Table of Content

"1    INTRODUCTION    29
1.1    STUDY OBJECTIVES    29
1.2    DEFINITION    29
1.2.1    INCLUSIONS AND EXCLUSIONS    30
1.2.2    MARKETS COVERED    30
FIGURE 1    EMBEDDED SECURITY MARKET SEGMENTATION    30
1.2.3    GEOGRAPHIC SCOPE    31
1.2.4    YEARS CONSIDERED    31
1.3    CURRENCY    31
1.4    PACKAGE SIZE    32
1.5    LIMITATIONS    32
1.6    STAKEHOLDERS    32
1.7    SUMMARY OF CHANGES    32
2    RESEARCH METHODOLOGY    34
2.1    RESEARCH DATA    34
FIGURE 2    EMBEDDED SECURITY MARKET: RESEARCH DESIGN    35
2.1.1    SECONDARY AND PRIMARY RESEARCH    36
2.1.2    SECONDARY DATA    36
2.1.2.1    List of major secondary sources    36
2.1.2.2    Secondary sources    37
2.1.3    PRIMARY DATA    37
2.1.3.1    List of primaries    37
2.1.3.2    Primary interviews with experts    37
2.1.3.3    Primary sources    38
2.1.3.4    Key industry insights    38
2.1.3.5    Breakdown of primaries    39
2.2    MARKET SIZE ESTIMATION    39
FIGURE 3    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)    40
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE)—BOTTOM-UP ESTIMATION OF EMBEDDED SECURITY MARKET,
BY APPLICATION    40
2.2.1    BOTTOM-UP APPROACH    41
2.2.1.1    Approach for estimating market size by bottom-up analysis
(demand side)    41
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    41
2.2.2    TOP-DOWN APPROACH    42
2.2.2.1    Approach for estimating market size by top-down analysis
(supply side)    42
FIGURE 6    MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH    42
2.3    MARKET BREAKDOWN & DATA TRIANGULATION    43
FIGURE 7    DATA TRIANGULATION    43
2.4    RISK ASSESSMENT    44
2.4.1    EMBEDDED SECURITY MARKET: LIMITATIONS AND ASSOCIATED RISKS    44
TABLE 1    LIMITATIONS AND ASSOCIATED RISKS    44
2.5    RESEARCH ASSUMPTIONS    45
2.6    LIMITATIONS    46
FIGURE 8    LIMITATIONS FOR RESEARCH STUDY    46
TABLE 2    MARKET FORECASTING METHODOLOGY ADOPTED FROM 2022 TO 2027    46
3    EXECUTIVE SUMMARY    47
FIGURE 9    PAYMENT SEGMENT TO ACCOUNT FOR LARGEST SIZE OF EMBEDDED SECURITY MARKET, BY SECURITY TYPE, DURING FORECAST PERIOD    47
FIGURE 10    SMART IDENTITY CARDS SEGMENT LIKELY TO LEAD EMBEDDED SECURITY MARKET FROM 2022 TO 2027    48
FIGURE 11    SERVICES SEGMENT TO GROW AT HIGHEST CAGR DURING
FORECAST PERIOD    48
FIGURE 12    EMBEDDED SECURITY MARKET TO GROW AT HIGHEST CAGR IN APAC
DURING FORECAST PERIOD    49
3.1    COVID-19 IMPACT ON EMBEDDED SECURITY MARKET    50
FIGURE 13    COVID-19 IMPACT ON EMBEDDED SECURITY MARKET    50
3.1.1    REALISTIC SCENARIO (POST-COVID-19)    50
3.1.2    OPTIMISTIC SCENARIO (POST-COVID-19)    50
3.1.3    PESSIMISTIC SCENARIO (POST-COVID-19)    50
4    PREMIUM INSIGHTS    51
4.1    ATTRACTIVE MARKET OPPORTUNITIES IN GLOBAL EMBEDDED SECURITY MARKET    51
FIGURE 14    GROWING IOT APPLICATIONS WOULD INCREASE NEED FOR IOT SECURITY, THEREBY DRIVING GROWTH OF EMBEDDED SECURITY MARKET DURING FORECAST PERIOD    51
4.2    EMBEDDED SECURITY MARKET, BY OFFERING    51
FIGURE 15    EMBEDDED SECURITY MARKET, BY OFFERING, 2018–2027    51
4.3    EMBEDDED SECURITY MARKET, BY APPLICATION AND SECURITY TYPE    52
FIGURE 16    SMART IDENTITY CARDS AND PAYMENT SEGMENTS HELD LARGEST SHARES OF EMBEDDED SECURITY MARKET IN 2021    52
4.4    REGION ANALYSIS OF EMBEDDED SECURITY MARKET    52
FIGURE 17    JAPAN TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD    52
4.5    EMBEDDED SECURITY MARKET, BY REGION    53
FIGURE 18    EMBEDDED SECURITY MARKET IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    53
4.6    EMBEDDED SECURITY MARKET, BY APPLICATION    53
