Embedded Security Market Size - GLobal Forecast to 2027

Embedded Security Market size is projected to grow from USD 6.8 billion in 2022 to USD 9.0 billion by 2027; it is expected to grow at a CAGR of 5.9% from 2022 to 2027.

Browse 151 market data Tables and 47 Figures spread through 230 Pages and in-depth TOC on "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"

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The key players in this market are Infineon (Germany), STMicroelectronics (Switzerland), NXP (Netherlands), Qualcomm(US), Thales Group(France), Microchip Technology (US), Samsung (South Korea), Texas Instruments (US), IDEMIA (France), Renesas (Japan). The players in this market have adopted various strategies to expand their global presence and increase their market shares.

The market based on geography has been segmented into 4 main regions: North America, Europe, APAC, and RoW. APAC is projected to grow at the highest CAGR of 7.0% during the forecast period. APAC includes emerging countries such as China, Australia, South Korea, and Hong Kong. The increasing cyber-attacks and adoption of remote working are driving the growth of the market in the APAC region.

The market for wearables is growing at the highest CAGR of 5.9% during the forecast period. For effective communication, wearable technology is increasingly being integrated with management systems such as CRM and facial recognition. Furthermore, businesses in the manufacturing industry are using AR and VR technology in training domains such as knowledge transfer for front-line workers, which is propelling the industrial wearables market forward. Apart from that, the market is driven by automation in manufacturing facilities and improvements in technologies such as IoT, AI, and the cloud. Investments in automation, the launch of new and innovative products, and the rise of wearable devices are providing a boost to the market.