Global Embedded Security Market to Reach $5.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Embedded Security estimated at US$4.3 Billion in the year 2020, is projected to reach a revised size of US$5.8 Billion by 2027, growing at a CAGR of 4.5% over the analysis period 2020-2027. Secure Element & Embedded SIM, one of the segments analyzed in the report, is projected to record a 4.2% CAGR and reach US$2.3 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Trusted Platform Module segment is readjusted to a revised 4.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 4.2% CAGR
The Embedded Security market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Hardware Security Module Segment to Record 4.9% CAGR
In the global Hardware Security Module segment, USA, Canada, Japan, China and Europe will drive the 4.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$756 Million in the year 2020 will reach a projected size of US$1.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$667.7 Million by the year 2027.We bring years of research experience to this 5th edition of our report. The 176-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Cisco Systems, Inc.
- ESCRYPT GmbH
- Gemalto NV
- Infineon Technologies AG
- Kurz and Ovd Kinegram
- Microchip Technology, Inc.
- NXP Semiconductors NV
- Qualcomm, Inc.
- Rambus, Inc.
- Renesas Electronics Corporation
- Samsung Electronics Co., Ltd.
- STMicroelectronics NV
- Texas Instruments, Inc.