Embedded Security Market
                     Embedded 
Security 
Market
: Future
of Healthcare in
an Aging World 
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The size of the embedded security market was about $6,141 million in 2021, and it will advance at a growth 
rate of over 6% in the near future, to reach $10,470 million by 2030. Industrial growth is credited to the 
increasing count of cyber-attacks and security breaks in smart wearable devices, electronics, and IoT 
devices. The propagation of digital payments has additionally propagated the growth of the industry, as they 
are sensitive proceedings, which are required to be defended against hackers.
The expansion of smart wearables, smartphones, near-field communication technology, and mobile internet 
has permitted the incorporation of payment services into prevailing mobile devices. Expediency and the 
removal of the obligation for having cash have been the major propelling factors for cashless and 
contactless methods of payment, while the internet has played a vital role in allowing online commerce. The 
pandemic further fueled the trend of contactless and cashless payments, therefore strengthening the 
necessity for robust cybersecurity measures.
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security-market/report-sample
APAC has the largest global demand for embedded security and the industry will generate a revenue of 
around $6 billion in 2030, with a growth rate of around 7% in the years to come. With the growing degree of 
interconnectedness between a number of devices through IoT, robust IT security is the prerequisite. 
Cybersecurity apprehensions are increasing in numerous emerging countries like Singapore, the People's 
Republic, and India. According to the reports, in 2021, Asia experienced above 25% of the cybercrimes 
around the world making it the most-condemned region by cyber criminals. Additionally, over 85 million 
accounts were broken in India.
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The placement of IoT will linger to grow in the years to come. IoT-integrated devices are connected and now 
common in every feature of life, counting offices, homes, and cars. The technology allows quicker and 
improved monitoring, dispensation, and control, as and when required. Some executive can be even 
automated. Though, a key issue faced by IoT is that it produces too much data, which makes the devices 
susceptible and disposed to cyber-attacks.
Automotive will witness the fastest growth in the embedded security market demand, proceeding at a 
growth of around 7%, in the years to come. EVs are the major drivers of this category; as of 2021, over 6.5 
million E-cars have been sold. Though, this growing trend might bring about a higher likelihood of data theft. 
According to the reports, the automotive industry will lose over $500 billion by 2024 to cyber-attacks. 
Furthermore, over 80% of the cyber-attacks in 2021 were done remotely.
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Furthermore, the automobile industry is hugely dependent on software and electronics. With the evolution in 
the sale of connected cars and the surge in the attention on self-directed driving, security becomes supreme 
in connected car systems, for instance, sensors, secure gateways, car access systems, powertrains, and 
chassis. With security coercions continuing to increase, deeper incorporation of the software with vehicles is 
essential for the latter's protection from unlawful access to systems and software management, thus 
improving the evolution of the embedded security industry in the future.
With the increase in the number of cyberattacks, the demand for embedded security systems is on the rise.
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