Embedded Security Market by Product (Secure Element and Embedded SIM, Trusted Platform Module, Hardware Security Module), by Security type (Authentication and Access Management, Payment, Content Protection), Application and Geography - Global Forecast to 2023
The embedded security market is expected to witness high growth during the forecast period. The overall market is expected to grow from USD 3.64 Billion in 2016 to USD 5.47 Billion by 2023, at a CAGR of 5.9% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period provided is between 2017 and 2023. The objective of the report is to provide detailed analysis of the market based on product, security type, application, and geography; information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges); and detailed value chain analysis. Moreover, the objective of this report is to strategically profile the key players and competitive landscape for market players, and provide information on product launches, acquisitions, partnerships, agreements, and collaborations in the market.
The research methodology used to estimate and forecast the size of the embedded security market begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, Factiva, Hoovers, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall market size for embedded security from the revenue of the key players. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The analysis of the market includes extensive primary research to gather information, and verify and validate critical conclusions arrived at after an extensive secondary research.
After arriving at the overall market size, the total market has been split into several segments and subsegments. The following illustration shows the breakdown of primaries on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
The ecosystem for embedded security comprises manufacturers such as Infineon (Germany), STMicroelectronics (Switzerland), NXP (Netherlands), Gemalto (Netherlands), Microchip (US), Samsung (South Korea), Texas Instruments (US), IDEMIA (France), Renesas (Japan), and Inside Secure (France).
The target audience for the report includes:
- Raw material and material testing equipment suppliers
- Embedded security technology platform developers
- Embedded security original design manufacturers (ODMs)
- Embedded security original equipment manufacturers (OEMs)
- Distributors and traders
- Research organizations
- Organizations, forums, alliances, and associations related to embedded security
The study answers several questions raised by the stakeholders, primarily which market segments to focus on in the next two to eight years for prioritizing efforts and investments.
Scope of the Report:
|
Report Metric |
Details |
|
Report Name |
Embedded Security Market |
|
Base year |
2016 |
|
Forecast period |
20172023 |
|
Forecast units |
Value in terms of USD million and billion |
|
Segments covered |
Product, System Type, Software & Services, Function, Industry, and Region |
|
Geographic regions covered |
North America, APAC, Europe, and RoW |
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Companies covered |
Infineon (Germany), STMicroelectronics (Switzerland), NXP (Netherlands), Gemalto (Netherlands), Microchip (US), Samsung (South Korea), Texas Instruments (US), IDEMIA (France), Renesas (Japan), and Inside Secure (France) |
The market covered under this report has been segmented as follows:
Embedded Security Market, by Product:
- Secure Element and Embedded SIM
- Trusted Platform Module
- Hardware Security Module
- Hardware Tokens
Embedded Security Market, by Security Type:
- Authentication and Access Management
- Payment
- Content Protection
Embedded Security Market, by Application:
- Wearables
- Smartphones and Tablets
- Automotive
- Smart Identity Cards
- Industrial
- Payment Processing and Cards
- Computers
Embedded Security Market, by Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players on the basis of various blocks of the value chain
Industry Analysis
- Further breakdown of the industry segment, by verticals and technology
Geographic Analysis
- Further breakdown of the geography segment, by security type and product
The embedded security market is expected to be valued at USD 5.47 Billion by 2023, growing at a CAGR of 5.9% between 2017 and 2023. The major factors driving the growth of this market include growing IoT applications increasing the need for IoT security, inclusion of embedded security in wearables, and government agencies promoting digitization.
This report segments the market on the basis of product, security type, application, and geography. The market for secure element and embedded SIM is expected to hold the largest share by 2023. Secure element and embedded SIM finds its applications in a number of products such as smartphones, tablets, payments cards, and e-government documents. Due to a large number of shipments of the above-mentioned products, this market considered the largest.
The embedded security market for the payment processing and cards application is expected to hold the largest share by 2023. The payment processing and cards application is the largest market for embedded security as it is being used extensively in EMV cards. The market for the wearables application to grow at the highest CAGR during the forecast period. The reason for the growth of wearables is because IoT is promoting a new era for payments companies and manufacturers to use wearables. The rapid expansion of the Internet of Things (IoT) offers an opportunity to facilitate payments into wearables, which, in turn, would boost the demand for embedded security in wearables.
