Global Embedded Security Market (2022 to 2027) - Integration of Embedded Security in Electric Vehicles Presents Opportunities
DUBLIN, April 20, 2022 /PRNewswire/ -- The "Embedded Security Market by Security type (authentication and access management, payment and content protection), Application, Offerings (hardware, software and services) and Region (North America, Europe, APAC, RoW) - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The embedded security market size is valued at USD 6.8 Billion in 2022 and is anticipated to be USD 9.0 Billion by 2027; growing at a CAGR of 5.9% from 2022 to 2027.
Growing demand for embedded security in electric and hybrid vehicles to drive the growth of embedded security
The embedded security industry is likely to be driven by rising demand for embedded security systems commonly used in automobiles. Due to the high demand for safety and comfort, while driving, all modern vehicles are equipped with embedded systems.
Embedded security is used in a variety of automotive applications such as body electronics, navigation systems, steering systems, brakes, traffic control, powertrain, chassis control, as well as mobile access apps and eCommerce. The embedded security industry is growing as demand for electric and hybrid vehicles has increased and public awareness of the environment's deterioration has increased.
APAC is the fastest-growing region in the embedded security market
The fastest-growing region for embedded security is the Asia Pacific. APAC is focusing on increasing its security spending in response to the ever-increasing threat landscape. South Korea, China, Australia, and Hong Kong are among the growing economies in APAC. Factors such as remote working, the increasing complexity of business, and the growing trend of BYOD necessitate robust security solutions, which are forces companies to use a variety of security solutions.
APAC has seen great economic expansion, political revolution, and social change in the recent decade. Countries such as South Korea, Japan, and Singapore have modified or established new security measures in response to the increasing cyber threats.
Samsung (South Korea) and Renesas (Japan) are some of the key players operating in the embedded security market in the Asia Pacific.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
22.214.171.124 Susceptibility of Embedded Systems to Cyber-Threats and Security Breaches
126.96.36.199 Costs Associated with Hardware Security Modules
188.8.131.52 Strong Inclination of Customers Toward Adoption of Hardware Security Modules on Rental Basis
184.108.40.206 Integration of Embedded Security in Electric Vehicles
220.127.116.11 Need for Integrated Security Solutions for IoT Paired with Advent of Smart Cities
18.104.22.168 Growing Adoption of Embedded Systems in Healthcare Systems
22.214.171.124 Introduction of 5G and Development of 5G-Enabled Embedded Devices
126.96.36.199 Lack of Awareness Regarding Safety and Low-Security Budget
188.8.131.52 High Energy Consumption Associated with Compact Embedded Systems
184.108.40.206 Complexities Involved in Designing Embedded Systems
220.127.116.11 Shortage in Supply of Semiconductors
5.3 Porter's Five Forces Analysis
5.4 Trade Analysis
5.4.1 Export Scenario of Automatic Data Processing Machines
18.104.22.168 Import Scenario of Automatic Data Processing Machines
5.6 Value Chain Analysis
5.7 Embedded Security Market: Case Studies
5.8 Patent Analysis
5.9 Revenue Shift and New Revenue Pockets for Players in Embedded Security Market
5.10 Regulatory Standards
5.10.1 Standards in Embedded Security
5.10.2 Global Regulations Focused on Fraud Prevention and Standardization
5.10.3 Regulations in US Focused on Consumer Protection
5.10.4 Regulations in Europe Focused on Standardization
5.10.5 Regulations in APAC Focused on Domestic Payment Networks
6 Technology Trends
7 Embedded Security Market, by Security Type
8 Embedded Security Market, by Offering
9 Embedded Security Market, by Application
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/cb9oqa
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SOURCE Research and Markets