FIGURE 19    EMBEDDED SECURITY MARKET FOR WEARABLES APPLICATION EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    53

5    MARKET OVERVIEW    54
5.1    INTRODUCTION    54
5.2    MARKET DYNAMICS    54
5.2.1    DRIVERS    55
5.2.1.1    Growing IoT applications would increase need for embedded security    55
5.2.1.2    Inclusion of payments functionality in wearables    56
5.2.1.3    Government agencies promoting digitization    56
5.2.1.4    Increase in data breaches and cyberattacks    56
FIGURE 20    NUMBER OF CYBERATTACKS IN US, 2005–2020    57
5.2.1.5    Increased demand for embedded security in electric
and hybrid vehicles    57
5.2.1.6    Intensifying need to secure digital crypto-based transactions    57
5.2.2    RESTRAINTS    58
5.2.2.1    Non-adherence to government regulations due to lack of auditing    58
5.2.2.2    Susceptibility of embedded systems to cyber-threats and
security breaches    58
5.2.2.3    Costs associated with hardware security modules    59
5.2.2.4    Strong inclination of customers toward adoption of hardware s
ecurity modules on rental basis    59
5.2.3    OPPORTUNITIES    60
5.2.3.1    Integration of embedded security in electric vehicles    60
5.2.3.2    Need for integrated security solutions for IoT paired with
advent of smart cities    60
5.2.3.3    Growing adoption of embedded systems in healthcare systems    61
5.2.3.4    Introduction of 5G and development of 5G-enabled
embedded devices    61
5.2.4    CHALLENGES    62
5.2.4.1    Lack of awareness regarding safety and low-security budget    62
5.2.4.2    High energy consumption associated with compact
embedded systems    62
5.2.4.3    Complexities involved in designing embedded systems    62
5.2.4.4    Shortage in supply of semiconductors    63
5.3    PORTER’S FIVE FORCES ANALYSIS    63
TABLE 3    IMPACT OF EACH FORCE ON EMBEDDED SECURITY MARKET, 2021    63
5.3.1    BARGAINING POWER OF SUPPLIERS    63
5.3.2    BARGAINING POWER OF BUYERS    64
5.3.3    THREAT OF NEW ENTRANTS    64
5.3.4    THREAT OF SUBSTITUTES    64
5.3.5    INTENSITY OF COMPETITIVE RIVALRY    64
5.4    TRADE ANALYSIS    64
5.4.1    EXPORT SCENARIO OF AUTOMATIC DATA PROCESSING MACHINES    64
TABLE 4    AUTOMATIC DATA PROCESSING MACHINES EXPORT, BY KEY COUNTRY, 2016–2020 (USD MILLION)    65

5.4.1.1    Import scenario of automatic data processing machines    65
TABLE 5    AUTOMATIC DATA PROCESSING MACHINES IMPORT, BY KEY COUNTRY, 2016–2020 (USD MILLION)    65
5.5    ECOSYSTEM    66
TABLE 6    EMBEDDED SECURITY MARKET: ECOSYSTEM    66
FIGURE 21    ECOSYSTEM VIEW    67
5.6    VALUE CHAIN ANALYSIS    68
FIGURE 22    ORIGINAL EQUIPMENT MANUFACTURERS AND SYSTEM INTEGRATORS ADD MAJOR VALUE TO EMBEDDED SECURITY MARKET    68
5.7    EMBEDDED SECURITY MARKET: CASE STUDIES    69
TABLE 7    EMBEDDED SECURITY STRENGTHENS CONFIDENCE IN
MEDICAL TESTING EQUIPMENT    69
TABLE 8    GARUDA INDONESIA DEVELOPED CORPORATE MOBILITY MANAGEMENT SYSTEM TO WORK ON ELECTRONIC FLIGHT BAGS FOR PILOTS    70
TABLE 9    US-BASED FINANCIAL SERVICES COMPANY CREATED PUBLIC KEY INFRASTRUCTURE INVENTORY USING VENAFI PLATFORM    71
TABLE 10    KASPERSKY LAB AND BE.SERVICES GMBH DEVELOP
EMBEDDED SECURITY SHIELD    72
TABLE 11    HEALTHCARE ORGANIZATION PROTECTS EMPLOYEE SAFETY, SECURITY WITH WASHABLE, RFID-EMBEDDED KEYBOARD    73
5.8    PATENT ANALYSIS    74
FIGURE 23    NUMBER OF PATENTS GRANTED PER YEAR, 2012–2022    74
TABLE 12    TOP 10 PATENT OWNERS FOR EMBEDDED SECURITY MARKET    74
FIGURE 24    TOP 10 COMPANIES WITH HIGHEST NO. OF PATENTS APPLICATION
IN LAST 10 YEAR    75
TABLE 13    IMPORTANT PATENT REGISTRATIONS, 2018–2022    75