The market for authentication and access management to grow at the highest CAGR during the forecast period. The market for payments security type to grow at the second highest CAGR. This security type has gained much popularity, as it helps organizations to adhere to the PCI DSS regulatory compliances. Payment security type provides security to the consumers sensitive data and enables a secured transaction between a merchant and its customers through various digital payment modes such as web, mobile, credit/debit card, and point of sale (POS) machine.
Asia Pacific (APAC) held the largest share of the market. APAC is the largest market for embedded security because of China, which is a huge manufacturing hub for applications such as automotive and smartphones; these applications comprise a major share of the market. North America is expected to be the highest growing region for the embedded security market.
The global embedded security market is growing at a faster pace, but there are some restraints that are yet to be addressed. A number of governing authorities have issued various guidelines to be followed by various device manufacturers and end users to protect devices (such as smartphones, wearables, and tablets) against various vulnerabilities such as threats and attacks. However, many device manufacturers and users neither adhere to these guidelines nor take any precautionary measures because of lack of auditing from the concerned authorities This non-adherence to government regulation results in security lapses, which helps attackers to take advantage of these lapses and gain unauthorized access. This is a major factor restraining the growth of the embedded security market.
The key players in this market are Infineon (Germany), STMicroelectronics (Switzerland), NXP (Netherlands), Gemalto (Netherlands), Microchip Technology (US), Samsung (South Korea), Texas Instruments (US), IDEMIA (France), Renesas (Japan), and Inside Secure (France).
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 30)
4.1 Attractive Market Opportunities in the Overall Embedded Security Market
4.2 Market, By Product
4.3 Market, By Application and Security Type
4.4 Region Analysis of Market
4.5 Market, By Region
4.6 Market, By Application
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing IoT Applications Would Increase the Need for IoT Security
5.2.1.2 Inclusion of Payments Functionality in Wearables Will Demand Embedded Security in Wearables
5.2.1.3 Government Agencies Promoting Digitization
5.2.2 Restraints
5.2.2.1 Non-Adherence to Government Regulations Due to Lack of Auditing
5.2.3 Opportunities
5.2.3.1 Integration of Embedded Security in Electric Vehicles
5.2.3.2 Need for Integrated Security Solution for IIoT Would Drive the Embedded Security Market
5.2.4 Challenges
5.2.4.1 Lack of Awareness Regarding Safety and Low Security Budget
5.3 Value Chain Analysis
6 Embedded Security Market, By Security Type (Page No. - 39)
6.1 Introduction
6.2 Authentication and Access Management
6.3 Payment
6.4 Content Protection
7 Embedded Security Market, By Application (Page No. - 42)
7.1 Introduction
7.2 Wearables
7.3 Smartphones and Tablets
7.4 Automotive
7.5 Smart Identity Cards
7.6 Industrial
7.7 Payment Processing and Cards
7.8 Computers
8 Embedded Security Market, By Product (Page No. - 64)
8.1 Introduction
8.2 Secure Element and Embedded Sim
8.3 Trusted Platform Module
8.4 Hardware Security Module
8.5 Hardware Tokens
9 Geographic Analysis (Page No. - 71)
9.1 Introduction
9.2 Europe
9.2.1 UK
9.2.2 Germany
9.2.3 France
9.2.4 Rest of Europe
9.3 APAC
9.3.1 China
9.3.2 India
9.3.3 Japan
9.3.4 Rest of APAC
9.4 North America
9.4.1 US
9.4.2 Canada
9.4.3 Mexico
9.5 Rest of the World (RoW)
9.5.1 Middle East and Africa (MEA)
9.5.2 South America
10 Competitive Landscape (Page No. - 84)
10.1 Introduction
10.2 Market Rank Analysis
10.3 Competitive Situation and Trends
