USD 9.13 Billion
Embedded Security Market Size, Share, and Growth Analysis
Embedded Security Market By Component (Hardware, Software), By Security Type (Authentication & Access Management, Payment), By Application (Wearables, Smartphones), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45K2061 |
Region:
Global |
Published Date: December, 2024
Pages:
157
|Tables:
41
|Figures:
74
Format -
Embedded Security Market Insights
Embedded Security Market size was valued at USD 9.13 Billion in 2023 and is poised to grow from USD 10.13 Billion in 2024 to USD 23.16 Billion by 2032, growing at a CAGR of 10.9% during the forecast period (2025-2032).
Surging demand for connected devices and IoT (Internet of Things) devices are projected to bolster the adoption of embedded security in the future. Growing prevalence of cyberattacks and data breaches is also slated to create new opportunities for embedded security providers over the coming years. Increasing sophistication of cyber threat landscape is also estimated to bolster the demand for novel embedded security solutions going forward. Advancements in security hardware technologies and development of novel embedded solutions are also estimated to promote revenue generation for market players in the long run. On the contrary, complexity in integration, dearth of skilled professionals, concerns over impact on system performance, and rapid evolution of cyber threat landscape are anticipated to emerge as key constraints for the global embedded security market growth across the forecast period and beyond.
US Embedded Security Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2025-2032
Global Market Size
Largest Segment
Hardware
Fastest Growth
Services
Growth Rate
10.9% CAGR
Global Embedded Security Market ($ Bn)
Country Share for North America Region (%)
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Embedded Security Market Segments Analysis
Global Embedded Security Market is segmented by Component, Security Type, Application and region. Based on component, the market is segmented into Hardware (Secure Element, Embedded SIM, Trusted Platform Modules, Hardware Security Modules, Hardware Token), Software, Service. Based on Security Type, the market is segmented into Authentication & Access Management, Payment, Content Protection. Based on application, the market is segmented into Wearables, Smartphones, Healthcare, Consumer Electronics, Telecommunications, Aerospace & defence, Automotive, Smart Identity Cards, Industrial, Payment Processing & Card, Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by Component
Hardware segment is forecasted to account for the largest global embedded security market share over the coming years. Growing need for advanced hardware for embedded security solutions and rising investments in R&D for the same are slated to bolster the dominance of this segment going forward. Surging demand for better processors and other hardware components to improve the performance capabilities of embedded security solutions are also expected to offer new business scope for embedded security providers going forward. Growing demand for hardware-based encryption and secure boot processes is also slated to create new opportunities for embedded security companies investing in this segment through 2031.
Meanwhile, the demand for embedded security services is slated to rise at an impressive CAGR across the study period and beyond. Growing emphasis on outsourcing security operations around the world is expected to help generate new business scope for embedded security companies focusing on this segment. High adoption of managed security services is also expected to boost revenue generation for embedded security companies targeting this segment. Increasing complexity of security systems and dearth of skilled professionals are also expected to promote the demand for embedded security services in the long run.
Analysis by Security Type
Payment segment is forecasted to hold a substantial chunk of the global embedded security market share in the future. Growing incidence of financial frauds and rising use of digital payment solutions are expected to help this segment offer new opportunities for embedded security providers in the future. Rising complexity of financial transactions and payment gateways is also expected to bolster the demand for advanced embedded security solutions. Increasing investments in the development of tamper-proof security systems and solutions in the financial industry is also forecasted to create new business scope for embedded security providers targeting this segment through 2031 and beyond.
On the other hand, the use of embedded security for authentication and access management is slated to rise at a notable pace in the long run. Increasing adoption of remote work trend coupled with high use of bring your own device trend are bolstering the importance of embedded security solutions for authentication and access management. Rising use of cloud platforms and increasing incidence of data breaches through endpoints are also slated to offer new business scope for embedded security providers over the coming years. Multi-factor authentication (MFA), single sign-on (SSO), and adaptive authentication are some popular types of access and authentication procedures offered by embedded security solutions.
Global Embedded Security Market By Component
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Embedded Security Market Regional Insights
North America is estimated to spearhead the global embedded security demand outlook in the future. Growing sophistication of cyberattacks, rising investments in the R&D of novel security technologies, and rising use of connected devices are expected to help make this the most opportune market in the world. Moreover, the imposition of stringent data privacy and protection regulations are also expected to help this region maintain its dominant stance going forward. Canada and the United States are slated to be the leading markets for embedded security vendors owing to high emphasis on cybersecurity amongst all types of organizations in these countries.
