Global Embedded Security Market is valued at approximately USD 8.92 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 10.9% over the forecast period 2023-2030. Embedded security refers to the use of security technologies and procedures within embedded systems to guard against unauthorized access, manipulation, data breaches, and other online dangers. Embedded systems are specialized computers created for performing certain tasks inside a larger system or devices. The primary objectives of embedded security are to protect the availability, integrity, and confidentiality of embedded systems and the data they manage. The embedded system and its components are safeguarded throughout their existence using a combination of hardware- and software-based security techniques. Factors such as the inclusion of payment functionality in wearables, increasing government support for digitization, surging incidences of data breaches and cyberattacks, and growing demand for embedded security in electric and hybrid vehicles are bolstering the market demand in the global market. For instance, in December 2021, the Government of Australia invested USD 135.9 million under its program to transform the economy into a digital economy by 2030.
The increasing demand for security in connected devices is playing a vital role in bolstering the adoption of the embedded security market across the world. Embedded security solutions are used to protect these devices from cyberattacks. As per the Statista report, in 2019, it was estimated there were approximately 8.6 billion Internet of Things (IoT) connected devices were recorded globally, which is anticipated to rise to around 19.1 billion devices by 2025. Therefore, embedded security plays a critical role in securing IoT devices, protecting data transfers, ensuring device authentication, and maintaining the integrity and privacy of IoT ecosystems, which is augmenting the growth of the embedded security market. Moreover, the surge adoption of IoT, as well as the introduction of 5G and the development of 5G-enabled embedded devices present numerous lucrative opportunities over the anticipated period. However, the complexities involved in designing embedded systems and the high energy consumption associated with compact embedded systems are challenging the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Embedded Security Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing concerns for cybersecurity, as well as increasing adoption of embedded device security and critical infrastructure protection devices in the aerospace & defense sector and automotive industry. Whereas, North America is expected to grow at a considerable CAGR over the forecasting years. The high adoption of IoT and connected devices, advancements in hardware and software technologies, and increased awareness and adoption of security by design are significantly propelling the market demand across the region.
Major market players included in this report are:
- Analog Devices Inc (U.S.)
- Bae Systems Plc (U.K.)
- Broadcom Inc (U.S.)
- CISCO System Inc. (U.S.)
- Infineon Technologies AG (Germany)
- STMicroelectronics N.V. (Switzerland)
- NXP Semiconductors N.V. (Netherlands)
- IBM Corporation (U.S.)
- MCAFEE LLC (U.S.)
- Microchip Technology Inc. (U.S.)
Recent Developments in the Market:
- In May 2022, Microsoft Corporation collaborated with STMicroelectronics, a supplier of embedded and cyber security services as well as several semiconductor devices for the aerospace and automotive industries. The ultra-low-power STM32U5 MCUs (microcontrollers) from ST are combined with Microsoft Azure RTOS & IoT Middleware as part of this agreement, which offers a trusted platform module for securing the embedded architecture of IoT systems.
- in May 2022, Advantech, a developer of the Internet of Things (IoT) and automation technologies, launched its UNO Embedded Automation Computer platform. This newly introduced platform is equipped with Canonical's Ubuntu Operating System (OS), which has enhanced security and advanced IoT system capabilities.
