$4.49 Bn Embedded Security Market - Forecasts from 2018 to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 8, 2018--The “Embedded Security Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The embedded security market was valued at US$3.102 billion in 2017 and is projected to expand at a CAGR of 6.39% over the forecast period to reach US$4.499 billion by 2023.
The major factors driving the demand for embedded security solutions are growing applications in the automotive industry, rising sales of smart devices and the trend towards digitalization. In addition, an increase in the IoT adoption will further contribute to the growing demand for different embedded security solutions.
North America and Europe hold a significant market share owing to early adoption of technology and high research expenditure. The Asia Pacific region will witness impressive growth over the forecast period owing to the booming consumption of consumer electronics and government initiatives promoting the use of EMV cards.
Major industry players profiled as part of the report are Infineon Technology AG, Advanced Card Systems Ltd., Precise Biometrics, McAfee Solutions, Gemalto NV, Texas Instruments Incorporated, and Renesas Electronics Corporated among others.
By ApplicationProgramming Home and Industrial Automation Authentication Payment Processing Others
By End-User IndustryManufacturing Consumer Electronics Automotive Information Communication and Technology Healthcare Others
Companies MentionedInfineon Technology AG Advanced Card Systems Ltd. Precise Biometrics McAfee Solutions Gemalto NV Texas Instruments Incorporated Renesas Electronics Corporated Microchip Technology, Inc. Symantec Corporation Microcomputer Applications, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/tmf7q8/4_49_bn_embedded?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180808005801/en/
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Related Topics:IT Security
INDUSTRY KEYWORD: TECHNOLOGY SECURITY
SOURCE: Research and Markets
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PUB: 08/08/2018 04:30 PM/DISC: 08/08/2018 04:30 PM