Embedded Security Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Application (Programming, Home And Industrial Au-tomation, Authentication, Payment Processing, Others), By End-User Industry (Manufacturing, Consumer Electronics, Au-tomotive, Information Communication And Technology, Healthcare, Others), And By Geography - Forecasts From 2021 To 2026
Published:  May 2021 Report Code: KSI061611375 Pages: 131

The global embedded security market is expected to grow at a compound annual growth rate of 6.84% over the forecast period to reach a market size of US$5.633 billion in 2026 from US$3.787 billion in 2020. 

Embedded security is one of the common approach that is used to protect software running on embedded systems from attack. Growing IoT applications is increasing the demand for IoT security and with the inclusion of payments functionality in wearables the embedded security market is expected to witness significant growth over the forecast period. Embedded security is considered as an important component in the advance systems to prevent the cyber-attack. Integration of embedded security in electric vehicles coupled with the growing adoption of smart city technologies is expected to be one of the drivers for the growth of the market in the coming years.

embedded security market

In addition, even today major IoT industry leaders believe that the security concerns are one of the major barrier towards the adoption of IoT in various parts of the world and underlining the complexity that the major companies face in protecting their IoT deployments and data, as well as their existing communications networks embedded security solution is considered as one stop for all end users.

Besides, the automotive cybersecurity market is gaining traction around the globe and with the increasing number of connected cars the industry is anticipated to witness significant growth over the forecast period. Also, with the arrival of strict regulation that mandates the vehicle data protection is expected to create new opportunities for manufactures and service providers in the coming years. For instance, the Security and Privacy in Your (SPY) Car Act, legislation proposed in the US in 2015, aims to mandate that critical software systems in automotive vehicle are considered as a way to safeguard the vehicle from hacking by using cybersecurity measures. In addition to the government measures, the act, that is being developed by the National Highway Traffic Safety Administration (NHTSA) also regulate the information collected, transmitted, or shared by the vehicle by sharing the same with its owner thereby increasing the protection/security.

Recent deals and investments:

  • December 2020: UK-based fintech Liberis, announced that the company has secured £70 million in financing from long-term partners British Business Investments, Paragon Bank, BCI Europe, as well as financing and venture debt from new partner Silicon Valley Bank (SVB) to invest and focus on its embedded business finance platforms.
  • March 2020: IKV launched its software-based security solution and used the Intrinsic ID’s BroadKey, a secure root key generation and management software solution for IoT security. The latest security solution enables device manufacturers to secure their products with an internally generated, unique identity.
  • June 2019: UltraSoC secures £5 million investment to target safety and security applications with its embedded analytics.

Regionally, North American region is anticipated to hold a significant share in the market and with the favorable government policies and investments the embedded security market is anticipated to witness significant growth over the forecast period.For instance, 2019 United States budget includes the US$15 billion budget for cybersecurity-related activities and the airport and airway trust fund was allotted US$32.4 million emphasizing the research and development of advance cybersecurity systems. Similarly, the new five-year budget of US$ 145 million by the Canadian government towards the country’s critical cyber systems in various industries is expected to further increase the demand of embedded security solutions in the region.

embedded security market

The major players profiled in the Global Embedded security market include Infineon Technology AG, Advanced Card Systems Ltd., Precise Biometrics, McAfee Solutions, Gemalto NV, Texas Instruments Incorporated, Renesas Electronics Corporated, Microchip Technology, Inc., Symantec Corporation, and Microcomputer Applications, Inc. among others. The players in the global embedded security market are implementing various growth strategies to gain a competitive advantage over its competitors. Major market players in the market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last few years. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Embedded Security Market Scope:

Report Metric Details
 Market size value in 2020  US$3.787 billion
 Market size value in 2026  US$5.633 billion
 Growth Rate  CAGR of 6.84% from 2020 to 2026
 Base year  2020
 Forecast period  2021–2026
 Forecast Unit (Value)  USD Billion
 Segments covered  Application, End User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered Infineon Technology AG, Advanced Card Systems Ltd., Precise Biometrics, McAfee Solutions, Gemalto NV, Texas Instruments Incorporated, Renesas Electronics Corporation, Microchip Technology, Inc., Symantec Corporation, Microcomputer Applications, Inc.
 Customization scope  Free report customization with purchase

 

Segmentation:

  • By Application
    • Programming
    • Home and Industrial Automation
    • Authentication
    • Payment Processing
    • Others
  • By End User Industry
    • Manufacturing
    • Consumer Electronics
    • Automotive
    • Information Communication and Technology
    • Healthcare
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the embedded security market size by 2026?
A1. The global embedded security market is expected to reach a total market size of US$5.633 billion by 2026.
 