5.9    REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN
EMBEDDED SECURITY MARKET    82
FIGURE 25    REVENUE SHIFT IN EMBEDDED SECURITY MARKET    82
5.10    REGULATORY STANDARDS    82
5.10.1    STANDARDS IN EMBEDDED SECURITY    84
TABLE 14    BASE STANDARDS OF INFORMATION SECURITY    84
TABLE 15    STANDARDS: EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE    84
5.10.2    GLOBAL REGULATIONS FOCUSED ON FRAUD PREVENTION
AND STANDARDIZATION    85
5.10.3    REGULATIONS IN US FOCUSED ON CONSUMER PROTECTION    86
5.10.4    REGULATIONS IN EUROPE FOCUSED ON STANDARDIZATION    88
5.10.5    REGULATIONS IN APAC FOCUSED ON DOMESTIC PAYMENT NETWORKS    89
6    TECHNOLOGY TRENDS    90
6.1    GROWING EMPHASIS ON AUTOMOBILE SECURITY    90
6.2    INCREASED CONTACTLESS PAYMENT    90
6.3    RISE OF WEARABLES    90
6.4    INCREASED NUMBER OF IOT DEVICES    91
6.5    EMERGENCE OF 5G    91
6.6    AVERAGE SELLING PRICE (ASP) TRENDS    91
TABLE 16    AVERAGE SELLING PRICE (ASP) TRENDS    91
6.7    KEY CONFERENCES & EVENTS IN 2022-2023    92
TABLE 17    EMBEDDED SECURITY MARKET: DETAILED LIST OF CONFERENCES & EVENTS    92
7    EMBEDDED SECURITY MARKET, BY SECURITY TYPE    95
7.1    INTRODUCTION    96
FIGURE 26    EMBEDDED SECURITY MARKET, BY SECURITY TYPE,
2022–2027(USD MILLION)    96
TABLE 18    EMBEDDED SECURITY MARKET, BY SECURITY TYPE,
2018–2021 (USD MILLION)    96
TABLE 19    EMBEDDED SECURITY MARKET, BY SECURITY TYPE,
2022–2027 (USD MILLION)    96
7.2    AUTHENTICATION AND ACCESS MANAGEMENT    97
7.2.1    AUTHENTICATION AND ACCESS MANAGEMENT DEVICES BLOCK UNAUTHORIZED USERS FROM ACCESSING DEVICES    97
7.3    PAYMENT    97
7.3.1    PAYMENT SECURITY PROVIDES SECURITY TO SENSITIVE CONSUMER
DATA AND ENABLES SECURED TRANSACTIONS BETWEEN MERCHANTS
AND CUSTOMERS    97
7.4    CONTENT PROTECTION    98
7.4.1    CONTENT PROTECTION PROTECTS SENSITIVE ORGANIZATIONAL DATA FROM MALICIOUS ATTACKS, FRAUDULENT ACTIVITIES, CYBER-ATTACKS, NETWORK THREATS, AND PRIVACY BREACHES    98
8    EMBEDDED SECURITY MARKET, BY OFFERING    99
8.1    INTRODUCTION    100
FIGURE 27    EMBEDDED SECURITY MARKET, BY OFFERING, 2022-2027 (USD MILLION)    100
TABLE 20    EMBEDDED SECURITY MARKET, BY OFFERING, 2018–2021 (USD MILLION)    100
TABLE 21    EMBEDDED SECURITY MARKET, BY OFFERING, 2022–2027 (USD MILLION)    100
8.2    HARDWARE    101
TABLE 22    HARDWARE SECURITY MARKET, BY PRODUCT, 2018–2021 (USD MILLION)    101
TABLE 23    HARDWARE SECURITY MARKET, BY PRODUCT, 2022–2027 (USD MILLION)    101
8.2.1    SECURE ELEMENT AND EMBEDDED SIM    102
8.2.1.1    Increasing number of M2M connections is driving market growth    102
8.2.2    EMBEDDED SIM    102
8.2.2.1    eSIM, is a reprogrammable chip that comes in various
shapes and sizes    102
8.2.3    TRUSTED PLATFORM MODULE    103
8.2.3.1    Increasing number of cyber security threats is driving trusted platform module market    103
8.2.4    HARDWARE SECURITY MODULE    103
8.2.4.1    Increasing demand for information and data security is driving growth of hardware security module market    103

8.2.5    HARDWARE TOKEN    104
8.2.5.1    Increase in number of internet-based transactions and need for
high level of security is driving hardware token market    104
8.3    SOFTWARE    105
8.3.1    FIREWALL    105
8.3.1.1    Firewalls stop unauthorized users from gaining access to computers or networks    105
8.3.2    ANTIVIRUS    105
8.3.2.1    Antivirus software tackles security concerns when attackers
get past a firewall    105
8.3.3    ANTISPYWARE    105
8.3.3.1    Antispyware software detects specific actions taken by spyware by monitoring communications    105
8.3.4    NETWORK SECURITY    105
