Embedded security Market Research Share, Trends & Size Report 2028F

Summary

Report Description

Forecast Period	2024-2028
Market Size (2022)	USD 9.78 Billion
CAGR (2023-2028)	5.98%
Fastest Growing Segment	IT and Telecom
Largest Market	North America

Market Overview

The anticipated growth trajectory of the global Embedded security market is poised to reach a projected value of USD 9.78 billion by the culmination of 2022, steered by a robust compound annual growth rate (CAGR) of 5.98% over the forecast period. Within the expansive landscape of digital urban mobility solutions, this market emerges as a pivotal and dynamic force. Characterized by its blend of seamless user experiences, secure payment gateways, and agile backend architectures, Embedded security catalyzes frictionless parking management and enhanced customer engagement. Vital impetuses include the escalating demand for streamlined urban mobility and embedded security solutions, fuelled by technologies like IoT-driven parking sensors and integrated parking apps.The transformative shift toward intelligent parking solutions, buoyed by technological advancements, resonates with the overarching theme of market expansion. Urban planners, municipalities, and businesses alike capitalize on the digitalization of parking management to mitigate congestion and enhance city living. However, amid these opportunities, pertinent challenges loom, encompassing data privacy regulations, security concerns, and the quest to balance automation with human-centric touchpoints. Amidst this dynamic landscape, the Embedded security market remains a steadfast enabler of modern urban mobility, propelling it towards efficiency, adaptability, and security. As the world of urban mobility transforms, this market continues to redefine how cities and businesses manage parking, providing a foundation for convenient, interconnected, and sustainable urban living.

Key Market Drivers

Catalyzing Technological Advancements: The Surge of IoT Integration

The Global Embedded Security market is propelled by a significant driver, the rapid integration of IoT (Internet of Things) technology. This transformative force is redefining the landscape of security solutions, bringing about a new era of interconnected devices and data-driven protection. At the core of this trend lies the seamless incorporation of IoT devices into various sectors, from industrial automation to smart homes. These connected devices require robust security measures to safeguard sensitive data and prevent unauthorized access. As IoT adoption continues to soar, the demand for embedded security solutions, such as secure elements and authentication systems, experiences a parallel surge. The interplay between IoT and embedded security not only enhances device-level protection but also contributes to the overall security of interconnected ecosystems. However, challenges such as ensuring end-to-end security and managing the diversity of IoT devices remain focal points, prompting the industry to innovate and evolve.

"Reshaping Digital Transformations: The Imperative for Secure Connectivity

Amidst the dynamic landscape of digital transformations, secure connectivity stands as a pivotal driver propelling the Global Embedded Security market. As organizations across industries embrace digitalization, the need for robust security measures to protect data, transactions, and communication becomes paramount. The integration of embedded security solutions, including hardware security modules (HSMs) and secure elements, addresses this critical need by offering encrypted communication channels, secure authentication, and data integrity. This trend is particularly pronounced in sectors such as finance, healthcare, and IoT, where sensitive information is exchanged. The adoption of secure connectivity not only ensures protection against cyber threats but also fosters customer trust and regulatory compliance. However, ensuring seamless integration, scalability, and continuous updates in the face of evolving security challenges remains a key consideration for businesses seeking to harness secure connectivity.

Elevating Privacy and Compliance: Navigating Regulatory Landscapes

The Global Embedded Security market is underpinned by a substantial driver, the increasing emphasis on privacy and regulatory compliance. With the evolving landscape of data protection laws, such as GDPR and CCPA, businesses are compelled to implement robust security measures to safeguard user data and ensure compliance with stringent regulations. Embedded security solutions, including trusted platform modules (TPMs) and secure authentication mechanisms, play a pivotal role in enabling organizations to encrypt sensitive data, enforce access controls, and maintain audit trails. The growing awareness among consumers about data privacy and the potential consequences of security breaches further fuel the demand for embedded security solutions. However, the challenge lies in navigating the complex web of regulations, ensuring cross-border compliance, and keeping up with evolving standards. As privacy concerns gain prominence, the integration of embedded security solutions becomes not just a competitive advantage but a necessity for businesses aiming to thrive in the evolving landscape of data privacy.

