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Global Embedded Security Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

·4-min read

DUBLIN, September 21, 2021--(BUSINESS WIRE)--The "Embedded Security Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The embedded security market is expected to reach a CAGR of 5.5% during the forecast period of 2021 - 2026.

Companies Mentioned

  • Infineon Technologies AG

  • STMicroelectronics N.V.

  • Texas Instruments Inc.

  • McAfee, LLC

  • Microchip Technology Inc.

  • Intellias Ltd.

  • Karamba Security Ltd.

  • Samsung Electronics Co.

  • Idemia Group

  • Rambus Incorporated

Key Market Trends

Automotive Segment to Witness Significant Growth

  • The vehicle car is rapidly becoming a large element of the IoT, connected by a variety of means to the outside world through an increasing number of wireless technologies. In the coming years, the market sales of connected cars will overpass the sales of traditional cars. While the benefits of improved connectivity are beneficial, it also opens up a sea of opportunities for digital invaders and malicious hackers to try to access the systems. According to Upstream Security's 2020 Global Automotive Cybersecurity info, from 2018 to 2019, there was a 99% increase in automotive cybersecurity incidents.

  • Effective automotive security is about integrating an embedded firewall, protecting communications, authenticating communications, and encrypting data, which helps to protect privacy. In April 2020, BlackBerry Limited announced the launch of QNX Black Channel Communications Technology, a new software solution that OEMs and embedded software developers can use to ensure safe data communication exchanges within their safety-critical systems and is certified to ISO 26262 ASIL D.

  • Further, in March 2020, Automotive Grade Linux (AGL), a collaborative cross-industry effort developing an open-source platform for connected car technologies, announces three new members: MERA, Mocana, and Osaka NDS. They planned to design plug-n-play solutions that integrate with the AGL platform to enable scalable, end-to-end security, to protect any AGL-based systems on-board connected or autonomous vehicles.

  • Further, the advanced driver-assistance systems (ADAS) that are making today's cars safer and enabling the emergence of autonomous vehicles are challenging the automotive electronics industry to achieve new levels of complexity, performance, and safety. Also, according to Goldman Sachs, the market for ADAS is estimated to increase to USD 96 billion in 2025 from USD 3 billion in 2015.

North America Accounted for Significant Share

  • North America accounts for significant share as the growing concern for the protection of critical infrastructure, and sensitive data has increased government intervention in recent years. Thus, government initiatives, such as specific budget allocations and mandated security policies, are expected to drive the market of embedded security in North America.

  • Siemens Smart Infrastructure (SI) is transforming the market for intelligent, adaptive infrastructure for current and future adoption. It addresses the challenges of urbanization and climatic change through connecting the energy systems, buildings, and industries. To address this issue, in December 2019, Red Balloon Security has partnered with Siemens Smart Infrastructure (SI) to deliver enhanced cybersecurity for its building automation systems. This collaboration will initially feature embedded security for Siemens building automation controllers and will be deployed in 2020.

  • Further, according to a recent IoT Analytic report, 50% of industrial assets in factories will be connected to some form of on-premise or remote data collection system. While IT and OT traditionally operated in two separate worlds, IT/OT convergence is opening up cybersecurity gaps in manufacturing organizations, leaving them open to attack because these devices usually don't come with well-maintained or strong embedded security features. To address such issues, in December 2019, Pulse Secure and Nozomi Networks announced an integration that extends the zero trust protection provided by the Pulse Secure Access Suite to industrial IoT, ICS, and OT technologies.

  • Furthermore, in November 2019, Red Balloon Security partnered with Nautilus Hyosung America to deliver enhanced security for its retail ATMs. Red Balloon Security identified two vulnerabilities related to retail ATMs, and one related to NHA's retail ATM support mobile application. Following this discovery, Red Balloon Security has been engaged by Nautilus Hyosung America on embedded defense mechanisms providing issued firmware security updates to strengthen the security of their ATMs in the retail marketplace.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.2.1 Growing IoT Applications Increases the Need for IoT Security

4.2.2 Adoption of Wearable Devices in Healthcare

4.3 Market Restraints

4.3.1 Low Demand Due to Impact of COVID-19

4.3.2 Non-Adherence to Government Regulations Due to Lack of Auditing

4.4 Industry Value Chain Analysis?

4.5 Industry Attractiveness - Porter's Five Forces Analysis?

5 MARKET SEGMENTATION

5.1 Component Type

5.2 Application

5.3 End-User

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Company Profiles

7 INVESTMENT ANALYSIS

8 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/n7mdxj

View source version on businesswire.com: https://www.businesswire.com/news/home/20210921005869/en/

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