Embedded Security Market Expected to Grow to $10B by 2026
Thursday, June 09, 2022 | Comments

By 2026 the total market share of the global embedded security market is set to reach $10 billion by Fairfield Market Research.

This is a sound indicator of the promising opportunities present in the global embedded security market. Over the forecast period, key growth drivers in the market include the increase in the application of embedded AI, integration of embedded security in electric vehicles and the growing adoption of smart wearable devices.

Rising concerns around novel cyberattacks, coupled with the adoption of emerging technologies across various industries, have led to an increase in demand for advanced security solutions. Across the global turf, developing, as well as emerging, economies continually face security challenges due to the increase in the intensity and volume of cyberattacks. Moreover, these security concerns have significantly intensified due to the shift to remote work. The cumulative forces of these trends have translated into favorable outcomes for the global embedded security market. Consequently, major manufacturers in the market are actively pursuing open innovation, mergers and acquisition and strategic partnerships to capitalize on the existing business opportunities present across the market.

Embedded security is extensively used in the automobile sector. It can be used for several applications such as navigation systems, traffic control, body electronics, chassis control, and mobile commerce among a few others. Through embedded security solutions, manufacturers can ensure better performance and reliability of modern automobiles. Besides, the integration of embedded security in electric vehicles has also started to gain traction in recent years. These factors are projected to significantly expand the global embedded security market over the course of the forecast period.

Additionally, the demand for embedded security solutions is also predicted to increase for threat analysis and encryption, regulatory compliance, reducing internet of things (IoT) threats and enhancing security posture assessment. Over the study period, this demand is more pronounced among consumer and system manufacturers. In the near future, these consumer and system manufacturers are set to create substantial economic gains for various stakeholders of the global embedded security market.

North America emerged as the largest market in the global embedded security market, and it is poised to sustain its dominance in the years to come. By 2026, the region is projected to grow at a promising compound annual growth rate (CAGR) of 7.1% primarily owing to sustainable and innovative endeavors undertaken by major market leaders. Moreover, several industry leaders in the global embedded security market are active in North America, which is a contributing factor to its strong performance in the market. In the following years, countries in Asia Pacific (APAC) including Japan, China, Singapore and India, are set to positively influence the global embedded security market. Here, cybersecurity concerns and rapid developments within the IT sector are predicted to harness substantial market growth.

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