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Embedded Security Market

Global Market Study on Embedded Security: Increased Side-channel Attacks on Embedded System Devices Catalyzing Demand

Global Embedded Security Market Segmentation By Component - Hardware ( Embedded, Security Tokens, Hardware Security Modules, Trusted Platform Modules), Embedded Security Software, Services ( System Integration, Security Consulting, Support & Maintenance).

Embedded Security Market Outlook (2023-2033)

The market for embedded security was valued at US$ 7,182.9 Mn in 2022, and by the end of 2033, it is expected to have grown to US$ 15,110.6 Mn. The market for embedded security is estimated to value US$ 7,519.4 Mn in 2023 and is predicted to grow at a CAGR of 7.2% from 2023 to 2033.

The embedded security market refers to the market for security technologies and solutions that are integrated into devices and systems, rather than being added on as an afterthought. These technologies can include encryption, secure boot, secure firmware updates, and more, and are used in a wide range of devices and systems, including internet of things (IoT) devices, medical devices, industrial control systems, and more. The market for embedded security is expected to grow in the coming years as the number of connected devices continues to increase and the need for security becomes more pressing.

Increasing demand for connected devices and the Internet of Things (IoT), growing concerns about data security and privacy, and government regulations mandating the use of security measures in certain industries driving the growth of the embedded security market. Additionally, the increasing adoption of cloud computing and big data analytics is also driving the market for embedded security solutions.

The market in North America held a leading market share of 27.4% and remain the market leader for the forecast period. The demand for embedded security in the Europe region will hold around 23.1% of the market in 2022.

Embedded Security Market Size (2023)

US$ 7,519.4 Mn

Projected Market Value (2033)

US$ 15,110.6 Mn

Global Market Growth Rate (2023-2033)


Embedded Security Hardware Segment Market Share (2022)


India Market Growth Rate (2022)


Embedded Security Application Segment Market Share (2022)


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Increasing Embedded Security Applications in the Automobile Industry to Drive Market Growth

Embedded security in the automotive sector is becoming increasingly important as vehicles become more connected and autonomous. This technology uses secure processors, secure communication protocols, and other security measures to protect vehicles from cyber-attacks and unauthorized access. The growing concern for vehicle safety and the increasing number of connected cars on the road are expected to drive the market for embedded security in the automotive sector. Additionally, the implementation of government regulations and industry standards for vehicle security is also expected to contribute to market growth.

In February 2022, NXP Semiconductor released the EdgeLock 2GO, which is intended for Contactless, secure deployment, and IoT device security maintenance.

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How does North America hold the highest market share in Embedded Security Market?

“Presence of Established Players and The Use of Embedded Security in Various Applications Helps to Drive the Market Growth in The Region”

North America holds the highest market share in the embedded security market due to a combination of factors such as the presence of a large number of technology companies and a high adoption rate of technology in various industries in the region. Additionally, government initiatives to promote the use of embedded security in various applications, such as national security and critical infrastructure protection, also contribute to the high market share. The region also has a well-established transportation, healthcare, and BFSI sector, which are early adopters of embedded security solutions.

Due to these factors, the North American region is analyzed to dominate the global embedded security market with a share of 27.4% in 2022.

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How will the Embedded Security Market in India Provide Growth Opportunities to the Market?

“Growth in the Use of Connected Devices and IoT Driving Growth in India”

The embedded security market in India is expected to grow due to the increasing adoption of connected devices and the Internet of Things (IoT), as well as rising concerns about cyber security. The growth of e-commerce and online transactions, as well as the implementation of government initiatives such as Digital India, are also expected to drive market growth.

Additionally, the increasing use of embedded systems in industries such as automotive, healthcare, and finance is expected to provide further growth opportunities. The rising demand for secure and reliable embedded systems, along with government support for the development of cybersecurity technologies, is also expected to drive market growth in India.

Due to these factors, the embedded security market is estimated to grow at a CAGR of 10.2% over the forecast period in India.

