NEW
YORK, July 3, 2024 /PRNewswire/ -- The embedded
security and digital authentication market is primed for strong
growth in the coming years, driven by several intensifying factors:
increased threats, new regulations, and secure lifecycle management
demands. ABI Research, a global technology intelligence
firm, expects the embedded secure hardware market to grow 12%
between now and 2028 when total shipments will reach almost 8
billion globally.
"The embedded space is host to a variety of form factor demands
that provide for a rich and complex security ecosystem that is
constantly evolving. The convergence of the secure element and eSIM
space, the hybridization of secure MCUs and MPUs, and the
fragmentation of the TEE market all create demand for security
stemming from myriad applications and use cases," says Michela Menting, Senior Research Director at ABI
Research.
At the bottom of the stack, simple functionalities for secure
storage, secure boot processes or a hardware root of trust can be
fulfilled by a secure element. At the other end of the spectrum,
complex, multi-application edge devices with embedded operating
systems want to protect machine learning algorithms in secure
execution environments. According to Menting, "It is the
latter market that will drive the highest revenues. Better
virtualization technologies in smaller form factors are enabling
parallel secure containerization and enclaves for confidential
processing in embedded systems; these capabilities are in high
demand for flexible but secure device management."
From secure integrated circuits to TEE-based microcontrollers,
the embedded security market is vibrant and competitive, host to
dozens of semiconductors and silicon IP providers. Dominant
proprietary solutions are increasingly being challenged by
open-source alternatives and technologies that don't necessarily
align with established standards. This fragmentation can sometimes
be problematic in terms of security cohesion and interoperability,
but it also points to a gap in the market that clearly cannot be
fulfilled by the incumbents alone.
"With the growing threat landscape, notably in the IoT space,
and increasing policy and regulation pushing for more supply chains
and end devices, the outlook for the secure embedded hardware
market is highly opportunistic," Menting concludes.
These findings are from ABI Research's Digital Authentication
and Embedded Security market data report. This report is part
of the company's Trusted Device Solutions research
service, which includes research, data, and ABI Insights.
About ABI Research
ABI Research is a global technology intelligence firm uniquely
positioned at the intersection of technology solution providers and
end-market companies. We serve as the bridge that seamlessly
connects these two segments by providing exclusive research and
expert guidance to drive successful technology implementations and
deliver strategies proven to attract and retain customers.
ABI
Research是一家全球性的技术情报公司，拥有得天独厚的优势，充当终端市场公司和技术解决方案提供商之间的桥梁，通过提供独家研究和专业性指导，推动成功的技术实施和提供经证明可吸引和留住客户的战略，无缝连接这两大主体。
For more information about ABI Research's services, contact us
at +1.516.624.2500 in the Americas, +44.203.326.0140 in
Europe, +65.6592.0290 in
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visit www.abiresearch.com.
Contact Info:
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pr@abiresearch.com
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SOURCE ABI Research