10.3.1 10 Most Recent Product Launches
10.3.2 10 Most Recent Collaboration/Acquisition/Partnership
11 Company Profiles (Page No. - 89)
(Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments & Key Relationships)*
11.1 Key Players
11.1.1 Infineon
11.1.2 STMicroelectronics
11.1.3 NXP Semiconductors
11.1.4 Gemalto
11.1.5 Texas Instruments
11.1.6 Renesas
11.1.7 Qualcomm
11.1.8 Microchip
11.1.9 Samsung
11.1.10 IDEMIA
11.2 Key Innovators
11.2.1 Rambus
11.2.2 Cisco
11.2.3 Escrypt
11.2.4 KURZ and OVD KINEGRAM
11.2.5 Laks
*Details on Overview, Strength of Product Portfolio, Business Strategy Excellence, Recent Developments & Key Relationships Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 125)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (61 Tables)
Table 1 Embedded Security Market, By Security Type, 20152023 (USD Million)
Table 2 Embedded Security Market, By Application, 20152023 (Million Units)
Table 3 Embedded Security Market, By Application, 20152023 (USD Million)
Table 4 Market for Wearables, By Region, 20152023 (USD Million)
Table 5 Market for Wearables in Europe, By Country, 20152023 (USD Million)
Table 6 Market for Wearables in North America, By Country, 20152023 (USD Million)
Table 7 Market for Wearables in APAC, By Country, 20152023 (USD Million)
Table 8 Market for Wearables in RoW, By Region, 20152023 (USD Million)
Table 9 Market for Smartphones & Tablets, By Region, 20152023 (USD Million)
Table 10 Market for Smartphones & Tablets in Europe, By Country, 20152023 (USD Million)
Table 11 Market for Smartphones & Tablets in North America, By Country, 20152023 (USD Million)
Table 12 Market for Smartphones & Tablets in APAC, By Country, 20152023 (USD Million)
Table 13 Market for Smartphones & Tablets in RoW, By Region, 20152023 (USD Million)
Table 14 Market for Automotive, By Product, 20152023 (USD Million)
Table 15 Market for Automotive, By Region, 20152023 (USD Million)
Table 16 Market for Automotive in Europe, By Country, 20152023 (USD Million)
Table 17 Market for Automotive in North America, By Country, 20152023 (USD Million)
Table 18 Market for Automotive in APAC, By Country, 20152023 (USD Million)
Table 19 Market for Automotive in RoW, By Region, 20152023 (USD Million)
Table 20 Market for Smart Identity Cards, By Region, 20152023 (USD Million)
Table 21 Market for Smart Identity Cards in Europe, By Country, 20152023 (USD Million)
Table 22 Market for Smart Identity Cards in North America, By Country, 20152023 (USD Million)
Table 23 Market for Smart Identity Cards in APAC, By Country, 20152023 (USD Million)
Table 24 Market for Smart Identity Cards in RoW, By Region, 20152023 (USD Million)
Table 25 Market for Industrial, By Product, 20152023 (USD Million)
Table 26 Market for Industrial, By Region, 20152023 (USD Million)
Table 27 Market for Industrial in Europe, By Country, 20152023 (USD Million)
Table 28 Market for Industrial in North America, By Country, 20152023 (USD Million)
Table 29 Market for Industrial in APAC, By Country, 20152023 (USD Million)
Table 30 Market for Industrial in RoW, By Region, 20152023 (USD Million)
Table 31 Market for Payment Processing & Cards, By Region, 20152023 (USD Million)
Table 32 Market for Payment Processing & Cards in Europe, By Country, 20152023 (USD Million)
Table 33 Market for Payment Processing & Cards in North America, By Country, 20152023 (USD Million)
Table 34 Market for Payment Processing & Cards in APAC, By Country, 20152023 (USD Million)
Table 35 Market for Payment Processing & Cards in RoW, By Region, 20152023 (USD Million)
Table 36 Market for Computers, By Product, 20152023 (USD Million)
Table 37 Market for Computers, By Region, 20152023 (USD Million)
Table 38 Market for Computers in Europe, By Country, 20152023 (USD Million)
Table 39 Market for Computers in North America, By Country, 20152023 (USD Million)
Table 40 Market for Computers in APAC, By Country, 20152023 (USD Million)