8.3.4.1    Network-level security implementation is more cost-efficient than other methods    105
8.4    SERVICES    106
8.4.1    SYSTEM INTEGRATED SERVICES    106
8.4.1.1    Systems integration services can help businesses gain connectivity    106
8.4.2    SUPPORT AND MAINTENANCE SERVICES    106
8.4.2.1    Specialized support and maintenance services help in immediate bug fixing for critical issues as well as permanent resolution for high-level optimization.    106
8.4.3    SECURITY CONSULTING    106
8.4.3.1    Security consulting assist companies in improving effectiveness of business and IT processes    106
9    EMBEDDED SECURITY MARKET, BY APPLICATION    107
9.1    INTRODUCTION    108
FIGURE 28    EMBEDDED SECURITY MARKET, BY APPLICATION, 2021 (MILLION UNITS)    108
FIGURE 29    EMBEDDED SECURITY MARKET, BY APPLICATION,
2022–2027(USD MILLION)    108
TABLE 24    EMBEDDED SECURITY MARKET, BY APPLICATION, 2018-2021(USD MILLION)    109
TABLE 25    EMBEDDED SECURITY MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    109
9.2    WEARABLES    110
9.2.1    INCREASING PAYMENTS THROUGH WEARABLES IS DRIVING DEMAND FOR EMBEDDED SECURITY    110
9.3    SMARTPHONES    110
9.3.1    INCREASING USE OF IOT APPLICATIONS IS DRIVING NEED FOR SECURITY SOLUTIONS FOR SMARTPHONES    110
9.4    AUTOMOTIVE    111
9.4.1    GROWING DEMAND FOR CONNECTED CARS IS FUELING DEMAND FOR EMBEDDED SECURITY SOLUTIONS    111

9.5    SMART IDENTITY CARDS    111
9.5.1    EMERGENCE OF MULTI-APPLICATION SMART CARDS IS DRIVING
SMART IDENTITY CARDS MARKET    111
9.6    INDUSTRIAL    112
9.6.1    INCREASING FOCUS ON INTEGRATING IOT INTO INDUSTRIAL CONTROL SYSTEMS IS DRIVING MARKET GROWTH    112
9.7    PAYMENT PROCESSING AND CARDS    113
9.7.1    INCREASING ECOMMERCE SALES, ALONG WITH GROWING INTERNET PENETRATION, IS DRIVING PAYMENT PROCESSING AND CARDS MARKET    113
9.8    OTHERS    114
10    GEOGRAPHIC ANALYSIS    115
10.1    INTRODUCTION    116
FIGURE 30    EMBEDDED SECURITY MARKET, BY GEOGRAPHY    116
TABLE 26    EMBEDDED SECURITY MARKET, BY REGION, 2018–2021 (USD MILLION)    116
TABLE 27    EMBEDDED SECURITY MARKET, BY REGION, 2022–2027 (USD MILLION)    116
TABLE 28    EMBEDDED SECURITY MARKET, BY APPLICATION,
2018–2021 (USD MILLION)    117
TABLE 29    EMBEDDED SECURITY MARKET, BY APPLICATION,
2022–2027 (USD MILLION)    117
TABLE 30    EMBEDDED SECURITY MARKET, BY SECURITY TYPE,
2018–2021 (USD MILLION)    117
TABLE 31    EMBEDDED SECURITY MARKET, BY SECURITY TYPE,
2022–2027 (USD MILLION)    118
TABLE 32    EMBEDDED SECURITY MARKET, BY OFFERING, 2018–2021 (USD MILLION)    118
TABLE 33    EMBEDDED SECURITY MARKET, BY OFFERING, 2022–2027 (USD MILLION)    118
TABLE 34    EMBEDDED SECURITY MARKET, BY HARDWARE, 2018–2021 (USD MILLION)    118
TABLE 35    EMBEDDED SECURITY MARKET, BY HARDWARE, 2022–2027 (USD MILLION)    119
10.2    EUROPE    119
FIGURE 31    SNAPSHOT: EMBEDDED SECURITY MARKET IN EUROPE    120
TABLE 36    EMBEDDED SECURITY MARKET IN EUROPE, BY APPLICATION,
2018–2021 (USD MILLION)    120
TABLE 37    EMBEDDED SECURITY MARKET IN EUROPE, BY APPLICATION,
2022–2027 (USD MILLION)    121
TABLE 38    EMBEDDED SECURITY MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION)    121
TABLE 39    EMBEDDED SECURITY MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION)    121
TABLE 40    EMBEDDED SECURITY MARKET IN EUROPE, BY SECURITY TYPE,
2018–2021 (USD MILLION)    122
TABLE 41    EMBEDDED SECURITY MARKET IN EUROPE, BY SECURITY TYPE,
2022–2027 (USD MILLION)    122
TABLE 42    EMBEDDED SECURITY MARKET IN EUROPE, BY OFFERING,
2018–2021 (USD MILLION)    122