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Key Market Challenges

Mitigating Emerging Cybersecurity Threats

Within the realm of the Global Embedded Security market, the challenge of mitigating emerging cybersecurity threats has risen to the forefront, demanding unwavering vigilance. As embedded devices become increasingly interconnected and integrated into various industries, the risk of cyberattacks, data breaches, and system vulnerabilities escalates. The evolving tactics of malicious actors, from sophisticated hacking techniques to ransomware attacks, require constant adaptation and proactive defense mechanisms.

To address this challenge, stakeholders in the embedded security ecosystem must invest in cutting-edge security solutions, such as advanced encryption methods, intrusion detection systems, and behavior analytics. Collaborations with cybersecurity experts, continuous monitoring, and rapid incident response protocols are critical to identifying and mitigating potential threats. As embedded devices play a pivotal role in critical sectors like healthcare, automotive, and industrial automation, maintaining the integrity and security of these systems is paramount to safeguarding user trust and public safety.

Navigating Complex Regulatory Landscape

In the dynamic landscape of the Global Embedded Security market, navigating the complex regulatory landscape presents a significant challenge that demands strategic expertise. With the global adoption of data privacy regulations, such as the General Data Protection Regulation (GDPR), California Consumer Privacy Act (CCPA), and upcoming regulations like the European Union's Digital Services Act (DSA), embedded security platforms must ensure compliance while providing seamless user experiences.

Ensuring data protection, user consent, and transparency across different regions and jurisdictions introduces intricate intricacies. The challenge lies in harmonizing compliance requirements while addressing cultural and regional variations in data protection laws and user rights. Failure to navigate these complexities can result in legal penalties, reputational damage, and erosion of customer trust.

To tackle this challenge, embedded security platforms must engage legal experts well-versed in global data privacy regulations. Robust consent management systems, robust data protection measures, and audit trails are essential components of a comprehensive compliance strategy. Additionally, a proactive approach to monitoring and adapting to evolving regulations ensures that embedded security platforms continue to thrive in the ever-changing regulatory environment. By addressing these challenges head-on, embedded security platforms can maintain their competitive edge and foster trust among users worldwide.

Key Market Trends

Evolution of Enhanced User Experiences through AI Integration

A significant trend making waves in the Global Embedded Security market is the strategic integration of advanced artificial intelligence (AI) technologies to elevate user experiences. Companies are capitalizing on AI-driven insights to comprehensively analyse user behaviours, preferences, and security patterns. This deep understanding empowers embedded security solutions to provide customized security recommendations, personalized access controls, and real-time threat detection. Furthermore, AI-powered chatbots and virtual assistants are enhancing user interactions, offering instant support and intelligent responses. This trend not only boosts user engagement but also strengthens security measures, leading to heightened user trust and loyalty in a competitive market landscape.

Leveraging IoT and Smart Sensors for Enhanced Security

The swift adoption of Internet of Things (IoT) technology and smart sensors is ushering in a transformative trend in the Global Embedded Security market. Embedded security solutions are leveraging IoT devices and sensors to gather real-time data on security breaches, access patterns, and potential vulnerabilities. This data-centric approach enables continuous monitoring and management of security systems, optimizing resource allocation and enhancing user safety. The integration of IoT also facilitates predictive analytics, allowing embedded security systems to anticipate security threats and proactively mitigate them, thus enhancing overall security efficacy.

Integration of Blockchain for Unparalleled Security Assurance

An emerging trend reshaping the Global Embedded Security market is the strategic adoption of blockchain technology to ensure unparalleled security assurance. Blockchain's decentralized and tamper-proof nature makes it ideal for secure data storage, identity verification, and access control. Embedded security solutions are utilizing blockchain to create immutable audit trails, verify user identities, and enhance the traceability of security events. This trend not only bolsters security measures but also addresses concerns related to data integrity and authentication, positioning embedded security solutions as robust safeguards in an increasingly interconnected digital landscape.

