Europe Embedded Security Market Size, Share & Industry Trends Analysis Report By Application, By Offering (Software, Hardware, and Services), By Security Type, By Country and Growth Forecast, 2022 - 2028
The Europe Embedded Security Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The market is also being driven by the increased demand for embedded security as a result of the proliferation of wearable devices in healthcare. In the field of healthcare, wearable gadgets are making an ever-increasing impact. Machine-to-Machine (M2M) authentication is becoming more important as medical wearable technology grows in applications and volume. An embedded SRAM PUF inside the MCU can be a huge step toward more cost-effective and secure security.
Moreover, the advanced driver-assistance systems that are making modern automobiles safer and allowing autonomous vehicles to emerge are pushing the automotive electronics sector to reach new levels of performance, complexity, and safety. Because of the particular requirements of these applications, complicated ASICs that incorporate digital processing, analog, RF, and power management operations in a single silicon die has been widely used. As a result, on-chip management of important safety features is possible. Due to the fact that it has enterprise-level networking capabilities, embedded security devices serve as a gateway processor for connected automobiles. It also enables the most up-to-date data-intensive ADAS systems while also delivering secure connection capabilities to automobiles.
Countries in Europe recognize the significance of embedded security, and the embedded world exhibition and conference in Nuremberg each year provides an opportunity for embedded security companies to gather knowledge and information about new products and innovations, as well as develop valuable contacts within the industry. The advantages of embedded security are considerable. These security solutions are linked to the Internet of Things security, which is still a multi-dimensional problem. Some of the security capabilities provided by embedded security include protection against reverse engineering, software duplication prevention, feature-on-demand activation, application maximal integrity protection, and flexible management of access permissions. When it comes to technological progress and the use of new technologies as well as security systems for numerous industries verticals, Europe has been a significant location. Optimizing industrial functions and smart linked devices are two of the most important drivers propelling the Embedded Security application in Europe.
The Germany market dominated the Europe Embedded Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $589.1 million by 2028. The UK market is exhibiting a CAGR of 4.7% during (2022 - 2028). Additionally, The France market would display a CAGR of 6.3% during (2022 - 2028).
Based on Application, the market is segmented into Payment Processing & Card, Smart Identity Cards, Industrial, Smartphones, Wearables, Automotive, and Others. Based on Offering, the market is segmented into Software, Hardware, and Services. Based on Security Type, the market is segmented into Payment, Authentication & Access Management, and Content Protection. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Renesas Electronics Corporation, STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments, Inc., Samsung Electronics Co., Ltd. (Samsung Group), Thales Group S.A., IDEMIA SAS (Advent International, Inc.), Qualcomm, Inc., and Microchip Technology, Inc.
Scope of the Study
Market Segments covered in the Report:
By Application
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