TABLE 43    EMBEDDED SECURITY MARKET IN EUROPE, BY OFFERING,
2022–2027 (USD MILLION)    122

10.2.1    UK    123
10.2.1.1    Rising cases of cyberattacks to fuel embedded security
market growth in UK    123
TABLE 44    EMBEDDED SECURITY MARKET IN UK, BY SECURITY TYPE,
2018–2021 (USD MILLION)    123
TABLE 45    EMBEDDED SECURITY MARKET IN UK, BY SECURITY TYPE,
2022–2027 (USD MILLION)    123
TABLE 46    EMBEDDED SECURITY MARKET IN UK, BY OFFERING,
2018–2021 (USD MILLION)    123
TABLE 47    EMBEDDED SECURITY MARKET IN UK, BY OFFERING,
2022–2027 (USD MILLION)    124
TABLE 48    EMBEDDED SECURITY MARKET IN UK, BY APPLICATION,
2018–2021 (USD MILLION)    124
TABLE 49    EMBEDDED SECURITY MARKET IN UK, BY APPLICATION,
2022–2027 (USD MILLION)    124
10.2.2    GERMANY    125
10.2.2.1    Introduction of security concepts in manufacturing sector to boost market growth in Germany    125
TABLE 50    EMBEDDED SECURITY MARKET IN GERMANY, BY SECURITY TYPE,
2018–2021 (USD MILLION)    125
TABLE 51    EMBEDDED SECURITY MARKET IN GERMANY, BY SECURITY TYPE,
2022–2027 (USD MILLION)    125
TABLE 52    EMBEDDED SECURITY MARKET IN GERMANY, BY OFFERING,
2018–2021 (USD MILLION)    125
TABLE 53    EMBEDDED SECURITY MARKET IN GERMANY, BY OFFERING,
2022–2027 (USD MILLION)    126
TABLE 54    EMBEDDED SECURITY MARKET IN GERMANY, BY APPLICATION,
2018–2021 (USD MILLION)    126
TABLE 55    EMBEDDED SECURITY MARKET IN GERMANY, BY APPLICATION,
2022–2027 (USD MILLION)    126
10.2.3    FRANCE    127
10.2.3.1    Focus on boosting cybersecurity strategy to support market
growth in France    127
TABLE 56    EMBEDDED SECURITY MARKET IN FRANCE, BY SECURITY TYPE,
2018–2021 (USD MILLION)    127
TABLE 57    EMBEDDED SECURITY MARKET IN FRANCE, BY SECURITY TYPE,
2022–2027 (USD MILLION)    127
TABLE 58    EMBEDDED SECURITY MARKET IN FRANCE, BY OFFERING,
2018–2021 (USD MILLION)    127
TABLE 59    EMBEDDED SECURITY MARKET IN FRANCE, BY OFFERING,
2022–2027 (USD MILLION)    128
TABLE 60    EMBEDDED SECURITY MARKET IN FRANCE, BY APPLICATION,
2018–2021 (USD MILLION)    128
TABLE 61    EMBEDDED SECURITY MARKET IN FRANCE, BY APPLICATION,
2022–2027 (USD MILLION)    128
10.2.4    REST OF EUROPE    129
TABLE 62    EMBEDDED SECURITY MARKET IN REST OF EUROPE, BY SECURITY TYPE, 2018–2021 (USD MILLION)    129
TABLE 63    EMBEDDED SECURITY MARKET IN REST OF EUROPE, BY SECURITY TYPE, 2022–2027 (USD MILLION)    129
TABLE 64    EMBEDDED SECURITY MARKET IN REST OF EUROPE, BY OFFERING,
2018–2021 (USD MILLION)    129
TABLE 65    EMBEDDED SECURITY MARKET IN REST OF EUROPE, BY OFFERING,
2022–2027 (USD MILLION)    130
TABLE 66    EMBEDDED SECURITY MARKET IN REST OF EUROPE, BY APPLICATION, 2018–2021 (USD MILLION)    130
TABLE 67    EMBEDDED SECURITY MARKET IN REST OF EUROPE, BY APPLICATION, 2022–2027 (USD MILLION)    130
10.3    ASIA PACIFIC    131
FIGURE 32    SNAPSHOT: EMBEDDED SECURITY MARKET IN ASIA PACIFIC    131
TABLE 68    EMBEDDED SECURITY MARKET IN APAC, BY APPLICATION,
2018–2021 (USD MILLION)    132
TABLE 69    EMBEDDED SECURITY MARKET IN APAC, BY APPLICATION,
2022–2027 (USD MILLION)    132
TABLE 70    EMBEDDED SECURITY MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION)    133
TABLE 71    EMBEDDED SECURITY MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION)    133
TABLE 72    EMBEDDED SECURITY MARKET IN APAC, BY SECURITY TYPE,
2018–2021 (USD MILLION)    133
TABLE 73    EMBEDDED SECURITY MARKET IN APAC, BY SECURITY TYPE,
2022–2027 (USD MILLION)    133
TABLE 74    EMBEDDED SECURITY MARKET IN APAC, BY OFFERING,
2018–2021 (USD MILLION)    134
TABLE 75    EMBEDDED SECURITY MARKET IN APAC, BY OFFERING,
2022–2027 (USD MILLION)    134
