The global embedded security market is projected to grow at a considerable CAGR of around 7% during the forecast period (2020-2026). Embedded security solutions are used to secure embedded systems (programmable hardware) from external cyber threats. The high adoption of the embedded security owing to its offered advantages is a key factor driving its global market. The growing adoption of these systems for different applications in end-user industries is another major factor contributing towards the growth of the global embedded security market. In the consumer electronics industry, DVD players, video game consoles, mobile phones, MP3 players, digital cameras, microwave ovens, and GPS are the key appliances that include embedded systems to offer flexibility and efficiency to these appliances. In 2019, the number of smartphone users in the US was 0.3 million.
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The increasing adoption rate of smartphones, laptops, video game consoles, and so on is anticipated to drive the demand of the embedded security market across the globe. In the healthcare industry, embedded systems are used for monitoring vital signs, for amplifying sounds in electronic stethoscopes, and in across every kind of imaging system, including MRIs, PET scans, and CT scans. In the aerospace industry, embedded systems are used in military aircraft for large radar systems. In the IT and Telecomm industry, telecommunications systems employ numerous embedded systems from telephone switches for the network to cell phones at the end-user. However, attack replication, dependability, industrial protocols, and remote deployment of these solutions are some major factors that may restrain the growth of the global embedded security market.
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Market Segmentation
Global Embedded Security Market by Component
• Hardware
• Software and Service
Global Embedded Security Market by Application
• Authentication
• Payment
• Content Protection
• Others
Global Embedded Security Market by End-User
• Automotive
• Healthcare
• IT & Telecomm
• Aerospace & Defense
• Consumer Electronics
• Others
Regional Analysis
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• Rest of Asia-Pacific
Rest of the World
Company Profiles
• Cisco Systems, Inc.
• ESCRYPT GmbH
• IDEMIA Group
• Infineon Technologies AG
• Intellias, Ltd.
• Karamba Security, Ltd.
• McAfee, LLC
• Microchip Technology, Inc.
• Qualcomm Technologies, Inc.
• Rambus, Inc.
• Renesas Electronics Corp.
• Samsung Electronics Co., Ltd.
• Sectigo, Ltd.
• STMicroelectronics N.V.
• Texas Instruments, Inc.
• Thales Group
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