Embedded Security Market Is Expected To Reach around USD 9.8 Billion by 2028, Grow at a CAGR Of 5.7% from 2023 to 2028

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MarketsandMarkets Presents

Embedded Security Market Is Expected To Reach
around USD 9.8 Billion by 2028, Grow at a CAGR Of
5.7 from 2023 to 2028 Embedded Security Market
by Offering (Hardware (Secure Element, Embedded
Sim, Hardware Token), Software, Services),
Security Type (Authentication and Access
Management, Payment, Content Protection),
Application and Region - Global Forecast to
2028 https//www.marketsandmarkets.com/Market-Rep
orts/embedded-security-market-63839062.html
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The embedded security market size has been
estimated to be valued at USD 7.4 Billion in 2023
and is projected to reach USD 9.8 Billion by
2028, growing at a CAGR of 5.7 from 2023 to
2028.  The growth of the embedded security
market is attributed to several key factors.
Firstly, the increased connectivity of devices
and gadgets to the Internet, known as IoT, makes
them vulnerable to cyberattacks. Security tools
integrated into these devices play a role in
safeguarding them from such attacks. Secondly,
the use of advanced AI, specifically generative
AI, to create malicious content that can harm
devices is on the rise. Security tools are
effective in detecting and preventing these
harmful actions.  Browse 150 market data Tables
and 60 Figures spread through 230 Pages and
in-depth TOC on "Embedded Security Market -
Global Forecast to 2028
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Based on security type, payment segment likely
to dominate the overall embedded security market
between 2023 and 2028 The prevalence of embedded
security in payment applications can be
attributed to several pivotal factors. Firstly,
it safeguards sensitive data like credit card
details and bank account numbers, shielding them
from unauthorized access, usage, or exposure.
Additionally, it acts as a bulwark against
fraudulent activities by verifying the legitimacy
of payment initiators through techniques like
biometric authentication, device fingerprinting,
and transaction scrutiny. Moreover, embedded
security aids businesses in adhering to the
escalating global governmental regulations
concerning payment application security. Lastly,
it plays a crucial role in bolstering customer
assurance, addressing the mounting apprehensions
around payment data security and ensuring that
users feel their information is
well-protected. Ask PDF Brochure https//www.mar
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Hardware segment likely to account for largest
market share for embedded security market from
2023 to 2028 Hardware-embedded security is
essential to protect sensitive data in a variety
of applications. As the number of connected
devices and the amount of sensitive data
continues to grow, the need for hardware-embedded
security will only become more critical. The most
commonly used hardware security are secure
elements, embedded SIM, trusted platform modules,
hardware security modules, and hardware tokens. A
secure element is a tamper-resistant microchip
that is used to store cryptographic keys and
perform cryptographic operations. Secure elements
are often used in payment cards, mobile devices,
and other IoT devices to protect sensitive data.
An embedded SIM (eSIM) is a digital SIM card that
is embedded in a device. eSIMs are becoming
increasingly popular as they offer a more secure
and convenient way to manage cellular
connectivity.
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Smart Identity Cards application segment to
witness the largest market share in the overall
embedded security market during the forecast
period The widespread adoption of embedded
security in smart identity card applications can
be attributed to several key factors. Firstly,
the increasing popularity of smart identity cards
for verifying individuals identities, driven by
the growing need for secure identification in
areas such as e-government services, border
control, and access management. Secondly, the
advancing sophistication of cyberattacks that
traditional security measures struggle to
counter, making embedded security essential for
protecting smart identity cards from these
evolving threats. Additionally, the rising
regulatory emphasis on the security of smart
identity cards worldwide necessitates the
integration of embedded security to ensure
compliance. Request Free Sample
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mpleNew.asp?id63839062 APAC to lead the
embedded security market between 2023 and 2028 A
combination of influential factors is propelling
the embedded security market in the Asia Pacific
region. There's a significant surge in the
adoption of embedded security in various end-use
applications, including IoT devices, automotive
systems, and wearables. This is due to the
increasing recognition of embedded security's
crucial role in safeguarding sensitive data and
ensuring the integrity of these interconnected
technologies. Additionally, the growing
prevalence of cyber threats and sophisticated
attacks in the region necessitates more robust
security measures, leading to an increased demand
for embedded security solutions. Moreover,
regulatory requirements and standards set by
governments are compelling businesses to
implement powerful security mechanisms, thus
driving the market forward. The rise in digital
transformation initiatives and the proliferation
of online transactions further emphasize the
importance of embedded security, boosting its
market growth.
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Opportunity Introduction of 5G and development
of 5G-enabled embedded devices The advent of 5G
technology is expected to serve as an opportunity
for growth of the market for embedded security
systems. The GSM Association (GSMA) estimates
that by 2034, the 5G sector will have contributed
USD 2.2 trillion to the global economy,
accounting for 5.3 of the global GDP growth. As
a result, the production of embedded devices
based on 5G architecture is expected to grow in
the future. Embedded devices used in automotive
smart camera surveillance systems deliver faster
response rates due to the integration of 5G in
their design. Additionally, 5G technology is
expected to help address the challenges faced
during industrial automation and smart farming as
it enables faster image processing. Therefore,
embedded devices that support 5G infrastructure
are expected to further the market
growth. Challenge Complexities involved in
designing embedded systems While some embedded
systems are quite simple, they are gradually
becoming complex, and an increasing number of
them can either replace human decision-making or
provide capabilities beyond what a human can
deliver. For example, some aviation systems, such
as those used in drones, can integrate sensor
data and act on it faster than a human, allowing
for new types of operating characteristics.
Designing of such applications that offer so many
features poses a challenge that can reduce the
effectiveness of an embedded system.
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Embedded Security Market Ecosystem An embedded
security system is a set of computer hardware,
software, firmware, and operating system designed
to perform a specific function. These systems may
be configurable or fixed to perform certain
tasks. Embedded systems can be found in
industrial machinery, consumer electronics,
agricultural and processing equipment,
automobiles, medical equipment, cameras,
smartwatches, household items, aircraft,
commercial equipment, toys, and mobile devices.
Key players in embedded security system ecosystem
includes Infineon Technologies AG, NXP
Semiconductors, Qualcomm Technologies, Inc.,
Texas Instruments Incorporated,
STMicroelectronics, Thales Group, Samsung,
Broadcom, Cisco, Rambus, IBM, Microchip
Technology, Inc., . IDEMIA, and Renesas.
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