Q2. What is the size of global embedded security market?
A2. Embedded Security market was valued at US$3.787 billion in 2020. 
 
Q3. What are the growth prospects for embedded security market?
A3. The embedded security market is expected to grow at a CAGR of 6.84% during the forecast period.
 
Q4. What factors are anticipated to drive the embedded security market growth?
A4. Growing IoT applications is increasing the demand for IoT security and with the inclusion of payments functionality in wearables the embedded security market is expected to witness significant growth over the forecast period.
 
Q5. Which region holds the largest market share in the embedded security market?
A5. The North American region is anticipated to hold a significant share in the embedded security market.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
 
2. Research Methodology
2.1. Research Data
2.2. Assumptions
 
3. Executive Summary
3.1. Research Highlights
 
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
 
5. Global Embedded security Market Analysis, By Application (Value in US$ billion) 
5.1. Introduction
5.2. Programming
5.3. Home and Industrial Automation
5.4. Authentication
5.5. Payment Processing
5.6. Others
 
6. Global Embedded security Market Analysis, By End User Industry (Value in US$ bil-lion) 
6.1. Introduction
6.2. Manufacturing
6.3. Consumer Electronics
6.4. Automotive
6.5. Information Communication and Technology
6.6. Healthcare
6.7. Others
 
7. Global Embedded security Market Analysis, by Geography (Value in US$ billion) 
7.1. Introduction
7.2. North America (Value in US$ billion) 
7.2.1. North America Embedded security Market Analysis, By Application, 2020 to 2026
7.2.2. North America Embedded security Market Analysis, By End User Industry, 2020 to 2026
7.2.3. By Country
7.2.3.1. United States
7.2.3.2. Canada
7.2.3.3. Mexico
7.3. South America (Value in US$ billion) 
7.3.1. South America Embedded security Market Analysis, By Application, 2020 to 2026
7.3.2. South America Embedded security Market Analysis, By End User Industry, 2020 to 2026
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.2. Argentina
7.3.3.3. Others
7.4. Europe (Value in US$ billion) 
7.4.1. Europe Embedded security Market Analysis, By Application, 2020 to 2026
7.4.2. Europe Embedded security Market Analysis, By End User Industry, 2020 to 2026
7.4.3. By Country
7.4.3.1. Germany
7.4.3.2. United Kingdom
7.4.3.3. France
7.4.3.4. Italy
7.4.3.5. Others
7.5. The Middle East and Africa (Value in US$ billion) 
7.5.1. Middle East and Africa Embedded security Market Analysis, By Application, 2020 to 2026
7.5.2. Middle East and Africa Embedded security Market Analysis, By End User Industry, 2020 to 2026
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.2. UAE
7.5.3.3. Others
7.6. Asia Pacific (Value in US$ billion) 
7.6.1. Asia Pacific Embedded security Market Analysis, By Application, 2020 to 2026
7.6.2. Asia Pacific Embedded security Market Analysis, By End User Industry, 2020 to 2026
7.6.3. By Country
7.6.3.1. China
7.6.3.2. Japan
7.6.3.3. South Korea
7.6.3.4. India
7.6.3.5. Others
 
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
 
9. Company Profiles
9.1. Infineon Technology AG
9.2. Advanced Card Systems Ltd.
9.3. Precise Biometrics
9.4. McAfee Solutions
9.5. Gemalto NV
9.6. Texas Instruments Incorporated
9.7. Renesas Electronics Corporated
9.8. Microchip Technology, Inc.
9.9. Symantec Corporation
9.10. Microcomputer Applications, Inc.

Infineon Technology AG

Advanced Card Systems Ltd.

Precise Biometrics

McAfee Solutions

Gemalto NV

Texas Instruments Incorporated

Renesas Electronics Corporation

Microchip Technology, Inc.

Symantec Corporation

Microcomputer Applications, Inc.

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us