10.3.1    CHINA    134
10.3.1.1    Increasing cyberattacks on industrial systems in China to fuel demand for embedded security    134
TABLE 76    EMBEDDED SECURITY MARKET IN CHINA, BY SECURITY TYPE,
2018–2021 (USD MILLION)    135
TABLE 77    EMBEDDED SECURITY MARKET IN CHINA, BY SECURITY TYPE,
2022–2027 (USD MILLION)    135
TABLE 78    EMBEDDED SECURITY MARKET IN CHINA, BY OFFERING,
2018–2021 (USD MILLION)    135
TABLE 79    EMBEDDED SECURITY MARKET IN CHINA, BY OFFERING,
2022–2027 (USD MILLION)    135
TABLE 80    EMBEDDED SECURITY MARKET IN CHINA, BY APPLICATION,
2018–2021 (USD MILLION)    136
TABLE 81    EMBEDDED SECURITY MARKET IN CHINA, BY APPLICATION,
2022–2027 (USD MILLION)    136
10.3.2    SOUTH KOREA    136
10.3.2.1    Increased exposure to cyberattacks post introduction of 5G to generate demand for embedded security in South Korea    136
TABLE 82    EMBEDDED SECURITY MARKET IN SOUTH KOREA, BY SECURITY TYPE,
2018–2021 (USD MILLION)    137
TABLE 83    EMBEDDED SECURITY MARKET IN SOUTH KOREA, BY SECURITY TYPE,
2022–2027 (USD MILLION)    137
TABLE 84    EMBEDDED SECURITY MARKET IN SOUTH KOREA, BY OFFERING,
2018–2021 (USD MILLION)    137
TABLE 85    EMBEDDED SECURITY MARKET IN SOUTH KOREA, BY OFFERING,
2022–2027 (USD MILLION)    137
TABLE 86    EMBEDDED SECURITY MARKET IN SOUTH KOREA, BY APPLICATION,
2018–2021 (USD MILLION)    138
TABLE 87    EMBEDDED SECURITY MARKET IN SOUTH KOREA, BY APPLICATION,
2022–2027 (USD MILLION)    138
10.3.3    JAPAN    139
10.3.3.1    Government focus on strengthening cybersecurity capabilities to boost market growth in Japan    139
TABLE 88    EMBEDDED SECURITY MARKET IN JAPAN, BY SECURITY TYPE,
2018–2021 (USD MILLION)    139
TABLE 89    EMBEDDED SECURITY MARKET IN JAPAN, BY SECURITY TYPE,
2022–2027 (USD MILLION)    139
TABLE 90    EMBEDDED SECURITY MARKET IN JAPAN, BY OFFERING,
2018–2021 (USD MILLION)    139
TABLE 91    EMBEDDED SECURITY MARKET IN JAPAN, BY OFFERING,
2022–2027 (USD MILLION)    140
TABLE 92    EMBEDDED SECURITY MARKET IN JAPAN, BY APPLICATION,
2018–2021 (USD MILLION)    140
TABLE 93    EMBEDDED SECURITY MARKET IN JAPAN, BY APPLICATION,
2022–2027 (USD MILLION)    140
10.3.4    REST OF APAC    141
TABLE 94    EMBEDDED SECURITY MARKET IN REST OF APAC, BY SECURITY TYPE,
2018–2021 (USD MILLION)    141
TABLE 95    EMBEDDED SECURITY MARKET IN REST OF APAC, BY SECURITY TYPE,
2022–2027 (USD MILLION)    141
TABLE 96    EMBEDDED SECURITY MARKET IN REST OF APAC, BY OFFERING,
2018–2021 (USD MILLION)    141
TABLE 97    EMBEDDED SECURITY MARKET IN REST OF APAC, BY OFFERING,
2022–2027 (USD MILLION)    142
TABLE 98    EMBEDDED SECURITY MARKET IN REST OF APAC, BY APPLICATION,
2018–2021 (USD MILLION)    142
TABLE 99    EMBEDDED SECURITY MARKET IN REST OF APAC, BY APPLICATION,
2022–2027 (USD MILLION)    142
10.4    NORTH AMERICA    143
FIGURE 33    SNAPSHOT: EMBEDDED SECURITY MARKET IN NORTH AMERICA    143
TABLE 100    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY APPLICATION,
2018–2021 (USD MILLION)    144
TABLE 101    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY APPLICATION,
2022–2027 (USD MILLION)    144
TABLE 102    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION)    145
TABLE 103    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION)    145
TABLE 104    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY SECURITY TYPE, 2018–2021 (USD MILLION)    145
TABLE 105    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY SECURITY TYPE, 2022–2027 (USD MILLION)    146
TABLE 106    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY OFFERING,
2018–2021 (USD MILLION)    146
