Embedded Security System Market Report

Market Insights

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.

Figure: Embedded Security System Market Size, 2020-2026 (USD Billion)

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What is Embedded Security System?

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?
• What is the market share of the top vendors?

Target Audience

The target audience of Embedded Security System Market includes-

• Embedded Security System Vendors
• Embedded Security System Manufacturers
• Embedded Security System Distributors
• Organizations
• Government Bodies.

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