Table 41 Market for Computers in RoW, By Region, 20152023 (USD Million)
Table 42 Market, By Product, 20152023 (Million Units)
Table 43 Market, By Product, 20152023 (USD Million)
Table 44 Market for Secure Element and Embedded Sim, By Application, 20152023 (Million Units)
Table 45 Market for Secure Element and Embedded Sim, By Application, 20152023 (USD Million)
Table 46 Market for Trusted Platform Module, By Application, 20152023 (Million Units)
Table 47 Market for Trusted Platform Module, By Application, 20152023 (USD Million)
Table 48 Market for Hardware Security Module, By Application, 20152023 (Million Units)
Table 49 Market for Hardware Security Module Market, By Application, 20152023 (USD Million)
Table 50 Market for Hardware Tokens, By Application, 20152023 (Million Units)
Table 51 Market for Hardware Tokens, By Application, 20152023 (USD Million)
Table 52 Market, By Region, 20152023 (USD Million)
Table 53 Market in Europe, By Application, 20152023 (USD Million)
Table 54 Market in Europe, By Country, 20152023 (USD Million)
Table 55 Market in APAC, By Application, 20152023 (USD Million)
Table 56 Market in APAC, By Country, 20152023 (USD Million)
Table 57 Market in North America, By Application, 20152023 (USD Million)
Table 58 Market in North America, By Country, 20152023 (USD Million)
Table 59 Market in RoW, By Application, 20152023 (USD Million)
Table 60 Market in RoW, By Region, 20152023 (USD Million)
Table 61 Market: Ranking Analysis (2016)
List of Figures (37 Figures)
Figure 1 Embedded Security Market Segmentation
Figure 2 Embedded Security Market: Research Design
Figure 3 Research Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Authentication and Access Management to Dominate Market Based on Security Type During Forecast Period
Figure 8 Payment Processing and Cards to Lead the Market Between 2017 and 2023
Figure 9 Hardware Security Module to Grow at Highest CAGR During Forecast Period
Figure 10 North America to Grow at Highest CAGR During Forecast Period
Figure 11 Growing IoT Applications Would Increase Need for IoT Security, Thereby Driving the Growth of Embedded Security Market During Forecast Period
Figure 12 Secure Element and Embedded SIM to Hold Largest Share of Market By 2023
Figure 13 Payment Processing and Cards Application Held Largest Share of Market in 2016
Figure 14 Germany to Have Highest CAGR During Forecast Period
Figure 15 Market in North America Expected to Grow at Highest CAGR During Forecast Period
Figure 16 Market for Wearables Application Expected to Grow at Highest CAGR During Forecast Period
Figure 17 Authentication and Access Management to Grow at Highest CAGR During Forecast Period
Figure 18 Wearables Application Expected to Grow at Highest CAGR During Forecast Period
Figure 19 US Expected to Grow at Highest CAGR in Market in North America During Forecast Period
Figure 20 APAC to Grow at Highest CAGR During Forecast Period for Industrial Application
Figure 21 US to Grow at Highest CAGR During Forecast Period for Computers Application
Figure 22 Market By Geography
Figure 23 Europe: Embedded Security Market Snapshot
Figure 24 APAC: Market Snapshot
Figure 25 North America: Embedded Security Market Snapshot
Figure 26 Companies Adopted Product Launch as Key Growth Strategy Between April 2013 and September 2017
Figure 27 Embedded Security Market Evaluation Framework
Figure 28 Infineon: Company Snapshot
Figure 29 STMicroelectronics: Company Snapshot
Figure 30 NXP Semiconductors: Company Snapshot
Figure 31 Gemalto: Company Snapshot
Figure 32 Texas Instruments: Company Snapshot
Figure 33 Renesas: Company Snapshot
Figure 34 Qualcomm: Company Snapshot
Figure 35 Microchip: Company Snapshot
Figure 36 Samsung: Company Snapshot
Figure 37 IDEMIA: Company Snapshot
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Growth opportunities and latent adjacency in Embedded Security Market