TABLE 107    EMBEDDED SECURITY MARKET IN NORTH AMERICA, BY OFFERING,
2022–2027 (USD MILLION)    146
10.4.1    US    146
10.4.1.1    US holds major share of embedded security market in North America    146
TABLE 108    EMBEDDED SECURITY MARKET IN US, BY APPLICATION,
2018–2021 (USD MILLION)    147
TABLE 109    EMBEDDED SECURITY MARKET IN US, BY APPLICATION,
2022–2027 (USD MILLION)    147
TABLE 110    EMBEDDED SECURITY MARKET IN US, BY SECURITY TYPE,
2018–2021 (USD MILLION)    148
TABLE 111    EMBEDDED SECURITY MARKET IN US, BY SECURITY TYPE,
2022–2027 (USD MILLION)    148
TABLE 112    EMBEDDED SECURITY MARKET IN US, BY OFFERING,
2018–2021 (USD MILLION)    148
TABLE 113    EMBEDDED SECURITY MARKET IN US, BY OFFERING,
2022–2027 (USD MILLION)    148
10.4.2    CANADA    149
10.4.2.1    Growing cases of cyberattacks to foster market growth in Canada    149
TABLE 114    EMBEDDED SECURITY MARKET IN CANADA, BY APPLICATION,
2018–2021 (USD MILLION)    149
TABLE 115    EMBEDDED SECURITY MARKET IN CANADA, BY APPLICATION,
2022–2027 (USD MILLION)    149
TABLE 116    EMBEDDED SECURITY MARKET IN CANADA, BY SECURITY TYPE,
2018–2021 (USD MILLION)    150
TABLE 117    EMBEDDED SECURITY MARKET IN CANADA, BY SECURITY TYPE,
2022–2027 (USD MILLION)    150
TABLE 118    EMBEDDED SECURITY MARKET IN CANADA, BY OFFERING,
2018–2021 (USD MILLION)    150
TABLE 119    EMBEDDED SECURITY MARKET IN CANADA, BY OFFERING,
2022–2027 (USD MILLION)    150
10.4.3    MEXICO    151
10.4.3.1    Adoption of advanced technologies in industries to augment
market growth in Mexico    151
TABLE 120    EMBEDDED SECURITY MARKET IN MEXICO, BY APPLICATION,
2018–2021 (USD MILLION)    151
TABLE 121    EMBEDDED SECURITY MARKET IN MEXICO, BY APPLICATION,
2022–2027 (USD MILLION)    151
TABLE 122    EMBEDDED SECURITY MARKET IN MEXICO, BY SECURITY TYPE,
2018–2021 (USD MILLION)    152
TABLE 123    EMBEDDED SECURITY MARKET IN MEXICO, BY SECURITY TYPE,
2022–2027 (USD MILLION    152
TABLE 124    EMBEDDED SECURITY MARKET IN MEXICO, BY OFFERING,
2018–2021 (USD MILLION)    152
TABLE 125    EMBEDDED SECURITY MARKET IN MEXICO, BY OFFERING,
2022–2027 (USD MILLION)    152
10.5    REST OF THE WORLD (ROW)    153
TABLE 126    EMBEDDED SECURITY MARKET IN ROW, BY APPLICATION,
2018–2021 (USD MILLION)    153
TABLE 127    EMBEDDED SECURITY MARKET IN ROW, BY APPLICATION,
2022–2027 (USD MILLION)    153
TABLE 128    EMBEDDED SECURITY MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION)    154
TABLE 129    EMBEDDED SECURITY MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION)    154
TABLE 130    EMBEDDED SECURITY MARKET IN ROW, BY SECURITY TYPE,
2018–2021 (USD MILLION)    154
TABLE 131    EMBEDDED SECURITY MARKET IN ROW, BY SECURITY TYPE,
2022–2027 (USD MILLION)    154
TABLE 132    EMBEDDED SECURITY MARKET IN ROW, BY OFFERING,
2018–2021 (USD MILLION)    155
TABLE 133    EMBEDDED SECURITY MARKET IN ROW, BY OFFERING,
2022–2027 (USD MILLION)    155
10.5.1    MIDDLE EAST AND AFRICA (MEA)    155
10.5.1.1    Marked rise in cyberespionages to intensify demand for
embedded security in MEA    155
10.5.2    LATIN AMERICA    156
10.5.2.1    Increasing smartphone and internet adoption to drive market growth in Latin America    156
11    COMPETITIVE LANDSCAPE    157
11.1    INTRODUCTION    157
FIGURE 34    GLOBAL SMARTPHONE SALES WITH EMBEDDED HARDWARE SECURITY MARKET SHARE BY VOLUME IN 2018 VS 2019 VS 2020    157
11.2    REVENUE ANALYSIS: TOP 4 COMPANIES    158
FIGURE 35    SHARE OF TOP 4 PLAYERS IN EMBEDDED SECURITY MARKET, 2018–2020    158
11.3    STRATEGIES OF KEY PLAYERS    159
11.4    MARKET SHARE ANALYSIS, 2021    160
