The Global Embedded Security Market Size Was Valued At USD 8.04 Billion In 2021. The Market Is Projected To Grow From USD 8.23 Billion In 2022 To USD 17.03 Billion By 2030, Exhibiting A CAGR Of 10.9% During The Forecast Period.
Embedded Security Market Overview
Global Embedded Security Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global Embedded Security market. This report provides a detailed overview of key factors in the Embedded Security Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Embedded Security in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.
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Market Overview:
The global COVID-19 pandemic has been unprecedented and shocking, and the demand for embedded security is lower than expected in all regions compared to levels before the pandemic. Our research shows that the global market fell by 9.2% between 2019 and 2020.
Embedded security is a strategic way to protect software that runs on systems that are built-in. It is a piece of hardware that helps software do its job. This is how the systems are set up so that they can do certain security tasks. It is mostly used in process control units, aeroplanes, consumer electronics, hybrid cars, and other appliances. It is a very trustworthy system that can handle any kind of security system uncertainty. The firmware inside the security system is hard to change or update. Most systems are made to last longer than 15 years, though. As the Internet of Things (IoT) and industrial automation become more popular, the capabilities of embedded platform security systems are changing. This is because the number of cyberattacks is growing quickly. As the number of connected devices grows, security built into devices has become more important.
Some of the key players profiled in the study are
ADVANTECH CO. LTD. (Taiwan), ANALOG DEVICES INC (U.S.), BAE SYSTEMS PLC (U.K.), BROADCOM INC (U.S.), CISCO System (U.S.), Infineon Technologies AG (Germany), STMicroelectronics (Switzerland), NXP Semiconductors (Netherlands), IBM Corporation (U.S.), MCAFEE LLC (U.S.), Microchip Technology (U.S.), and Others.
Embedded Security Market Segmentation:
By Component:
- Hardware
- Service
- Others
By Application:
- Payment
- Authentication
- Content Protection
- Others
By End-user:
- Automotive
- Healthcare
- Consumer Electronics
- Telecommunications
- Aerospace & Defense
- Others
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.
Regional Insights:
The Asia-Pacific market was worth $4.35 billion USD in 2021, and since it is the biggest market in the world, it is likely to keep growing. In the aerospace and defence industry, as well as in the auto industry, more and more embedded device security and critical infrastructure protection devices are being used. This is driving the market in the Asia-Pacific region. Also, the best companies use business strategies like growing their businesses, working together, and making new products, which is helping to move the market in the Asia-Pacific region.
In 2021, China was in charge of the Asia-Pacific region because it was using IoT more and more.
China makes more money than any other country in the Asia-Pacific area. Fortune Business Insights did a study that says China will keep doing this for the next few years. China is in first place because it has a lot of factories that make sensors and semiconductors. It is also quickly using cutting-edge technologies like connected device security and end-to-end IoT security in its day-to-day manufacturing, which is helping to grow the market.
Some of the best companies support different business strategies, such as partnerships, mergers, and business growth. China is a hub for making sensors that are used in embedded devices all over the world. This is one reason why the market in China is growing so quickly.
Asia-Pacific is expected to grow the most during the time period covered by the forecast. Because some of the best companies in the world are based in China and Japan. Also, more and more small and medium-sized businesses and companies in developing countries like Japan, South Korea, and Singapore make security equipment. The power, energy, and utility industries are using IoT more and more, which is driving the market in the region. Some local government agencies have been working on embedded and Internet of Things (IoT) security to drive the market in the area.
In North America, the U.S. market will grow a lot over the next few years because both Canada and the U.S. are using more modern technology in defence, aerospace, and manufacturing.
Germany ruled the market in Europe in 2021, and it will continue to do so for the next few years. This is because Germany is the centre of the manufacturing industry and has a lot of IoT and connected devices, which drives the use of connected security in the country. During the period of the forecast, the country is also expected to have the highest CAGR. This is because it has a lot of places for R&D and making things.
South America, the Middle East, and Africa have slow-growing markets because people there don’t use modern technology as much and there aren’t enough skilled workers to make and design security systems.
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Table of Content of Embedded Security Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Embedded Security market (2023-2030).
2: Exclusive Summary – the basic information of the Global Embedded Security Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Embedded Security; Post COVID Analysis.
4: Presenting the Global Embedded Security Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Embedded Security Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2030).
… To be continued
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Key Questions Answered in the Embedded Security Market Report:
- How much was the global Embedded Security market in 2022?
- How much will the global Embedded Security market worth in 2030?
- At what compound annual growth rate will the global Embedded Security market grow?
- Which segment is estimated to lead the Construction Robot market during the forecast period?
- What is the key market driver for the growth of the global Embedded Security market?
A wealth of financial data & business strategy information is provided including:
- Up-to-date company financials, sales & revenue figures.
- Revenue and market forecasts.
- Business model strategies for niche companies.
- A comprehensive explanation of company products, financials & portfolios.
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