Market Overview and Growth Outlook

The Embedded Security for IoT Market was estimated at USD 5.02 billion in 2023 and is projected to reach USD 10.65 billion by 2030. The market includes both Software and Controller Chip components used to safeguard embedded systems and connected IoT devices. The Embedded Security for IoT Market is likely to grow at a CAGR of 11.35% during 2024-2030.

Increasing implementation of embedded hardware-security guidelines and the need for stronger device-level protection are contributing to Embedded Security for IoT Market growth.

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Market Segmentation Analysis

By Component Type, the market includes Software and Controller Chip.

Embedded controller chips form part of hardware-based security systems designed to protect devices connected through IoT networks.

Industry guidelines promoting embedded chipsets and embedded software are supporting adoption of security systems capable of maintaining required security standards.

The market also covers applications ranging from Smart Factory and Smart Grid to Connected Car, Network Equipment, and Computing Devices.

Regional Market Insights

Asia-Pacific was the largest regional market in 2023.

The region's growing cybersecurity concerns, large base of connected devices, and expanding use of embedded-security systems in automobiles and wearables support demand for both software and hardware security.

Emerging Trends Shaping the Embedded Security for IoT Market

Hardware-based security is becoming increasingly important as IoT networks grow in scale and complexity.

Embedded chipsets can help establish security functions directly within end devices.

At the same time, greater processing requirements are creating opportunities for more advanced chipsets capable of supporting demanding security algorithms.

Key Growth Drivers of the Market

• Hardware security: Embedded chips provide security directly within connected devices.

• Industry guidelines: Best-practice recommendations support embedded-security adoption.

• Cyber-attack growth: Increasing threats strengthen demand for stronger device protection.

• Processing requirements: Security applications require capable embedded hardware.

• IoT expansion: More endpoints increase demand for secure controller technologies.

Competitive Landscape

Top Companies in the Market

• Cisco Systems Inc.

• NXP Semiconductors N.V.

• Intel Corporation

• Gemalto NV

• Infineon Technologies AG

• Palo Alto Networks Inc.

• Check Point Software Technologies Ltd.

• ARM Holdings Plc. (SoftBank Corp)

• Synopsys, Inc.

• Trend Micro Incorporated

• Inside Secure

Conclusion and Strategic Outlook

Controller chips and embedded software remain fundamental to the Embedded Security for IoT Market. Hardware-level protection, industry guidelines, expanding IoT networks, cybersecurity threats, and increasing processing requirements are expected to support market development through 2030.

FAQs – Embedded Security for IoT Market

1. Which component types are included in the market?
Software and Controller Chip are included.

2. What role do controller chips play?
They support embedded hardware security for connected devices.

3. What supports hardware-security adoption?
Industry guidelines and rising cyber-attacks support adoption.

4. Why is processing capability important?
Security applications require sufficient computational power to process security algorithms.

5. What CAGR is expected through 2030?
The market is likely to grow at a CAGR of 11.35%.