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Why the Adoption of Embedded Security in Europe is Increasing? Also which country holds the largest market share?

“Implementation of Embedded Security Supported by the European Commission in Europe”

The adoption of embedded security in Europe is increasing due to the increasing awareness of the need for security in connected devices and the Internet of Things (IoT). Additionally, the European Union's General Data Protection Regulation (GDPR) and the NIS Directive have played a role in driving the adoption of embedded security by mandating the implementation of security measures in connected devices.

Also, Germany holds the largest market share of 10.9% in the embedded security market in Europe. The country is home to a large number of established players in the embedded security market and has a strong focus on research and development in the field of IoT and embedded security.

Category-wise Insights

How does the Content Protection segment create new opportunities in the Embedded Security Market?

The content protection segment creates new opportunities in the embedded security market by providing a means to secure digital content such as audio, video, and software. This can include encryption, digital rights management, and other technologies to prevent unauthorized access or distribution of the content. As the amount of digital content continues to grow and be distributed across a variety of platforms, the need for effective content protection solutions increases, creating new opportunities for companies that provide these services.

Why do Authentication applications hold the highest share of the Embedded Security Market?

Authentication applications hold the highest share of the embedded security market because they are critical for ensuring the security and integrity of systems and devices. Authentication is used to verify the identity of users, devices, and systems, and to ensure that only authorized individuals and entities have access to sensitive information and resources.

The increasing use of connected devices and the Internet of Things (IoT) has also driven demand for authentication solutions, as these devices and systems often require secure access and management. Additionally, the need for secure and reliable authentication in various industries such as finance, healthcare, and government, has also contributed to the growth of the market.

How does the Hardware segment create new opportunities in the Embedded Security Market?

The hardware segment of the embedded security market creates new opportunities by developing new and advanced hardware devices that can enhance the security of embedded systems. These hardware devices include secure microcontrollers, secure elements, and security chips that can be integrated into embedded systems to provide a secure environment for data storage, processing, and transmission.

Additionally, the development of new technologies such as the Internet of Things (IoT) and 5G networks also creates new opportunities for the hardware segment of the embedded security market, as these technologies require secure hardware devices to protect against cyber threats.

Competitive Landscape

  • In May 2021, Microchip launched the trust platform design suite (TPDS), a software platform for device configuration and on boarding to Microchip's secure provisioning services.

Recent developments related to key players providing embedded security market solutions have been tracked by the analysts at Persistence Market Research, which will be accessible in the full report.

Embedded Security Market Report Scope



Forecast Period


Historical Data Available for


Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • GCC Countries

Key Market Segments Covered

  • Component
  • Application
  • Industry
  • Region

Key Companies Profiled


Available upon Request

Key Segments of Embedded Security Market Industry Research

By Component:

  • Hardware
    • Embedded Security Tokens
    • Hardware Security Modules
    • Trusted Platform Modules
    • Other Security Modules (Embedded Sims)
  • Embedded Security Software
  • Services
    • System Integration
    • Security Consulting
    • Support & Maintenance

By Application:

  • Payment
  • Authentication
  • Content Protection

By Industry:

  • Automotive
  • Healthcare
  • Consumer Electronics
  • Telecommunications
  • Aerospace & Defence
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Infineon Technologies
  • NXP Semiconductors
  • Microchip
  • Texas Instruments
  • McAfee LLC
  • Advantech Co., Ltd.
  • STMicroelectronics
  • Renesas
  • Broadcom Inc.
  • Hitex GmbH
  • Analog Devices, Inc.

- Frequently Asked Questions -

In 2023, the market value of Embedded Security was US$ 7,519.4 Mn.

The global Embedded Security Market is estimated to advance at a 7.2% CAGR through 2033.

The market for Embedded Security is forecasted to climb to US$ 15,110.6 Mn by 2033 end.

Demand for the Embedded Security Market in India is projected to rise at a CAGR of 10.2% over the forecast period.

In 2023, the North America Embedded Security Market held a dominant market share of 27.4%.

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