Embedded Security Market Size & Analysis - Forecasts To 2025 By Technology (Embedded Secure Element, Authentication IC, Embedded SIM, Hardware Security Module, Trusted Platform Module, Trusted Execution Environment); By Security Type (Content Protection, Authentication & Access Management, Payment); By Application (Automotive, PC Devices & Accessories, Digital Homes, Smart Homes, Wearables, Mobile Devices, Smart Cities & Buildings, Utilities, Others); By Region (North America, Europe, Asia- Pacific, Central & South America, Middle East & Africa); End-use Landscape; Vendor Landscape and Competitive Landscape - Global Market Estimates
Embedded Security Market Insights
The global embedded security market is anticipated to grow at a CAGR of more than 6% over the forecast period. This growth is attributed to a number of factors such as favorable government regulations towards digitization, growing demand for IoT security, and incorporation of embedded security in wearables.
The demand for embedded security technologies is further expected to be influenced by increased applications of these technologies in financial, transit, and telecommunication industries. Embedded security solutions ensure the organizations that their products and devices are protected from vulnerabilities such as threats and attacks at a hardware level.
However, factors such as non-adherence to government regulations and avoidance of precautionary measures by the manufacturers are likely to restrain the industry growth over the forecast period.
Embedded Security Market: Technology Insights
The global embedded security market is segmented into embedded secure Element, Authentication IC, Embedded Sim, Trusted Platform Module, Hardware Security Module, and Trusted Execution Environment, based on technology.
The embedded security market for embedded SIM is projected to account for the maximum market share over the forecast period. The embedded SIM is designed to remotely monitor and regulate multiple mobile network operator subscriptions at a time. The demand for this segment is likely to be driven by increasing application of it in a variety of products.
Trusted Platform Module technology is a secure crypto-processor that is designed to carry out cryptographic operations and to provide hardware-based security-related functions. The technology ensures that the information stored in hardware is better protected from external software attacks and vulnerabilities. However, these applications are not appropriate for accessing information on computing devices without proper authorization.
Embedded Security Market: Security-Type Insights
The global embedded security market is divided into content protection, authentication & access management, and payment, on the basis of security type.
The market for authentication and access management is anticipated to witness highest CAGR over the forecast period.
Payment processing and cards application segment are projected to account for maximum market share by 2025 due to its extensive use in EMV cards. The rapid growth of the Internet of Things provides immense opportunities to facilitate payments into wearables.
Payment security type offers security to the consumer’s confidential data and carries out a secured transaction between a merchant and its customers via various digital payment modes.
Embedded Security Market: Application Insights
Based on application, the global embedded security market is segregated into automotive, PC Devices & Accessories, Digital Homes, Smart Homes, Wearables, Mobile Devices, Smart Cities & Buildings, and Utilities among others.
Wearables application segment is projected to witness a significant CAGR over the forecast period owing to increased demand for wearables by payments companies and manufacturers.
Embedded security solutions find its applications in a range of products such as tablets, payments cards, smartphones, and e-government documents.
Embedded Security Market: Regional Insights
North America is expected to witness a significant CAGR over the coming years mainly due to a number of factors such as convergence of IoT, cloud, and big data. The market for embedded security in Europe is further likely anticipated to witness considerable growth owing to presence of a large number of companies, using business intelligence technology.
Asia Pacific accounted for the maximum share of the embedded security market in 2016. The regional growth is primarily attributed to increasing production of automotive and smartphones.
Embedded Security Market: End-Use Landscape
The end-use landscape includes a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase products from the global embedded security market. The major consumers of the product are Apple and Fitbit amongst others.
Embedded Security Market: Competitive Landscape
Some of the leading players profiled in the global embedded security market include Infineon, STMicroelectronics, NXP, Gemalto, Microchip Technology, Samsung, Texas Instruments, IDEMIA, Renesas, and Inside Secure among others.
In January 2015, Canadian telecom solutions provider BlackBerry launched a cloud-based IoT platform which enables application developers, business partners, and others to collaborate on different aspects of IoT solutions including security.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Embedded Security Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Embedded Security Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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