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Embedded Security market size, share & industry analysis, By Type (Hardware, Security Module, Trusted Platform Module, Hardware Tokens, Secure Element and Embedded SIM), By Application (Wearables, Smart Phones and Tablets, Security in IoT Connectivity, Automotive, Transport), By End Use (Payment Security, Authentication and Access Management, Content Protection) and regional forecast 2022-2029

Region : Global | Report ID: FBI103738 | Status : Ongoing



An Embedded system is a programmable hardware part with an in-built or attached software or operating system. The system can be found in consumer electronics, smart devices, IoT devices, automobiles, etc. However, many of the embedded system software is facing external hazardous attacks. Embedded Security solutions protect embedded system software from various attacks.

Growing attacks on embedded systems escalating the demand for embedded security solution market. Although, industrial automation has increased the demand for the Internet of Things (IoT), that made opportunities for the adoption of IoT security solutions. The demand for security solutions is growing across banking, transportation, and wearables which is supplementing the market growth. Embedded security solutions have majorly adopted across the automobile industry to prevent car thefts, to protect car locks, ignition, and many more. Advanced smartphones, tablets, payment cards, etc., which have a large number of shipments are adopting secure embedded sim and solution which is expected to further push the demand for the market.

China is one of the major contributors to the production of the embedded security solution, has slowed the production, due to the Coronavirus attack at the end of November 2019. Thereby, the COVID-19 crisis has badly impacted on the embedded security market growth.

Key Market Driver -

• Growing deployment of Internet of Things (IoT) boosts the demand for embedded IoT security solutions. • Increased popularity of embedded based wearables and smart devices contributed to market growth.

Key Market Restraint -

• Lack of compliance by IoT manufacturers and integrators will limit the market growth.

Key Players Covered:

Some of the key competitors in the global embedded security market are IDEMIA, NXP Semiconductors, Renesas Electronics Corporation, Thales Group, Beijing HuaDa ZhiBao Electronic System Co., Ltd. SAMSUNG, IBM Corporation, SWIFT and others.

In February 2019, KUDELSKI SA and IDEMIA announced a global partnership for security and IoT connectivity. The companies have integrated IDEMIA’s DAKOTA IoT embedded Universal Integrated Circuit Card (eUICC) and Trusted Service Management (TSM) solutions with the KUDELSKI SA IoT security platform. This solution has combined IoT security with the network connectivity management in a single (eUICC) for IoT devices. This solution will enable the manufacturers to provide full-proof connectivity and security by simplifying the process of integrating new devices.

Microsoft Corporation and NXP Semiconductors have partnered in June 2019, to develop secure edge-cloud connected experiences. This joint venture has brought Microsoft Azure Sphere Security to Intelligent Edge and empowered it with a new energy-efficient processor. The partnership integrates Microsoft Azure sphere security architecture and pluton subsystem for the development of a new cross-over applications processor in the NXP MX 8 series. This collaboration has offered complete security solutions to the customers.

The partnership and acquisition are the strategies adopted by key players in the market which are supporting in growth of the global embedded security market.

Regional Analysis

North America is expected to show the highest growth rate in the embedded security market. North America has undertaken a maximum number of IoT as well as smart projects which increases the necessity of IoT security to a large extent. Although, growing software attacks have to become a major concern at the global level, which escalating the demand for security solutions. The connected devices like smartphones, PCs, wearables, etc. are mandatorily adopting embedded security solutions, for protecting themselves from such attacks.

Asia Pacific (APAC) shows a majority of share in this market. China and Japan are at the forefront in this market due to the presence of a large number of key players across the countries. An increasing number of attacks in every connected mobile device has mandated the adoption of such security solutions. Additionally, increasing the number of mobile subscriptions in this region also drives the market growth. The ongoing trend of digitalization under government orders across the developing countries increasing the demand for the secure IoT and embedded device infrastructure.  Thereby, APAC has anticipated continuing the growing demand for embedded security.

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By Type

  • Hardware Security Module

  • Trusted Platform Module

  • Hardware Tokens

  • Secure Element and Embedded SIM

By Application

  • Wearables

  • Smart Phones and Tablets

  • Security in IoT Connectivity

  • Automotive

  • Transport

  • Banking

  • Pay-TV and ID

By End Use

  • Payment Security

  • Authentication and Access Management

  • Content Protection.

By Geography

  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)

Key Industry Developments

  • February 2020 – Samsung has launched data security chip solution for mobile devices. This new solution has dedicated security software for advanced data protection and secure key storage with EAL 5+ certification. This advanced security chip defends against the possible attacks by adding extra counter measures. Thus, this solution prevents from copying and accessing data from the respective mobile device.

  • April 2020 - Motorola Mobility LLC. Partnered with Thales Group to integrate sim (e-SIM) with Motorola Mobility LLC. Patented smartphone for secure mobile connectivity. The new Motorola razr handset is deployed with Thales’s GSMA complaint embedded sim solution which offers interoperability for the handset across all mobile networks. This e-SIM have enabled new generation of connected consumer devices like wearables, smartphones or PCs etc. ensuring highly compact solution for secure mobile connectivity.

  • Ongoing
  • 2021
  • 2018-2020


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