The Embedded Security Market is expected to grow from USD 8.4 billion in 2025 to USD 14.1 billion in 2030, at a CAGR of 10.85%.
Embedded Security Market Highlights:
Embedded security is one of the common approaches 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 payment functionality in wearables, the embedded security market is expected to witness significant growth over the forecast period. Embedded security is considered an important component in advanced systems to prevent cyberattacks. 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.
In addition, even toda,y major IoT industry leaders believe that security concerns are one of the major barriers 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, an embedded security solution is considered a 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, the arrival of strict regulation that mandates vehicle data protection is expected to create new opportunities for manufacturers 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 vehicles are considered as a way to safeguard vehicles from hacking by using cybersecurity measures.
In addition to the government measures, the act, which is being developed by the National Highway Traffic Safety Administration (NHTSA), also regulates the information collected, transmitted, or shared by the vehicle by sharing the same with its owner, thereby increasing the protection/security.
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, and 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 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, the North American region is anticipated to hold a significant share of the market, and with favorable government policies and investments, the embedded security market is anticipated to witness significant growth over the forecast period. For instance, the 2019 United States budget includes a 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 advanced cybersecurity systems. Similarly, the new five-year budget of US$145 million by the Canadian government for the country’s critical cyber systems in various industries is expected to further increase the demand for embedded security solutions in the region.
The major players profiled in the Global Embedded Security market include Infineon Technology AG, Advanced Card Systems Ltd.[1], Precise Biometrics, McAfee Solutions, Gemalto NV, Texas Instruments Incorporated, Renesas Electronics Corporation, 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 their 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.
| Report Metric | Details |
|---|---|
| Total Market Size in 2025 | USD 8.4 billion |
| Total Market Size in 2030 | USD 14.1 billion |
| Forecast Unit | Billion |
| Growth Rate | 10.85% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Segmentation | Application, End-User Industry, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
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