Embedded Security Market Growth, Analysis Report, Share, Trends and Overview 2022-2028
The embedded security market is
anticipated to witness a considerable CAGR during the forecast period. Embedded
security is used to protect the software and services running on embedded
systems from the internal or external attack. The rising trend of IoT to
seamlessly connect, interact, and exchange information between billions of
digital devices, services, and other physical objects is creating the demand
for embedded security. Cryptographic algorithms and hardware architecture for
extremely low power memory and processing requirements trusted platform module,
and standardized security protocol among others are the vital building blocks
for the embedded security for the IoT devices. The key market players are
engaged in launching new products to keep pace with respect to the market
demand.
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For instance, in April 2020, Sectigo
entered into a partnership with Infineon Technologies AG to provide automated
certificate provisioning for Infineon’s OPTIGA Trusted Platform Module (TPM)
2.0 using Sectigo IoT Identity Manager. The IoT integration within devices work
on data locally and offer to automate corrective responses and can be utilized
to store data on the cloud for getting better business insights for better
decision making. By utilizing IoT integration service, enterprises can track
the activity on their personal devices, monitor data, and identify web
activities which the workers in the enterprise are not authorized to do. To
make an effective business decision with improved visibility and enhanced
control over the workplace, the utility of workplace management solution is
increasing thereby, driving the growth of the global embedded security market.
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Furthermore, the huge adoption of
wearable devices in healthcare increases the demand for embedded security,
which in turn is driving the market growth. Fitness trackers, sensors,
smartwatches, and virtual reality and augmented reality headsets are the major
wearables that make use of IoT in their functioning. IoT in medical devices
involves interaction and synchronization between machine to machine and
connectivity to a cloud platform through which data generated by devices is
collected, stored and analyzed. The collected information is of critical nature
which needs to be secured thus creating the need for embedded security, which
in turn is driving the global embedded security market.
Global
Embedded Security Market Segmentation
By
Component Type
·
Hardware
·
Software and Service
By
Application
·
Authentication
·
Payment
·
Content Protection
·
Others
By
End-User
·
Automotive
·
Healthcare
·
IT & Telecomm
·
Aerospace & Defense
·
Consumer Electronics
·
Others
Global
Embedded Security Market – Segment by Region
North America
·
United States
·
Canada
Europe
·
Germany
·
United Kingdom
·
France
·
Spain
·
Italy
·
Rest of Europe
Asia-Pacific
·
China
·
Japan
·
India
·
Rest of
Asia-Pacific
Rest of the World
·
Middle East &
Africa
·
Latin America
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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