About Embedded Security Product
Embedded Security product are specifically designed for the protection internal and external data associated with the organization. These products are available in the form of a plug-in card or an external device that attaches directly to a computer or network server. It is basically used for providing strong authentication & crypto processing. Now-a-days organizations are becoming more security conscious and thereby securely managing, processing, and storing cryptographic keys using this embedded security product. The main benefit is to protect financial transactions and identities, as this points are very important and can make or break the organization completely.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 5.32% |
Key players are adopting numerous strategy to gain market attention and to increase their market share, this strategy can be listed as increasing product portfolio, making partnership to adopt certain technologies and acquiring small players to finish competition in the future. As well as investing money in R&D sector to make up-gradations in the product. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Embedded Security Product market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Gemalto NV (Amsterdam), Thales e-Security, Inc. (United States), Utimaco GmbH (Germany), International Business Machines Corporation (United States), FutureX (United States), Hewlett-Packard Enterprise Development LP (United States), SWIFT (Belgium), Atos SE (France), Ultra-Electronics (United Kingdom) and Yubico (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are JN TASS (China), Beijing Sansec Technology (China), Micro Focus (United Kingdom), Westone (United States) and JN UNION (China).
Segmentation Overview
AMA Research has segmented the market of Global Embedded Security Product market by Type (Secure Element and Embedded SIM, Hardware Security Module, Trusted Platform Module and Hardware Tokens), Application (Mobile Security, Automotive, Banking, Transport, Pay-TV & ID, Wearables, Security in IoT Connectivity and Others) and Region.
On the basis of geography, the market of Embedded Security Product has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing demand from banking and financial institutes and Mobile banking is gaining attraction in the market
Market Growth Drivers:
Increment in the count of cyber attacks and Increasing demand due to rising necessity of securing internal and external data
Challenges:
Complexity of implementation
Restraints:
High cost and Lack of awareness regarding this products
Opportunities:
Increasing Adoption of cloud-based and IoT technologies and Rapid Digitization
Market Leaders and their expansionary development strategies
In December 2023, Cyberdyne collaborates with Siemens to integrate the KSK-D510 secure element into Siemens' industrial automation solutions, boosting security and trust in critical infrastructure environments.
In December 2023, Cyberdyne releases the KSK-D510 secure element, integrating hardware security features with AI acceleration for secure and intelligent edge computing at the device level.
Key Target Audience
Manufacturers, Distributors, Research firms, Consultancy firms, Software Developers, Vendors, Semiconductor Manufacturers, Stakeholders, End-user sectors and Technology Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.