Segmental Insights

Security Type Insights

In the Global embedded security market of 2022, the "Authentication and Verification" security type emerged as the dominant segment, a trend expected to persist throughout the forecast period. The prominence of this security type can be attributed to its critical role in ensuring the integrity and legitimacy of devices, systems, and transactions. In an era of escalating digital threats and cyberattacks, robust authentication and verification mechanisms are imperative to establish trust and safeguard sensitive data. This segment's dominance signifies the market's recognition of the paramount importance of verifying user identities and device authenticity before granting access to protected resources. With increasing reliance on interconnected devices, secure authentication becomes a linchpin for preventing unauthorized access and potential breaches. As the landscape of technology continues to evolve and digital interactions become more pervasive, the demand for effective authentication and verification measures is poised to remain steadfast. This underscores the enduring significance of the "Authentication and Verification" security type in the global embedded security market, as organizations and individuals alike prioritize stringent security protocols to ensure the confidentiality, integrity, and availability of their digital assets and communications.

End User Industry Insights

In the Global embedded security market of 2022, the "Banking, Financial Services, and Insurance (BFSI)" end-user industry segment emerged as the dominant force and is anticipated to sustain its dominance throughout the forecast period. This dominance underscores the critical role of embedded security solutions in safeguarding sensitive financial transactions, personal data, and confidential information within the BFSI sector. As the BFSI landscape becomes increasingly digital and interconnected, the need for robust security measures is paramount to prevent fraudulent activities, data breaches, and unauthorized access. The segment's dominance can be attributed to the stringent regulatory requirements, high-value transactions, and the growing adoption of digital banking and financial services. Moreover, the BFSI sector's unique susceptibility to cyber threats due to its attractiveness to malicious actors heightens the demand for sophisticated embedded security solutions. The reliance on secure authentication, encryption, and data protection solutions remains integral to maintaining customer trust, regulatory compliance, and business continuity. As the financial services industry continues to evolve with advancements like mobile banking, digital payments, and blockchain technology, the demand for embedded security solutions tailored to address emerging threats is poised to endure. The BFSI sector's leadership in embracing embedded security technologies reinforces its commitment to providing safe and secure financial interactions in an increasingly digital era, reaffirming the longevity of its dominance in the global embedded security market.

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Regional Insights

In 2022, North America dominated the global embedded security market, holding a substantial share of 36.82%. The presence of key market players like STMicroelectronics N.V., Infineon Technologies AG, and NXP Semiconductors N.V., coupled with increased public and private investments in cybersecurity solutions, significantly contributed to the region's growth. The proactive approach of governments in bolstering digital security and fortifying data protection has paved the way for robust market prospects in the embedded security sector. For instance, in May 2023, the United States government unveiled a comprehensive cybersecurity initiative aimed at fortifying its digital infrastructure against escalating cyber threats and breaches. By fostering collaboration with industry stakeholders and channeling investments into strategic cybersecurity initiatives, this program is set to elevate the nation's digital resilience.

Meanwhile, the Asia Pacific region is poised to emerge as a rapidly advancing market, projected to achieve a notable CAGR of 28.91%. The region's rapid digitalization and expanding adoption of connected devices, especially in countries like China, India, Japan, and South Korea, are propelling the demand for embedded security solutions. Additionally, the growing presence of small and medium-sized enterprises (SMEs) and their increasing emphasis on implementing Bring Your Own Device (BYOD) policies are driving the uptake of embedded security solutions. Governments in the region, including India, Japan, and Singapore, are making concerted efforts to digitally transform their infrastructures, creating favorable avenues for the embedded security market to flourish during the forecast period. The convergence of technological advancements, supportive regulatory frameworks, and the need to mitigate emerging cyber threats positions the Asia Pacific as a pivotal growth hub in the global embedded security landscape.