Global Embedded Security Market Report Scope:
- Historical Data - 2020 - 2021
- Base Year for Estimation - 2022
- Forecast period - 2023-2030
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered - Component, Application, End-user, Region
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
By Application:
- Payment
- Authentication
- Content Protection
By End-user:
- Automotive
- Healthcare
- Consumer Electronics
- Telecommunications
- Aerospace & Defense
- Others
By Region:
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Embedded Security Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Embedded Security Market, by Component, 2020-2030 (USD Billion)
- 1.2.3. Embedded Security Market, by Application, 2020-2030 (USD Billion)
- 1.2.4. Embedded Security Market, by End-user, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Embedded Security Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Embedded Security Market Dynamics
- 3.1. Embedded Security Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand for security in connected devices
- 3.1.1.2. Surging incidences of data breaches and cyberattacks
- 3.1.2. Market Challenges
- 3.1.2.1. Complexities involved in designing embedded systems
- 3.1.2.2. High energy consumption associated with compact embedded systems
- 3.1.3. Market Opportunities
- 3.1.3.1. Surge adoption of IoT
- 3.1.3.2. Introduction of 5G and development of 5G-enabled embedded devices
Chapter 4. Global Embedded Security Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Embedded Security Market, by Component
- 5.1. Market Snapshot
- 5.2. Global Embedded Security Market by Component, Performance - Potential Analysis
- 5.3. Global Embedded Security Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
- 5.4. Embedded Security Market, Sub Segment Analysis
- 5.4.1. Hardware
- 5.4.2. Service
Chapter 6. Global Embedded Security Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Embedded Security Market by Application, Performance - Potential Analysis
- 6.3. Global Embedded Security Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Embedded Security Market, Sub Segment Analysis
- 6.4.1. Payment
- 6.4.2. Authentication
- 6.4.3. Content Protection
Chapter 7. Global Embedded Security Market, by End-user
- 7.1. Market Snapshot
- 7.2. Global Embedded Security Market by End-user, Performance - Potential Analysis
- 7.3. Global Embedded Security Market Estimates & Forecasts by End-user 2020-2030 (USD Billion)
- 7.4. Embedded Security Market, Sub Segment Analysis
- 7.4.1. Automotive
- 7.4.2. Healthcare
- 7.4.3. Consumer Electronics
- 7.4.4. Telecommunications
- 7.4.5. Aerospace & Defence
- 7.4.6. Others
Chapter 8. Global Embedded Security Market, Regional Analysis
- 8.1. Top Leading Countries
- 8.2. Top Emerging Countries
- 8.3. Embedded Security Market, Regional Market Snapshot
- 8.4. North America Embedded Security Market
- 8.4.1. U.S. Embedded Security Market
- 8.4.1.1. Component breakdown estimates & forecasts, 2020-2030
- 8.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 8.4.1.3. End-user breakdown estimates & forecasts, 2020-2030
- 8.4.2. Canada Embedded Security Market
- 8.5. Europe Embedded Security Market Snapshot
- 8.5.1. U.K. Embedded Security Market
- 8.5.2. Germany Embedded Security Market
- 8.5.3. France Embedded Security Market
- 8.5.4. Spain Embedded Security Market
- 8.5.5. Italy Embedded Security Market
- 8.5.6. Rest of Europe Embedded Security Market
- 8.6. Asia-Pacific Embedded Security Market Snapshot
- 8.6.1. China Embedded Security Market
- 8.6.2. India Embedded Security Market
- 8.6.3. Japan Embedded Security Market
- 8.6.4. Australia Embedded Security Market
- 8.6.5. South Korea Embedded Security Market
- 8.6.6. Rest of Asia Pacific Embedded Security Market
- 8.7. Latin America Embedded Security Market Snapshot
- 8.7.1. Brazil Embedded Security Market
- 8.7.2. Mexico Embedded Security Market
- 8.8. Middle East & Africa Embedded Security Market
- 8.8.1. Saudi Arabia Embedded Security Market
- 8.8.2. South Africa Embedded Security Market
- 8.8.3. Rest of Middle East & Africa Embedded Security Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.1.1. Company 1
- 9.1.2. Company 2
- 9.1.3. Company 3
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Analog Devices Inc (U.S.)
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Recent Developments
- 9.3.2. Bae Systems Plc (U.K.)
- 9.3.3. Broadcom Inc (U.S.)
- 9.3.4. CISCO System Inc (U.S.)
- 9.3.5. Infineon Technologies AG (Germany)
- 9.3.6. STMicroelectronics N.V. (Switzerland)
- 9.3.7. NXP Semiconductors N.V. (Netherlands)
- 9.3.8. IBM Corporation (U.S.)
- 9.3.9. MCAFEE LLC (U.S.)
- 9.3.10. Microchip Technology d(U.S.)
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes
- 10.3. Research Assumption