Global Embedded Security Market – Industry Analysis and Forecast (2017-2024)
Global Embedded Security Market is expected to grow from USD 3.68 Billion in 2016 to USD 5.60 Billion by 2024, at a CAGR of 5.4% between 2017 and 2024. (Detailed analysis of the market CAGR is provided in the report)
Global Embedded Security Market
Growing IoT applications increasing the need for IoT security, integration of embedded security in electric vehicles and need for integrated security solution for IoT, demand for additional security for legacy systems due to rise in internet penetration rate and adaptation of cloud technologies, and government agencies promoting digitization are the major factors fueling the growth of global Embedded Security Market.
However, industry-specific protocols and non-adherence to government regulations due to lack of auditing are the key restraining factors for the market growth.
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• Payment processing and cards application from the application segment is anticipated to account for the largest share of the Global Embedded Security Market by 2024. Extensive use in EMV cards is the key factor fueling the growth of payment processing and cards application segment
• However, Global Embedded Security Market for wearables application is anticipated to witness higher growth rates during the forecast period. This growth can be attributed to the promotion of a new era for payments companies and manufacturers to use wearables, which is expected to boost the overall Global Embedded Security Market
• Among geographical regions, APAC accounted for the largest share of the market for embedded security. China accounts for the largest market share in this region, as it is a huge manufacturing hub for smartphones and automotive applications, these applications further demand embedded security, thus driving the Global Embedded Security Market in this region
• Global Embedded Security Market for authentication and access management segment is expected to grow at the highest CAGR between 2017 and 2024. Owing to advantages of authentication and access management security type of it helps to adhere to the PCI DSS regulatory compliances, it enables customer for secure transaction of sensitive data over different digital payment platforms and provides security to the customer
Key Highlights:
• Analysis of competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Global Embedded Security Market
• The objective of the report is to provide a detailed analysis of the Global Embedded Security Market on the basis of security type, application, product, and geography
• Complete quantitative analysis of the industry from 2017 to 2024 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• Analysis of the Global Embedded Security Market with respect to individual growth trends, prospects, and contribution to the total market
• Segment wise business performance detailed in the report will be worthwhile for the organizations willing to enhance its business
• Provides detailed information regarding the major factors influencing the growth of the Global Embedded Security Market (drivers, restraints, opportunities, and challenges)
• This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2024
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For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
Research Methodology:
The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get the fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Embedded Security Market
Key Players in the Global Embedded Security Market Are:
• Infineon
• NXP Semiconductors
• STMicroelectronics
• Texas Instruments
• Gemalto
• Microchip
• Renesas
• Qualcomm
• IDEMIA
• Samsung
Key Target Audience:
• Embedded security technology platform developers
• Raw material and material testing equipment suppliers
• Embedded security original design manufacturers (ODMs)
• Embedded security original equipment manufacturers (OEMs)
• End-users/enterprise-users
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
The scope of the Global Embedded Security Market:
Research report categorizes the Global Embedded Security Market based on security type, application, product, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Embedded Security Market with key developments in companies and market trends.
Global Embedded Security Market, By Security Type:
• Content Protection
• Authentication and Access Management
• Payment
Global Embedded Security Market, by Application:
• Automotive
• Industrial
• Wearables
• Smart Identity Cards
• Smartphones and Tablets
• Computers
• Payment Processing and Cards
Global Embedded Security Market, By Product:
• Hardware Security Module
• Secure Element and Embedded Sim
• Hardware Tokens
• Trusted Platform Module
Global Embedded Security Market, By Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
MAJOR TOC OF THE REPORT
Chapter One: Embedded Security Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Embedded Security Market Competition, by Players
Chapter Four: Global Embedded Security Market Size by Regions
Chapter Five: North America Embedded Security Revenue by Countries
Chapter Six: Europe Embedded Security Revenue by Countries
Chapter Seven: Asia-Pacific Embedded Security Revenue by Countries
Chapter Eight: South America Embedded Security Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Embedded Security by Countries
Chapter Ten: Global Embedded Security Market Segment by Type
Chapter Eleven: Global Embedded Security Market Segment by Application
Chapter Twelve: Global Embedded Security Market Size Forecast (2019-2026)
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