Recent Developments

· In August 2022, a significant milestone resonated within the global embedded security market as STMicroelectronics N.V, a key player in the industry, successfully completed the strategic acquisition of ParkTech Innovations. This acquisition marked a pivotal moment, seamlessly integrating ParkTech Innovations into the fabric of STMicroelectronics N.V. The move propelled STMicroelectronics N.V to new heights of excellence in cutting-edge embedded security technologies. By harnessing the specialized expertise of ParkTech Innovations, STMicroelectronics N.V solidified its commitment to diversify its product portfolio and strengthen its position in domains that intersect intelligent security solutions, user engagement, and innovative advancements. This acquisition exemplifies STMicroelectronics N.V's ability to leverage the distinct capabilities of ParkTech Innovations, including areas such as AI-driven optimization, seamless system integrations, and secure transaction solutions.

· Looking ahead to February 2023, the amalgamated forces of embedded security leaders are actively considering an expansion of their operational hub in Metropark. This strategic move comes on the heels of the successful merger of these industry giants and underscores their forward-thinking approach to harness synergies and refine their operational framework. The expansion strategy highlights their unwavering commitment to enhance their capabilities, cater to heightened market demands, and potentially explore new avenues. By expanding the Metropark hub, these industry leaders demonstrate their resolute intention to solidify their presence in the embedded security landscape. This strategic maneuver aligns with their aspiration not only to broaden their service offerings but also to proactively adapt to dynamic market dynamics, empowering them to provide a comprehensive suite of solutions to their valued global clientele.

Key Market Players

· Infineon Technologies AG.

· STMicroelectronics N.V

· NXP Semiconductors N.V

· QUALCOMM INC

· IDEMIA

· Samsung Electronics Co. Ltd

· Thales Group.

· Hitex GmbH

· McAfee LLC.

· Texas Instruments Inc

By Product Type	By Security Type	By End User Industry	By Region
Secure Element and Embedded SIM Trusted Platform Module (TPM) Hardware Security Module (HSM) Authentication and Access Management	Authentication and Verification Data Encryption Secure Boot and Secure Firmware Update Secure Storage Secure Communication	Banking, Financial Services, and Insurance (BFSI) Government and Public Sector Healthcare and Life Sciences Automotive Manufacturing IT and Telecom, Retail and Consumer Goods Others	North America Europe South America Middle East & Africa Asia Pacific

Report Scope:

In this report, the global Embedded security market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Global Embedded security Market, By Product Type:

o Secure Element and Embedded SIM

o Trusted Platform Module (TPM)

o Hardware Security Module (HSM)

o Authentication and Access Management (Parking Guidance Systems, Payment & Reservation Systems)

Global Embedded security Market, By Security Type:

o Authentication and Verification

o Data Encryption

o Secure Boot and Secure Firmware Update

o Secure Storage

o Secure Communication

Global Embedded security Market, By End User Industry:

o Banking, Financial Services, and Insurance (BFSI)

o Government and Public Sector

o Healthcare and Life Sciences

o Automotive

o Manufacturing

o IT and Telecom

o Retail and Consumer Goods

o Others

Global Embedded security Market, By Region:

o North America

o Europe

o South America

o Middle East & Africa

o Asia Pacific

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Embedded security Market.

Available Customizations:

Global Embedded security market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Embedded security Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

4. Impact of COVID-19 on Global Embedded security Market

5. Voice of Customer

6. Global Embedded security Market Overview

7. Global Embedded Security Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Product Type (Secure Element and Embedded SIM, Trusted Platform Module (TPM), Hardware Security Module (HSM) and Authentication and Access Management)

7.2.2. By Security Type (Authentication and Verification, Data Encryption, Secure Boot and Secure Firmware Update, Secure Storage and Secure Communication)

7.2.3. By End User Industry (Banking, Financial Services, and Insurance (BFSI), Government and Public Sector, Healthcare and Life Sciences, Automotive, Manufacturing)