TABLE 134    EMBEDDED SECURITY MARKET: MARKET SHARE ANALYSIS (2021)    160
FIGURE 36    MARKET SHARE ANALYSIS EMBEDDED SECURITY MARKET, 2021    160
11.5    COMPANY EVALUATION QUADRANT, 2021    161
11.5.1    STAR    161
11.5.2    PERVASIVE    161
11.5.3    EMERGING LEADER    162
11.5.4    PARTICIPANT    162
FIGURE 37    EMBEDDED SECURITY MARKET (GLOBAL): COMPANY
EVALUATION QUADRANT, 2021    162
11.6    COMPETITIVE BENCHMARKING    163
11.6.1    APPLICATION AND REGIONAL FOOTPRINT ANALYSIS OF TOP PLAYERS    163
TABLE 135    APPLICATION AND REGIONAL FOOTPRINT OF COMPANIES    163
TABLE 136    APPLICATION FOOTPRINT OF COMPANIES    164
TABLE 137    REGIONAL FOOTPRINT OF COMPANIES    165
11.7    SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021    165
11.7.1    PROGRESSIVE COMPANY    165
11.7.2    RESPONSIVE COMPANY    165
11.7.3    DYNAMIC COMPANY    166
11.7.4    STARTING BLOCK    166
FIGURE 38    EMBEDDED SECURITY MARKET (GLOBAL): SME EVALUATION
QUADRANT, 2021    166
11.8    COMPETITIVE SITUATIONS & TRENDS    167
TABLE 138    EMBEDDED SECURITY MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS    167
TABLE 139    EMBEDDED SECURITY MARKET: DEALS    168
TABLE 140    EMBEDDED SECURITY MARKET: DETAILED LIST OF KEY STARTUPS/SMES    170
TABLE 141    EMBEDDED SECURITY MARKET: COMPETITIVE BENCHMARKING OF
KEY STARTUPS/SMES    171
12    COMPANY PROFILES    172
12.1    KEY PLAYERS    172
(Business Overview, Products Offered, Product Launches, Deals, and MnM View)*
12.1.1    INFINEON TECHNOLOGIES    172
TABLE 142    INFINEON TECHNOLOGIES: BUSINESS OVERVIEW    172
FIGURE 39    INFINEON TECHNOLOGIES: COMPANY SNAPSHOT    173
12.1.2    STMICROELECTRONICS    177
TABLE 143    STMICROELECTRONICS: BUSINESS OVERVIEW    177
FIGURE 40    STMICROELECTRONICS: COMPANY SNAPSHOT    178
12.1.3    NXP SEMICONDUCTOR    182
TABLE 144    NXP SEMICONDUCTOR: BUSINESS OVERVIEW    182
FIGURE 41    NXP SEMICONDUCTORS: COMPANY SNAPSHOT    183
12.1.4    TEXAS INSTRUMENTS    186
TABLE 145    TEXAS INSTRUMENTS: BUSINESS OVERVIEW    186
FIGURE 42    TEXAS INSTRUMENTS: COMPANY SNAPSHOT    187
12.1.5    QUALCOMM    190
TABLE 146    QUALCOMM: BUSINESS OVERVIEW    190
FIGURE 43    QUALCOMM: COMPANY SNAPSHOT    191
12.1.6    RENESAS    194
TABLE 147    RENESAS: BUSINESS OVERVIEW    194
FIGURE 44    RENESAS: COMPANY SNAPSHOT    195
12.1.7    THALES GROUP    198
TABLE 148    THALES GROUP: BUSINESS OVERVIEW    198
FIGURE 45    THALES GROUP: COMPANY SNAPSHOT    199
12.1.8    MICROCHIP    202
TABLE 149    MICROCHIP: BUSINESS OVERVIEW    202
FIGURE 46    MICROCHIP: COMPANY SNAPSHOT    203
12.1.9    SAMSUNG    205
TABLE 150    SAMSUNG: BUSINESS OVERVIEW    205
FIGURE 47    SAMSUNG: COMPANY SNAPSHOT    206
12.1.10    IDEMIA    208
TABLE 151    IDEMIA: BUSINESS OVERVIEW    208
Business Overview, Products Offered, Product Launches, Deals, and MnM View might not be captured in case of unlisted companies.
12.2    OTHER PLAYERS    210
12.2.1    RAMBUS    210
12.2.2    CISCO    211
12.2.3    ESCRYPT    212
12.2.4    KURZ AND OVD KINEGRAM    213
12.2.5    BAE SYSTEMS PLC    214
12.2.6    LANTRONIX, INC.    215
12.2.7    IBM    216
12.2.8    SWIFT    217
12.2.9    MCAFEE LLC    218
12.2.10    BROADCOM INC    219
12.2.11    HITEX GMBH    220
12.2.12    ANALOG DEVICES INC    220
12.2.13    ADVANTECH CO. LTD.    221
12.2.14    ETA COMPUTE    221
12.2.15    RUNSAFE SECURITY    222
13    APPENDIX    223
13.1    INSIGHTS OF INDUSTRY EXPERTS    223
13.2    DISCUSSION GUIDE    224
13.3    KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL    227
13.4    AVAILABLE CUSTOMIZATIONS    229
13.5    RELATED REPORTS    229
13.6    AUTHOR DETAILS    230"