A new report from ResearchAndMarkets.com, entitled "Global Embedded Security Market by Offering (Hardware (Secure Element, Embedded Sim, Hardware Token), Software, Services), Security Type (Authentication & Access Management, Payment, Content Protection), Application, and Region - Forecast to 2028", has just been added to the company's offering.
In 2023, the global embedded security market was estimated to be valued at USD 7.4 billion and is projected to grow at a CAGR of 5.7% between 2023 and 2028, resulting in a total market value of USD 9.8 billion by 2028.
As a result of this report, both market leaders and newcomers can gain valuable insights into embedded security market segments and revenue forecasts for the entire market. In order to better position their businesses and formulate effective go-to-market strategies, stakeholders will be able to leverage this report to gain a deeper understanding of the competitive landscape and gain strategic insights. 
An important factor driving the expansion of the embedded security market is the rapid proliferation of IoT applications. It is becoming increasingly common for devices to connect to the internet, which makes them vulnerable to cyber attacks. In order to protect these devices from potential cyberattacks, embedded security hardware serves as a crucial shield.
Likewise, the growing adoption of generative AI plays a pivotal role in propelling the embedded security market in a positive way. In order to create deceptive content, such as images, videos, and audio, that could be weaponized against embedded devices, generative AI is used. In order to detect and thwart these harmful attacks, embedded security hardware becomes a crucial defense mechanism.
A number of key factors contribute to China's dominance in embedded security products. In addition, the company has robust manufacturing capabilities which allow it to produce electronic components like embedded security hardware at cost-effective rates, and a substantial domestic market demand that encourages innovation and investment in security products.

Source prnewswire