Embedded Security for Internet of Things Market Overview:

The Embedded Security for Internet of Things (IoT) market is poised for remarkable growth in the coming years, with its value projected to increase from USD 6.86 million in 2023 to an estimated USD 16.95 million by 2030. This growth translates to a compound annual growth rate (CAGR) of 13.8% during the forecast period from 2024 to 2030. The embedded security solutions for IoT are increasingly being adopted across various sectors, such as smart grids, smart factories, connected vehicles, and consumer devices, to address the rising security concerns associated with the proliferation of connected devices.

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Embedded Security for Internet of Things Market Report Scope and Research Methodology

The Embedded Security for Internet of Things market report derives its insights from a comprehensive assessment, drawing on both primary and secondary sources. Country-specific market mapping is accomplished through internal and external proprietary data, alongside relevant patent and regulatory databases, which collectively shape the assessment of Embedded Security for Internet of Things market volume. The competitive dynamics of the Embedded Security for Internet of Things market are dissected with precision, delving into the minute and intricate factors that impact the market.

Key Market Drivers

Several factors are driving the expansion of the Embedded Security for IoT market globally. First, the surge in the number of connected devices in IoT ecosystems is a major catalyst. As industries integrate IoT devices to enhance operational efficiencies, security becomes a critical concern. To mitigate risks, the implementation of industry guidelines and embedded hardware solutions has gained prominence, especially in critical applications such as electric vehicles (EVs) and smart grids.

Furthermore, governments worldwide are actively promoting digitization, which increases the need for robust embedded security solutions to protect sensitive data and systems. The rise in internet penetration, coupled with growing concerns over legacy system vulnerabilities, has led to a demand for more advanced security measures. These factors have contributed significantly to the increasing adoption of embedded security solutions.

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Embedded Security for Internet of Things Market Segmentation:

by Component

Software
Controller Chip

by Application

Smart Factory
Smart Grid
Connected Car
Networking Equipment
Computing Devices

by End Users

Retail
Aerospace Defense
Healthcare
Gaming
Automotive
Others

End-User Segmentation: One of the most notable segments is the automotive industry, which is expected to dominate the market during the forecast period. The increasing adoption of connected car technologies, such as autonomous driving systems, requires advanced embedded security solutions to safeguard these systems from cyber threats. This segment is forecast to hold a market share of 31%.

Embedded Security for Internet of Things Market Key Players:

1. Intel Corporation
2. Trend Micro Incorporated
3. Cisco System Inc.
4. Inside Secure
5. NXP Semiconductors N.V.
6. Synopsys, Inc.
7. Infineon Technologies AG
8. ARM Holdings Plc. (Softbank Corp)
9. Gemalto NV
10. Palo Alto Networks Inc.
11. Check Point Software Technologies Ltd
12. Renesas Electronics Corporation
13. Qualcomm Incorporated
14. Microchip Technology Inc.
15. Samsung Electronics Co., Ltd.
16. Morpho S.A.S
17. Escrypt GmbH
18. STMicroelectronics N.V.
19. Texas Instruments, Inc.
20. IDEMIA

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Embedded Security for Internet of Things Market Regional Analysis:

Regionally, North America is currently the leading market, holding a substantial share of 28%. The demand for embedded security solutions in North America is driven by growing concerns over protecting critical infrastructure and sensitive data. Government interventions, including security policies and budget allocations, are further propelling the market in this region.

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Key Questions Answered in the Embedded Security for Internet of Things Market Report are:

• What is Embedded Security for Internet of Things?
• What is the expected CAGR of the Embedded Security for Internet of Things market during the forecast period?
• What are the global and regional trends in the Embedded Security for Internet of Things Market?
• What are the major challenges that the Embedded Security for Internet of Things Market could face in the future?
• How is the intervention from regulatory authority is shaping the Embedded Security for Internet of Things Market?
• What growth strategies are the players considering to increase their presence in Automotive Relay Market?
• Who held the largest market share in Embedded Security for Internet of Things Market?

Key Offerings:

• Market Overview
• Market Share
• Market Size
• Forecast by Revenue
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
• Market Segmentation – A detailed analysis by segments, sub-segments and region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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