Published Date: 31-May-2022
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According to a new report, published by KBV research, The Global Embedded Security Market size is expected to reach $9.3 billion by 2028, rising at a market growth of 6.0% CAGR during the forecast period.
The Payment Processing & Card segment acquired maximum revenue share in the Global Embedded Security Market by Application in 2021, thereby, achieving a market value of $3.3 billion by 2028. The increasing growth of the segment is attributed to the rising trend of cashless economy all over the world. In addition, due to the widespread urbanization, people are widely using cards and other digital methods for making payments. In order to maintain the safety of users, the demand for embedded security is rising.
The Hardware segment is showcasing a CAGR of 6.2% during (2022 - 2028). The rising growth of the segment is attributed to the rising requirement of hardware in order to operate the embedded security software. The hardware system is utilized as a platform to operate embedded security software. Therefore, the interoperability of hardware is one of the major factors that are increasing the requirement of hardware. Therefore, this factor would surge the growth of this segment.
The Content Protection segment has shown growth rate of 7.3% during (2022 - 2028). The rapidly surging demand for content protection is owing to the rising number of threats on the World Wide Web. In the content protection segment, embedded security solutions prevent unauthorized accesses to the content on the internet, which makes it easier for the publisher to protect their intellectual property from data theft threat.
The Asia Pacific is the fastest growing region in the Global Embedded Security Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.5 billion by 2028. The Europe market is estimated to witness a CAGR of 5.5% during (2022 - 2028). Additionally, The North America market would exhibit a CAGR of 5.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Renesas Electronics Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., IDEMIA SAS (Advent International, Inc.), Qualcomm, Inc., and Microchip Technology, Inc.
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