Embedded Security System Market Size, Share & Forecast Analysis (2021-2026)
See less
Embedded Security System Market Size, Share & Forecast Analysis (2021-2026)
Embedded Security System Market, By Product (Secure Element and Embedded SIM, Trusted Platform Module, Hardware Security Module, Hardware Tokens), By Application (Restroom Toilet, Kitchen, Living room, Bedroom, Bathroom, Industrial plants, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026
Embedded Security System Market, By Product (Secure Element and Embedded SIM, Trusted Platform Module, Hardware Security Module, Hardware Tokens), By Application (Restroom Toilet, Kitchen, Living room, Bedroom, Bathroom, Industrial plants, Others), and Region...
The Embedded Security System Market is estimated to grow from USD 4.5 billion in 2020 to USD 6.3 billion by 2026 at a healthy CAGR of 6.1% during the forecast period.
Embedded Security System Market- Research Scope
Base Year of Study
2020
Trend Period
2015-2019
Forecast Period
2021-2026
Market Size in 2020
US$ 4.5 billion
Market Size in 2026
US$ 6.3 billion
Market Growth (2021-2026)
6.1% CAGR
Figure: Embedded Security System Market Size, 2020-2026 (USD Billion)
Embedded security systems enable manufacturers ensure their products & devices are protected from cyber threats. It is an approach to protect software running on embedded systems from attack. Embedded systems security is a cybersecurity field which is aimed at preventing malicious access to and use of embedded systems. It offers mechanisms to protect a system from all types of malicious behavior.
Covid-19 Impact Analysis
The outbreak of COVID-19 negatively affected the Embedded Security System industry. The shutdown of manufacturing activities along with ban on travel & transportation ban across the globe. Limited industrial activities and subsequently poor demand for integration services & sales of new embedded security interfaces products, which adversely affects the product demand.
Key Players
Key players operating in the global Embedded Security System Market are-
Infineon (Germany)
STMicroelectronics (Switzerland)
NXP Semiconductors (Netherlands)
Gemalto (Netherlands)
Texas Instruments (US)
Renesas (Japan)
Qualcomm (US)
Microchip (US)
Samsung (South Korea)
IDEMIA (France)
Market Dynamics
Expanding IoT applications spurs the need for IoT security, which spurs the Embedded Security System market. The IoT consists of billions of digital services, devices, and other physical objects, thus having the ability to seamlessly interact, connect, and exchange information. Growing adoption of wearable devices in healthcare sectors augments the demand for embedded security. Moreover, wearable devices are creating an increasingly wide footprint in the healthcare sector, thus expanding product usage in the coming years.
Segment’s Analysis
Test Type Trends
Based on test type, the embedded security system market has been classified into wearables, smartphones and tablets, automotive, smart identity cards, industrial, payment processing and cards, and computers. The automotive segment accounted for the largest market share in 2020. Cars are rapidly becoming a key element of the IoT, which is connected by a broad variety of means to the outside world via a rising number of wireless technologies, which augments the segment growth.
Regional Trends
By region, the North America Embedded Security System market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period. The Embedded Security System market growth is mainly attributed by the rising concern for the protection of critical infrastructure and sensitive data, which has spurred government intervention in the past few years. Thus, government initiatives, such as specific budget allocations as well as mandated security policies, further bolsters the regional market growth.
The Asia Pacific Embedded Security System market is expected to grow at a healthy CAGR during the review on account of growth of the major end-use industries. This growth is mainly attributed to expand their operations in India, China, Japan, and Australia, to unlock several growth avenues, which is responsible to the surging demand for consumer electronics & vast expansion of electronic industries in these countries.
Critical Questions Answered in the Report
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global embedded security system market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.
What are the key trends in the global embedded security system market?
How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
What is the impact of COVID-19 on global embedded security system market?
What are the key strategies adopted by the major vendors to lead in the global embedded security system market?
The target audience of Embedded Security System Market includes-
Embedded Security System Vendors
Embedded Security System Manufacturers
Embedded Security System Distributors
Organizations
Government Bodies.
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.
LOADING
LOADING
×
Please Enter Your Contact Details it will help our analyst to reach out to You!
The Global Embedded Security System Market is estimated to grow from USD 4.5 billion in 2020 to USD 6.3 billion by 2026 at a healthy CAGR of 6.1% during the forecast period.
Growing adoption of wearable devices in healthcare sectors augments the demand for embedded security. Moreover, wearable devices are creating an increasingly wide footprint in the healthcare sector.
North America Embedded Security System market accounted for a significant share in 2020 and is expected to grow at a robust CAGR during the review period.
The target audience of Embedded Security System Market includes- Embedded Security System Vendors, Embedded Security System Manufacturers, Embedded Security System Distributors, Organizations, Government Bodies.