prasad Padwal 2024-04-10

The embedded security market is on a trajectory of significant growth, driven by the intensifying cyber threats directed at interconnected devices. Looking ahead, as technological advancements continue to evolve, the integration of artificial intelligence (AI) and machine learning algorithms into security frameworks promises to enhance the capabilities of embedded security systems, driving further market proliferation. Technological Advancements: Innovations in semiconductor technology, cryptography, and hardware security modules (HSMs) are driving the evolution of embedded security solutions. Future Outlook: The embedded security market is poised for robust growth and innovation:Focus on IoT Security: With the proliferation of IoT devices and edge computing environments, the demand for embedded security solutions tailored to the unique requirements of IoT ecosystems will continue to soar. Integration of AI and Machine Learning: AI-driven security analytics and anomaly detection capabilities will enhance the efficacy of embedded security solutions, enabling proactive threat detection, automated incident response, and adaptive defense mechanisms.

Analyzing the Embedded Security Market Industry Trends by 2028

Tom C 2024-03-08

The embedded security market size has been estimated to be valued at USD 7. The key factors contributing to the growth of the embedded security market include the rising prevalence of interconnected devices, coupled with the escalating complexity of cyberattacks, underscores the urgency for heightened security measures. Moreover, the increasing integration of wearables in healthcare, finance, and enterprise sectors further underscores the need for stringent security protocols, thus propelling their growth within the embedded security market. Based on the offering, software segment likely to register a higher growth rate in the overall embedded security system market from 2023 to 2028The software security market is expected to offer lucrative growth opportunities during the forecast period. Commonly used software security are firewall, antivirus, antispyware, and network security.

Embedded Security Market Analysis: Key Regions and Players Trends 2023

ishita244 2023-12-21

Several primary and secondary data sources were used in this Embedded Security market research investigation. The Embedded Security Market Analysis research conducts a comprehensive outlook of the market and offers details on a variety of topics, including drivers, restraints, opportunities, and threats. In this analysis, the current Embedded Security market is evaluated and assessed, along with considerable market potential and future growth predictions. Key Objectives of Embedded Security Market Report- To ascertain the market value and share, perform a SWOT analysis on the leading players on a global scale. comPhone: +1-415-230-0044 (US) | +91-7798602273 (IND)Related Reports: Force Sensor Market Smart Agriculture Market Gas Sensor Market Instrument Cluster Market

North America Embedded Security Market Forecast to 2029 | Growth and Trends

Pranit 2023-04-20

Segmentation:The embedded security market in North America is divided into security type, product, and application segments. Government initiatives and subsidiaries for the sector are also considered in the research North America Embedded Security Market growth in the region. Which region held the largest market share in the North America Embedded Security Market? What will be the CAGR of the North America Embedded Security market during the forecast period? About Maximize Market Research:Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries.

Embedded Security Market To Reach $10,470.0 Million by 2030

Ritik Sinha 2023-02-07

The global embedded security market accounted for around $6,140. 0 million by 2030, growing at a CAGR of 6. The APAC region has the biggest embedded security market share in the world, and it will grow at a 6. 0% in the embedded security market from 2021 to 2030, under the end user segment. Moreover, top companies in the embedded security market are Renesas Electronics Corporation, Thales, Qualcomm Technologies Inc.

Global Embedded Security Market Leading Players & Revolutionary Opportunities 2029

supriyamaximize 2024-02-23

Analyzing the Market for Embedded Security and Its Growth:Embedded Security Market size was valued at US$ 6. Examination and Perspectives on the Embedded Security Market:This research explores the market landscape for Embedded Security , revealing favorable drivers, possible obstacles, and future possibilities. Section Heading: Embedded Security IndustryPart 01: Executive SummaryPart 02: Scope of the Embedded Security Market ReportPart 03: Embedded Security Market LandscapePart 04: Embedded Security Market SizingPart 05: Embedded Security Market Segmentation by TypePart 06: Five Forces AnalysisPart 07: Customer LandscapePart 08: Geographic LandscapePart 09: Decision FrameworkPart 10: Drivers and ChallengesPart 11: Market TrendsPart 12: Vendor LandscapePart 13: Vendor AnalysisClick this link to view the full report structure (summary + TOC) and get a free sample copy. Key Queries Addressed:Which application segment has emerged as the leading contender in the Embedded Security market? com/market-report/global-virtual-private-server-market/27319/About Maximize Market Research: Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries.

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