NEW YORK - TelAve -- The global embedded security market is witnessing steady expansion, with its value projected to rise from USD 8.1 billion in 2024 to USD 12.9 billion by 2032, at a CAGR of 5.9% between 2025 and 2032. This growth is propelled by the rapid increase in cyber-attacks targeting smart wearables, consumer electronics, and IoT devices. As digital payments continue to replace traditional cash transactions, the sensitivity of data involved is further strengthening the need for reliable embedded security solutions. The continued shift toward online commerce and the evolution of near-field communication (NFC) and smart wearables are also bolstering the market demand.

Key Insights

• The hardware offering holds the largest share of 55% due to its foundational role in embedded security systems, supported by demand for embedded SIMs, secure elements, and trusted platform modules across connected automobiles, smart city infrastructure, and industrial machinery.
• Software is the fastest-growing offering category at a 7.0% CAGR, driven by the surge in adaptive security needs, behavioral analytics, and real-time threat detection as cyberattacks become more sophisticated globally.
• Payments applications dominate the market with a 45% share, fueled by the rapid rise in global e-commerce transactions, growing smartphone penetration, and increasing adoption of touch-based and contactless PoS terminals.
• In end-use segmentation, the automotive industry leads with a 30% share in 2024 and is set to grow the fastest at nearly 7.0% through 2032, owing to rising sales of connected and electric vehicles and high vulnerability to remote cyberattacks.

Browse detailed report analysis on "Embedded Security Market Share and Growth Report, 2032 (https://www.psmarketresearch.com/market-analysis/embedded-security-market)"

• The IT & telecommunications sector heavily relies on secure embedded modules for device management, encryption, malware protection, and compliance, especially with the rise of cloud and BYOD ecosystems.
• APAC is the largest regional market with a 45% share and will grow the fastest at a 6.0% CAGR, backed by rising cyberattacks in countries such as India, China, and Singapore and increasing usage of connected devices for social media and remote work.
• North America, led by the U.S., remains a major market driven by high adoption of smart technologies and advanced digital infrastructure, while Canada is expected to grow at a faster pace within the region.
• Europe continues to adopt embedded security solutions across automotive, industrial, and telecom sectors, with Germany being the largest market and the U.K. the fastest-growing due to strong regulatory pressure.
• The market is highly fragmented, with players such as Infineon Technologies, STMicroelectronics, NXP Semiconductors, Microchip Technology, Qualcomm, Thales, Cisco, and Broadcom offering diverse hardware and software security solutions.

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