Embedded Security Global Market is Projected to Reach $8.2 Billion by 2030: Robust Outlook for Embedded Systems to Spur Growth

Dublin, May 09, 2023 (GLOBE NEWSWIRE) -- The "Embedded Security: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Embedded Security estimated at US$4.9 Billion in the year 2022, is projected to reach a revised size of US$8.2 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2022-2030.

Secure Element & Embedded SIM, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Trusted Platform Module segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.7 Billion, While China is Forecast to Grow at 7.9% CAGR

The Embedded Security market in the U.S. is estimated at US$1.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.4 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.2% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Select Competitors (Total 240 Featured) -

• Cisco Systems, Inc.
• CYBERNET SYSTEMS CO. LTD.
• ESCRYPT GmbH
• IDEMIA Group
• Infineon Technologies AG
• Intellias Inc.
• Karamba Security, Ltd.
• McAfee, LLC
• Microchip Technology Inc.
• NXP Semiconductors N.V.
• Qualcomm Technologies, Inc.
• Rambus Incorporated
• Renesas Electronics Corp.
• Samsung Electronics Co., Ltd.
• Sectigo, Ltd.
• STMicroelectronics
• Texas Instruments Inc.
• Thales Group

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Need for End-to End Protection from Cyberattacks Provides the Foundation for the Growth of Embedded Security
• Vulnerability in the Information Age Opens a Goldmine of Opportunities for Embedded Security Solutions: Global Number of Cyberattacks by Industry as of the Year 2021
• Cyber Losses are Increasing in Frequency & Severity & Here are the Facts: Number of Weekly Attacks Per Company by Geographic Region for the Years 2020 and 2021
• Discussing Prognosis: Here's What Everyone Should Know About the Pandemic & the Global Economy
• Mutating Coronavirus is the New Pandemic Challenge in 2022 - After Omicron, Comes Stealth Omicron Fueling Fresh Waves of Infections Across the Globe
• With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
• With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of January 2022
• At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
• How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
• Split Scenarios Unfold: The Great Vaccine Divide Emerges
• With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of January 2022
• The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
• Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
• The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
• Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
• Dragging Pandemic, New Virus Strains, Fresh Societal Risks, Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
• Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Comes Into Play, Lowering Growth Expectations for 2022 & 2023: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
• New Bursts of Inflation Caused by Russia-Ukraine War Threatens Economic Recovery
• Competition
• Embedded Security - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Embedded Security: Overview, Importance & Benefits
• Recent Market Activity
• Innovations

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Robust Outlook for Embedded Systems to Spur Gains in the Embedded Security Market
• Growing Popularity & Use of Embedded Systems Drives the Need for Embedded Systems Security to Prevent Malicious Access: Global Market for Embedded Systems (In US$ Billion) for Years 2021, 2023, 2025 and 2027
• Embedded Security for IoT Storms into the Spotlight
• Growing Ecosystem of IoT Devices Bodes Well for Embedded Security Solutions: Global Number of IoT Connected Devices (In Billion) for Years 2015, 2017, 2019, 2021, 2023, and 2025
• Heightened Concerns Over Cyber Risk for Industrial Control Systems, Drives the Need for Embedded Security
• Growing Spending on Industrial Cybersecurity Expands the Addressable Market Opportunity for Embedded Security Solutions: Global Market for Industrial Cybersecurity (In US$ Million) for Years 2021, 2023, 2025 and 2027
• Growing Demand for Military Embedded Systems Along with Robust Spending on Military & Defense Bodes Well for Growth in Embedded Security
• Robust Defense Spending Opens Opportunities for Increased Investments in Military Embedded Systems & Embedded Security: World Military Expenditure (In US$ Billion) for Years 2019, 2020 and 2021
• Global Military Embedded Systems Market by Application (2021 & 2027): Percentage Breakdown of Revenues for Intelligence, Surveillance, & Reconnaissance (ISR), Command & Control, Communication & Navigation, Electronic Warfare (EW), Weapon & Fire Control, and Other Applications
• Global Spending on Military Embedded Systems (In US$ Million) for Years 2021, 2023, 2025 and 2027
• Embedded Security Using Cryptography Hogs the Limelight
• With Connected Care Gaining Prominence, Cybersecurity Threats Looming Over Medical Wearables Augments Demand for Embedded Security
• Growing Use Case for Embedded Security in Electric Vehicles & Autonomous Cars

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/lgcasc

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• Global Market for Embedded Security