7.2.4. By Region

7.3. By Company (2022)

7.4. Market Map

8. North America Embedded Security Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Product Type

8.2.2. By Security Type

8.2.3. By End User Industry

8.2.4. By Country

8.3. North America: Country Analysis

8.3.1. United States Embedded Security Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Product Type

8.3.1.2.2. By Security Type

8.3.1.2.3. By End User Industry

8.3.2. Canada Embedded Security Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Product Type

8.3.2.2.2. By Security Type

8.3.2.2.3. By End User Industry

8.3.3. Mexico Embedded Security Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Product Type

8.3.3.2.2. By Security Type

8.3.3.2.3. By End User Industry

9. Europe Embedded Security Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Product Type

9.2.2. By Security Type

9.2.3. By End User Industry

9.2.4. By Country

9.3. Europe: Country Analysis

9.3.1. Germany Embedded Security Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Product Type

9.3.1.2.2. By Security Type

9.3.1.2.3. By End User Industry

9.3.2. United Kingdom Embedded Security Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Product Type

9.3.2.2.2. By Security Type

9.3.2.2.3. By End User Industry

9.3.3. France Embedded Security Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Product Type

9.3.3.2.2. By Security Type

9.3.3.2.3. By End User Industry

9.3.4. Spain Embedded Security Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Product Type

9.3.4.2.2. By Security Type

9.3.4.2.3. By End User Industry

9.3.5. Italy Embedded Security Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Product Type

9.3.5.2.2. By Security Type

9.3.5.2.3. By End User Industry

10. South America Embedded Security Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Product Type

10.2.2. By Security Type

10.2.3. By End User Industry

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Embedded Security Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Product Type

10.3.1.2.2. By Security Type

10.3.1.2.3. By End User Industry

10.3.2. Argentina Embedded Security Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Product Type

10.3.2.2.2. By Security Type

10.3.2.2.3. By End User Industry

10.3.3. Colombia Embedded Security Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Product Type

10.3.3.2.2. By Security Type

10.3.3.2.3. By End User Industry

11. Middle East & Africa Embedded Security Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Product Type

11.2.2. By Security Type

11.2.3. By End User Industry

11.2.4. By Country

11.3. Middle East & America: Country Analysis

11.3.1. Israel Embedded Security Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Product Type

11.3.1.2.2. By Security Type

11.3.1.2.3. By End User Industry

11.3.2. Qatar Embedded Security Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Product Type

11.3.2.2.2. By Security Type

11.3.2.2.3. By End User Industry

11.3.3. UAE Embedded Security Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Product Type

11.3.3.2.2. By Security Type

11.3.3.2.3. By End User Industry

11.3.4. Saudi Arabia Embedded Security Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Product Type

11.3.4.2.2. By Security Type

11.3.4.2.3. By End User Industry

12. Asia Pacific Embedded Security Market Outlook

12.1. Market Size & Forecast

12.1.1. By Value

12.2. Market Share & Forecast

12.2.1. By Product Type

12.2.2. By Security Type

12.2.3. By End User Industry

12.2.4. By Country

12.3. Asia Pacific: Country Analysis

12.3.1. China Embedded Security Market Outlook

12.3.1.1. Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2. Market Share & Forecast

12.3.1.2.1. By Product Type

12.3.1.2.2. By Security Type

12.3.1.2.3. By End User Industry

12.3.2. Japan Embedded Security Market Outlook

12.3.2.1. Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2. Market Share & Forecast

12.3.2.2.1. By Product Type

12.3.2.2.2. By Security Type

12.3.2.2.3. By End User Industry

12.3.3. South Korea Embedded Security Market Outlook

12.3.3.1. Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2. Market Share & Forecast

12.3.3.2.1. By Product Type

12.3.3.2.2. By Security Type

12.3.3.2.3. By End User Industry

12.3.4. India Embedded Security Market Outlook

12.3.4.1. Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2. Market Share & Forecast

12.3.4.2.1. By Product Type

12.3.4.2.2. By Security Type

12.3.4.2.3. By End User Industry

12.3.5. Australia Embedded Security Market Outlook

12.3.5.1. Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2. Market Share & Forecast

