LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global embedded security solutions market to grow at a CAGR of more than 7% during the period 2018-2022, according to their latest market research report.
Connectivity has been driving the security needs in devices. This is one of the major trends being witnessed in the global embedded security solutions market. The convergence of features and technologies in various communication methods is taking place at a faster rate and the increasing need for connectivity is driving the design of devices. These factors have been leading to a security nightmare to protect personal and professional information from hostile attacks.
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In this report, Technavio analysts highlight the increasing use of IoT as a key factor contributing to the growth of the global embedded security solutions market:
Global embedded security solutions market: Increasing use of IoT
IoT is the intelligent working of interconnected devices through wireless networks, where the devices intelligently understand and predict the requirement of the operator. It is not only one of the biggest breakthroughs in technology but is also the third wave of hacking. Hackers and cyber goons can now because of the involvement of many devices, hack into any of the devices and network and with the use of the hacked device/network, reach other devices and networks too.
According to a senior analyst at Technavio for embedded systems, “It has become imperative to install ESS in all devices to prevent attacks in the first stage itself. ESS is a pre-installed part of devices and safeguards the device from any external attack. In addition, there is no real-time substitute to ESS for ensuring device safety. These factors will drive the global embedded security solutions market as the penetration of IoT will intensify in the future.”
Global embedded security solutions market: APAC tops the market
This market research report segments the global embedded security solutions market into the following applications (content protection, identity and access management, and payment) and key regions (the Americas, APAC, and EMEA). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major applications, the content protection segment held the largest market share in 2017, contributing to around 44% of the market. Personalized ESS are available for various content formats for effective content protection.
APAC was the leading region for the global embedded security solutions market in 2017. It accounted for a market share of approximately 61%. The market share occupied by this segment is expected to increase by almost 5% during the forecast period.
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