Italy Embedded Security Market Analysis of Sales, Revenue, Growth Trends, and Forecast 2023-2030

1. Italy Embedded Security Market: Analysis Italy Embedded Security Market: Analysis of Sales, Revenue, Growth Trends, and of Sales, Revenue, Growth Trends, and Forecast 2023 Forecast 2023- -2030 2030 According to the latest report by Fairfield Market Research, the global embedded security market is experiencing significant growth, and Italy is set to play a pivotal role in this expansion. The embedded security market has been experiencing rapid growth in recent years, and its trajectory is set to continue upward. The global embedded security market was valued at a staggering US$5.8 billion in 2019. With an expected surge, it is projected to reach over US$9.8 billion by 2026, representing a remarkable compound annual growth rate (CAGR) of 8.1% during the forecast period of 2021-2026. Read More: https://www.fairfieldmarketresearch.com/report/embedded-security- market Side-Channel Attacks on Embedded System Devices Drive Demand for Security Solutions In an increasingly interconnected world, side-channel attacks have emerged as a significant concern for embedded system devices. These attacks exploit processed data from chips or systems to extract sensitive information, including cryptographic keys and communications. To combat this growing threat, embedded security systems employ a range of security measures to identify potential security vulnerabilities and protect against them. By incorporating robust security features, such as end-to-end threat analysis, secure system design and testing, real-time computing data protection, and security testing, embedded security solutions have become indispensable across various applications. As a result, the embedded security market is poised for substantial growth in the coming years. Inclusion of Payment Functionality in Wearables Propels the Global Embedded Security Market Wearable technology has witnessed remarkable advancements, with innovations in clothing, smart glasses, jewelry, and virtual reality (VR) equipment. Wearables offer a multitude of functionalities, including fitness tracking, navigation, and health monitoring, as well as payment and smart home control applications. To ensure secure transactions and protect user information, embedded security solution providers have introduced cutting-edge embedded security solutions. Notably, STMicroelectronics, a Switzerland-based company, has developed secure wearable solutions for applications such as payment, transit, and contactless transactions. Collaborative initiatives, such as "Wear N Pay" by Axis Bank and Thales Group, have further strengthened the embedded security market by introducing a range of contactless

2. payment devices. These advancements in wearable technology are set to drive the growth of the global embedded security market. Embedded Security for Retail, Medical, and Critical Infrastructure Drives Sales The demand for embedded security solutions continues to rise in sectors such as retail, medical, and critical infrastructure. To address security concerns, secure authentication and anti-counterfeit technologies have become crucial for consumers and system manufacturers alike. Embedded security solutions offer intuitive card handling, fully-integrated one-module solutions, and high-level security features tailored for retail, medical, and critical infrastructure applications. With an increasing emphasis on threat analysis, encryption, simplified protection, and regulatory compliance, the embedded security market is poised to experience significant growth. Shortage in Semiconductor Supply Disrupts Embedded Security Solutions Market The global shortage of semiconductors has presented a significant challenge for the embedded security market. The trade tensions between the United States and China have disrupted the global supply chain, resulting in tariffs and limitations on semiconductor trade. These disruptions have created imbalances in demand and supply, impacting multiple industries and exacerbating the shortage of semiconductors. Furthermore, the outbreak of the COVID-19 pandemic has further disrupted the semiconductor supply chain. Given China's role as a key semiconductor supplier and the political volatility affecting the country, the embedded security market has experienced a negative impact. Susceptibility of Embedded Systems to Cyber Threats and Security Breaches While the embedded security market shows immense promise, it is not without its challenges. One of the primary concerns hindering its growth is the vulnerability of embedded devices to cyber threats and security breaches. Embedded systems store critical information used by various entities, including military forces, banks, data centers, and healthcare facilities. Safeguarding these devices against cyberattacks and data breaches is of paramount importance. However, embedded systems are susceptible to cyber threats due to infrequent security updates, extended device lifecycles, remote deployment, and attack replication. Addressing these vulnerabilities and strengthening the security of embedded systems are critical for the sustained growth of the embedded security market. Asia Pacific Emerges as the Dominant Player in the Global Embedded Security Market The Asia Pacific region has emerged as the largest-growing market for embedded security solutions. Countries such as India, China, Singapore, and Japan are grappling with increasing cybersecurity concerns. India, in particular, ranks fifth globally in terms of DNS hijackings, indicating a significant rise in cybercrime registrations. With highly sensitive data and billions of connected IoT devices, security has become a paramount concern in the APAC region. The recent outbreak of the COVID-19 pandemic has further accelerated the need for cybersecurity solutions, as organizations have transitioned to remote work environments, resulting in an uptick in malware and ransomware attacks. According to Microsoft, between February and May 2020 alone, 19 million ransomware and phishing attacks were identified in Asia. While North America and Europe currently hold the majority of the market share in

3. terms of revenue, the Asia Pacific cybersecurity market is expected to witness substantial growth. Competitive Landscape: Key Players Driving Innovation in the Embedded Security Market The embedded security market is characterized by intense competition and significant innovation. Key players in this space are driving advancements and delivering cutting-edge solutions. Notable market players include Cisco Systems, Inc., Infineon Technologies AG, STMicroelectronics N.V., NXP Semiconductors N.V., Texas Instruments, Inc., Renesas Electronics Corporation, Qualcomm Incorporated, Microchip Technology Inc, Samsung Electronics Co., Ltd., Morpho S.A.S (IDEMIA), and Escrypt GmbH (ETAS Group). These companies continuously invest in research and development to enhance embedded security solutions and stay ahead of the evolving threat landscape. Accelerating Innovation: Recent Developments in Embedded Security Solutions Several noteworthy developments have taken place in the realm of embedded security solutions, demonstrating the industry's commitment to innovation. Thales Group, for instance, unveiled SafeNet MobilePASS+ 2.2, a mobile authenticator for Android and Windows platforms. This solution offers seamless push authentication requests and secure one-time passcodes, with the convenience of fingerprint or face recognition unlocking. The activation process is simple and swift, leveraging QR code technology for self-enrollment. Microchip, a key player in the embedded security market, launched the Trust Platform Design Suite (TPDS) in May 2021. This comprehensive software platform facilitates device configuration and onboarding to Microchip's secure provisioning services. NXP Semiconductor introduced EdgeLock 2GO in February 2021, catering to zero-touch deployment, secure installation, and ongoing security maintenance for IoT devices. Trending Reports: https://issuu.com/fairfieldmarket/docs/japan_gas_insulated_transformer_market_to_be nefit_/s/26828790 For further details, please visit www.fairfieldmarketresearch.com. Contact Fairfield Market Research London, UK UK +44 (0)20 30025888 USA (Toll-free) +1 (844) 3829746 Email: sales@fairfieldmarketresearch.com