The Asia Pacific region is forecasted to emerge as the fastest-expanding market in the world for embedded security providers. Growing digital transformation, growing adoption of connected devices and technologies, and rising awareness regarding cybersecurity are offering new opportunities for embedded security companies. The launch of new smart city initiatives and rising popularity of connected vehicles are also forecasted to help boost revenue from the Asia Pacific region. China, India, and Japan are slated to emerge as the key markets in this region for embedded security providers owing to rising incidence of cyberattacks and data breaches.
Global Embedded Security Market By Region
- Largest
- Fastest
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Embedded Security Market Dynamics
Embedded Security Market Drivers
Surging Incidence of Cyberattacks
-
The prevalence of cyberattacks and data breaches is increasing rapidly around the world as digital transformation picks up pace. From ransomware to data breaches, businesses and governments face critical challenges in safeguarding sensitive information, pushing the demand for embedded security technologies across industries. Growing awareness regarding cyberattacks is expected to help boost the global embedded security market outlook in the future.
Rising Use of IoT and Connected Devices
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Advancements in connected technologies have led to a major uproar in the adoption of IoT devices around the world. Healthcare, automotive, and smart homes are the top industry verticals where the use of IoT and connected devices is surging rapidly. Embedded security ensures secure communication and data integrity for these connected devices thereby driving their adoption.
Embedded Security Market Restraints
Complexity in Integration
-
Integrating embedded security solutions with existing IT infrastructure and devices is a technically challenging task. Compatibility issues and the need for customized solutions increase development time and costs, which in turn is slated to slow down the demand for embedded security going forward. Additional costs incurred for integration are also contributing to this restraint.
Concerns Regarding Performance Impact
-
Adding security features to embedded systems can result in increased power consumption and also have a negative impact on the overall system performance as well. These trade-offs may discourage manufacturers from adopting comprehensive security measures and utilizing embedded security solutions, particularly in cost-sensitive applications where trade-offs are not affordable.
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Embedded Security Market Competitive Landscape
To address the increasingly complex cybersecurity landscape, embedded security market players need to be updated with evolving threat landscape. Collaborations and partnerships will be crucial strategies for companies looking to expand their global presence. Use of advanced technologies and product innovation are crucial strategies for almost all embedded security companies in the long run.
Top Players in Embedded Security Market
- Infineon Technologies AG
- STMicroelectronics N.V.
- Texas Instruments Inc.
- Microchip Technology Inc.
- NXP Semiconductors
- Karamba Security
- Intellias Ltd
- Idemia Group
- Qualcomm Inc.
- Cypress Semiconductor Corporation
- Thales Group
- Secunet Security Networks AG
- Secure-IC
- Lattice Semiconductor Corporation
- Synopsys, Inc.
- Enea AB
Embedded Security Market Recent Developments
- In November 2024, Emproof and DDC-I announced their strategic partnership to release new and advanced embedded security solutions. The new offerings were intended to be developed and launched for Deos™-based systems to offer tailored and flexible security.
- In July 2023, Kaspersky, a leading security solutions provider announced the launch of support for Linux-based devices for their Kaspersky Embedded Systems Security offering. This move helped Kaspersky expand its business scope and provide better security for Linux-based connected devices around the world.
- In June 2023, Infineon Technologies AG, a leading semiconductor manufacturer announced the launch of its new embedded security solution. Edge Protect™ embedded security is capable of fulfilling security requirements of IoT devices to meet regulatory and industry standards as risk of cyberattacks in connected devices rises.
Embedded Security Key Market Trends
- Use of Artificial Intelligence: Embedded security companies should focus on integrating their solutions with advanced technologies such as machine learning and artificial intelligence. These technologies enhance the capability to predict and prevent cyberattacks, making security systems more proactive and intelligent. Emphasizing this embedded security market trend can help companies stand out from the competition in the long run.
- End-to-End Security Solutions: Embedded security providers should invest in the development of end-to-end solutions that are capable of covering the entire product lifecycle from manufacturing to deployment and decommissioning. Such end-to-end embedded security solutions provide continuous protection against physical and digital threats, offering a seamless security framework.
Embedded Security Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing prevalence of cyberattacks and rising popularity of the remote work trend are slated to be prime factors driving the demand for embedded security. However, challenges in integration and concerns regarding impact on system performance are slated to slow down embedded security market growth in the future. North America is slated to emerge as the dominant market owing to quick adoption of connected device technologies and rising emphasis on adoption of advanced security measures in organizations. Development of end-to-end security solutions and use of artificial intelligence are slated to offer new opportunities for embedded security providers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 9.13 Billion |
| Market size value in 2032 | USD 23.16 Billion |
| Growth Rate | 10.9% |
| Base year | 2024 |
| Forecast period | 2025-2032 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Embedded Security Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Embedded Security Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Embedded Security Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Embedded Security Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Embedded Security Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Embedded Security Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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