Embedded security market to reach $9 billion by 2027

Cybersecurity embedded systems manufacturing sector market News predictions trends

The embedded security market size is projected to grow from $6.8 billion in 2022 to $9 billion by 2027; it is expected to grow at a CAGR of 5.9% from 2022 to 2027, according to MarketsandMarkets. The key factors contributing to the growth of the embedded security market include increasing use of IoT-based applications, payments functionality in wearables, increasing cyber threats. However, the cost associated with hardware security modules is hindering the growth of the … More

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