#hardware encryption marketsize

[ict-123]

The global hardware encryption market generated revenue of $131.77 billion in 2019, and is projected to garner $1,239.85 billion by 2027, registering a CAGR of 32.2% during the forecast period.

[blueweave]

global embedded security for IoT marketsize to grow at a significant CAGR of 10.97% reaching a value of USD 9.94 billion by 2029. Major growth drivers for global embedded security for IoT market include increasing adoption of industry guidelines for embedded hardware solutions, proliferation of connected devices through IoT networks, integration of embedded security in electric vehicles, and surging demand for integrated security solutions for IoT. Also, the deepening internet penetration rate has led to a growing demand for increased security for legacy systems, and government agencies are promoting digitization. Hence, such aspects are expected to boost the expansion of global embedded security for IOT market during the period in analysis. However, high costs associated with implementing embedded security solutions and complexity in integrating security solutions into existing IoT devices and systems are anticipated to restrain the overall market during the forecast period.

Global Embedded Security for IoT Market – Overview

Embedded security for IoT refers to the set of technologies, protocols, and techniques used to protect the confidentiality, integrity, and availability of data transmitted or processed by embedded devices connected to the Internet of Things (IoT) network. It involves implementing security measures within the hardware and software components of the devices to mitigate potential threats, such as unauthorized access, data breaches, and malware attacks. Embedded security for IoT includes features such as secure boot, secure firmware updates, secure communication protocols, and encryption, among others, to ensure the security of the devices and the data they handle.

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