San Francisco, California, March 19, 2018: A recent market study by TMR Research, titled, “Embedded Security Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” begins with a brief overview of the product and the scope of its market.
Embedded security serves to lower vulnerabilities of software running on embedded devices by protecting them against threats. Burgeoning applications of IoT and runaway popularity of wearables, automotive, and smartphones and tablets, is providing a major boost to the market since they all require embedded security. Besides, rising thrust by governments in various nations to promote digitization to bring about improved transparency and seamless functioning of the various departments is also catalyzing growth in the market. On account of the aforementioned growth drivers, the market for embedded security is expected to rise steadily in the next couple of years.
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The different types of embedded security are trusted platform module, secure element and embedded SIM, hardware tokens, and hardware security module. They provide security in areas of content protection and payment, among others. Geographically, the key regions in the market are Europe, North America, Asia Pacific, and the Rest of the World. North America, of them, is a leading region that is expected to soar further on the back of rising concerns about protection of sensitive data and critical infrastructure.
The report on the market for embedded security finds that a lot many savvy players in the industry have gained a stronghold over the market leveraging strategies for marketing, collaborations, and product development. Some such players profiled in the report are TMicroelectronics, Gemalto, Samsung, IDEMIA, Renesas, Infineon, NXP, Microchip, Texas Instruments, and Inside Secure.