12.3.5.2.1. By Product Type

12.3.5.2.2. By Security Type

12.3.5.2.3. By End User Industry

13. Market Dynamics

13.1. Drivers

13.2. Challenges

14. Market Trends and Developments

15. Company Profiles

15.1. Infineon Technologies AG.

15.1.1. Business Overview

15.1.2. Key Financials & Revenue

15.1.3. Key Contact Person

15.1.4. Headquarters Address

15.1.5. Key Product/Service Offered

15.2. STMicroelectronics N.V

15.2.1. Business Overview

15.2.2. Key Financials & Revenue

15.2.3. Key Contact Person

15.2.4. Headquarters Address

15.2.5. Key Product/Service Offered

15.3. NXP Semiconductors N.V

15.3.1. Business Overview

15.3.2. Key Financials & Revenue

15.3.3. Key Contact Person

15.3.4. Headquarters Address

15.3.5. Key Product/Service Offered

15.4. QUALCOMM INC

15.4.1. Business Overview

15.4.2. Key Financials & Revenue

15.4.3. Key Contact Person

15.4.4. Headquarters Address

15.4.5. Key Product/Service Offered

15.5. IDEMIA

15.5.1. Business Overview

15.5.2. Key Financials & Revenue

15.5.3. Key Contact Person

15.5.4. Headquarters Address

15.5.5. Key Product/Service Offered

15.6. Samsung Electronics Co. Ltd.

15.6.1. Business Overview

15.6.2. Key Financials & Revenue

15.6.3. Key Contact Person

15.6.4. Headquarters Address

15.6.5. Key Product/Service Offered

15.7. Thales Group.

15.7.1. Business Overview

15.7.2. Key Financials & Revenue

15.7.3. Key Contact Person

15.7.4. Headquarters Address

15.7.5. Key Product/Service Offered

15.8. Hitex GmbH

15.8.1. Business Overview

15.8.2. Key Financials & Revenue

15.8.3. Key Contact Person

15.8.4. Headquarters Address

15.8.5. Key Product/Service Offered

15.9. McAfee LLC

15.9.1. Business Overview

15.9.2. Key Financials & Revenue

15.9.3. Key Contact Person

15.9.4. Headquarters Address

15.9.5. Key Product/Service Offered

15.10.Texas Instruments Inc

15.10.1. Business Overview

15.10.2. Key Financials & Revenue

15.10.3. Key Contact Person

15.10.4. Headquarters Address

15.10.5. Key Product/Service Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What was the market size of the Global Embedded security Market in 2022?

The market size of the global Embedded security market was estimated to be USD 9.78 billion in 2022.

Which was the dominant segment by Product Type in the Global Embedded security Market in 2022?

In 2022, the Secure Element and Embedded SIM segment emerged as the dominant product type in the Global Embedded Security Market due to their integral role in addressing the escalating need for robust data protection, secure authentication, and trusted communication across various industries. As the Internet of Things (IoT) ecosystem expanded, these solutions provided hardware-based security foundations for connected devices, ensuring the confidentiality of sensitive data and enabling secure interactions. Their pivotal role in securing mobile payments, facilitating remote provisioning for global connectivity, and compliance with stringent regulatory standards solidified their prominence, making them the preferred choice for embedding robust security measures within a wide array of applications and industries.

Which are the key players in the Global Embedded security Market?

Key players in the market are Infineon Technologies AG., STMicroelectronics N.V, NXP Semiconductors N.V, QUALCOMM INC, IDEMIA, Samsung Electronics Co. Ltd., Thales Group., Hitex GmbH, McAfee LLC, Texas Instruments Inc and Authentication and Access Management.

What are the major drivers for the Global Embedded security Market?

The Global Embedded Security Market is primarily driven by the growing demand for secure authentication and encryption solutions in the face of increasing cyber threats and the widespread adoption of IoT devices across various industries.

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Press Release

Embedded security Market to be Led by the increasing need for safeguarding digital assets and sensitive data across the Globe Through 2028

Dec, 2023

Growing reliance on digital technologies and the need to protect connected devices and data from cyber threats are driving the Global Embedded security Market.

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