Embedded Security Market Size

Embedded Security Market Future Prospects

The global embedded security market size is estimated at USD 8.1 billion in 2024, and the market size will advance at a 5.9% CAGR during the forecast period (2025–2032), to reach USD 12.9 billion by 2032. The growth of the industry is attributed to the increasing number of cyber-attacks and security breaches in smart wearable devices, consumer electronics, and IoT devices. The proliferation of digital payments has further propagated the market growth, as they are sensitive events, which need to be guarded against hackers. However, the U.S.–China trade war has resulted in the imposition of multiple restrictions, tariffs, and duties on both countries, thus hampering the industry growth to some extent.

The recent outbreak of COVID-19 continues to fuel the growth of the market, in terms of the software demand. The adoption of remote work environments has led to an increase in the number of cyber-attacks, including those involve        in malware and ransomware. This has led organizations to equip themselves with stringent security measures, and this trend is likely to continue in the forecast period.